Report title: GNW-Life Insurance Operations (Life Insurance Subsidiaries of Genworth Financial, Inc.)
from Fitch Research
12 page (6766 word) report published Oct 15, 2009

Price $425.00 available for immediate download
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About Fitch Research

...Fitch Ratings affirmed the insurer financial strength (IFS) ratings of Genworth Financial Inc.'s (GNW or holdco) primary life insurance companies (GNW-Life) on Sept. 24, 2009. The Rating Outlook remains Negative. The affirmation followed an updated review of GNW's investment exposures, capital position, liquidity and interim financial performance, and reflects Fitch's view that these key rating factors remain consistent with expectations for the current rating. While GNW's 2009 operating and investment performance to date is poor, Fitch notes that the company has taken a number of positive steps this year to improve its financial flexibility and strengthen its capital position including the successful partial initial public offering (IPO) of its Canadian mortgage insurance business for $705 million of net proceeds and a recently completed equity raise of $621 million....

Report Type: Full Rating Report
Company(ies): Genworth Life Insurance Company, General Electric Capital Life Assurance Company of New York, Continental Life Insurance Company of Brentwood, Tennessee, GE Life and Annuity Assurance Company
Issuer: Continental Life Insurance Company of Brentwood, Tennessee
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