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.


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

Intelligent Insurer