Genworth Financial Inc. (GNW, Financial) filed Annual Report for the period ended 2011-12-31.
Genworth Finl has a market cap of $4.49 billion; its shares were traded at around $9.03 with a P/E ratio of 21.3 and P/S ratio of 0.4.
Read the The complete Report
Genworth Finl has a market cap of $4.49 billion; its shares were traded at around $9.03 with a P/E ratio of 21.3 and P/S ratio of 0.4.
Highlight of Business Operations:
Our lifestyle protection insurance products are currently underwritten and priced on a program basis, by type of product and by distributor, rather than on an individual policyholder basis. In setting prices and in some cases the nature of coverage offered, we take into account the underlying obligation, the particular product features and the average customer profile of a given distributor. For our monthly premium policies, most contracts allow for monthly price adjustments after consultation with our distribution partners which help us to reduce our business risk profile when there are adverse changes in the market. Additionally, certain of our distribution contracts provide for profit or loss sharing with our distribution partners, which provide our business and our distribution partners with risk protection and aligned economic interests over the life of the contract. We believe our experience in underwriting allows us to provide competitive pricing to distributors and generate targeted returns and profits for our business.Read the The complete Report
