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Genworth Financial (GNW) Q2 2024 Earnings Call Transcript

The Motley Fool

Our LTC segment reported an adjusted operating loss of $29 million in the second quarter, driven by a liability remeasurement loss. billion in approvals on a net present value basis since 2012. We also expect a liability remeasurement loss from actual-to-expected experience for the full year.

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Genworth Financial (GNW) Q1 2024 Earnings Call Transcript

The Motley Fool

This brings our cumulative progress to approximately $28 billion in approvals on a net present value basis since 2012. As we work through designing and pricing our new LTC insurance products and its related assumptions, we are leveraging our unparalleled experience in paying over 370,000 LTC claims.

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Delek Logistics Partners (DKL) Q1 2024 Earnings Call Transcript

The Motley Fool

Delek Logistics started back in 2012 as a classic drop-down story. The combination of the primary equity issuance and extending our debt to 2029 improved Delek Logistics' ability to pursue its growth plans through improved leverage and financial liquidity. In addition, we reduced the leverage ratio to 4.01 last quarter.

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Microsoft (MSFT) Q1 2024 Earnings Call Transcript

The Motley Fool

Excluding the impact of the change in accounting estimate, operating margins increased roughly 6 points driven by improved operating leverage through cost management and the higher gross margin noted earlier. And so, I think that focus is really helping on both execution and leverage. Now to our segment results. Thank you, guys.

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Genworth Financial (GNW) Q4 2023 Earnings Call Transcript

The Motley Fool

They operate as a closed system, leveraging existing reserves and capital, current premiums, as well as future new premiums under the LTC MYRAP plan to cover future claims and other obligations. Our second strategic priority is to leverage Genworth's LTC expertise to develop new, innovative aging services and solutions.

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Genworth Financial (GNW) Q3 2023 Earnings Call Transcript

The Motley Fool

LTC had an adjusted operating loss of 71 million, driven by a liability remeasurement loss under LDTI. This brings our cumulative progress to approximately 25 billion and approvals on a net present value basis since 2012. Enact again had a very strong quarter with adjusted operating income of 134 million to Genworth.

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Genworth Financial (GNW) Q2 2023 Earnings Call Transcript

The Motley Fool

Our LTC business reported an adjusted operating loss of $43 million in the second quarter, primarily driven by a liability remeasurement loss of $61 million from higher new claims as the LTC blocks age and seasonally lower claim terminations. In unprofitable capped LTC cohorts, any liability remeasurement is recorded in the quarter.

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