Spencer Brannon
Long/short equity, deep value, value, special situations

Genworth Financial: How Mispriced Risks Are Building Upside Into This Troubled Company

Genworth Financial, Inc., (NYSE:GNW) is an insurance company based in Richmond, Virginia, providing insurance products to consumers in the United States, Canada, and Australia. The company focuses operations on two segments: Mortgage Insurance and Life Insurance.

In the U.S., the company is one of the last major players in the Long-Term Care (NYSE:LTC) field. LTC insurance has a storied history of capital destruction, but we'll get to more on that later. The division that includes LTC is referred to as Life Insurance in the company's reports, and it also includes some traditional life insurance products such as term life insurance, annuities, etc., as well as some hybrids that combine two or even all three of the

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details