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Genworth Says Sustained Low Rates to Pressure Operating Earnings

Feb. 6 (Bloomberg) -- Genworth Financial Inc., the life insurer and mortgage guarantor, said sustained low interest rates could cut operating earnings by about 13 cents a share in 2015.

The reduction, which takes hedges into account, will probably be about 7 cents this year and 11 cents in 2014, according to a projection by the Richmond, Virginia-based insurer today in a presentation on its website.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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