Remove 2012 Remove Leveraging Remove Liabilities
article thumbnail

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.

article thumbnail

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.

Legal 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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.

article thumbnail

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.

article thumbnail

Chart of the Month: December 2022

Cobalt

Key Takeaways: The most obvious takeaway from this chart is the consistent upward net asset value (NAV) growth from 2012 to 2022. FactSet does not endorse or recommend any investments and assumes no liability for any consequence relating directly or indirectly to any action or inaction taken based on the information contained in this article.

article thumbnail

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.

Legal 100
article thumbnail

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.

Legal 130