Genworth Jumps Most Since 2009 as Mortgage Unit Fuels Profit

  • Net income is $172 million, earnings beat analyst estimates
  • Firm is closer to operational stability, BTIG’s Palmer says

Genworth Financial Inc. posted its biggest intraday gain since 2009 after reporting a second-straight quarterly profit as Chief Executive Officer Tom McInerney reshapes the insurer to rebound from losses on long-term care coverage.

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