Moody’s downgrades Genworth’s life insurance as profits drop

27-04-2020

Moody's Investors Service has downgraded the insurance financial strength (IFS) ratings of Genworth Financial's life insurance subsidiaries due to a decline in profitability and net capital generation in the near term resulting from the coronavirus and the related economic shock.

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Moody's, GLIC, Ratings, Insurance financial strength, Insurance, Reinsurance, Coronavirus, Economy, North America

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