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Genworth Capital Plan Approved - Analyst Blog
4/2/2013 3:20:00 PM
Genworth Financial Inc.
) announced that it has gained approval for implementation of its
U.S. Mortgage Insurance Capital Plan. The plan was previously
announced in Jan 2013 to reduce the risk-to-capital ratio of the
U.S. mortgage insurance subsidiary and the risk of a default
under the indenture governing Genworth's senior notes, and was
pending regulatory approval.
The implementation of the plan is expected to augment the financial flexibility of Genworth and strengthen its capital position thereby enhancing the profitability of the business going forward.
Genworth currently carries a Zacks Rank #4 (Sell). Among others in the industry Lincoln National Corporation ( LNC ), StanCorp Financial Group Inc. ( SFG ) and Reinsurance Group of America Inc. ( RGA ) carry a favorable Zacks Rank #2 (Buy) and are worth noting.
GENWORTH FINL (GNW): Free Stock Analysis Report
LINCOLN NATL-IN (LNC): Free Stock Analysis Report
REINSURANCE GRP (RGA): Free Stock Analysis Report
STANCORP FNL CP (SFG): Free Stock Analysis Report
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