Date archive for February 21st, 2012
Weekly Focus Article: Genworth Financial (GNW)
Genworth Financial (GNW) $9.22
The Company:
Established in 1871, Genworth Financial is a Fortune 500 insurance holding company that was spun off from General Electric (GE) in 2004. The company is diversified geographically across 25 countries like Australia, Canada, Ireland, India, etc. as well as various lines of business such as life insurance, long-term care reinsurance, reinsurance, annuities, wealth management and the red-headed stepchild mortgage insurance.
Mortgage insurance is often required by lenders when a borrower makes a down payment of less than 20% when purchasing a home. The U.S. mortgage insurance industry came to its knees during the last recession ...
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