Genworth Jumps Most Since 2009 as Mortgage Unit Fuels ProfitBy
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.