Genworth (GNW) unveils a capital plan for its U.S. Mortgage Insurance operations which the...

|About: Genworth Financial, Inc. (GNW)|By:, SA News Editor

Genworth (GNW) unveils a capital plan for its U.S. Mortgage Insurance operations which the company says will cut its risk-to-capital ratio by 12-15 bps, decrease the chances of the need for a capital raise, and ensure the ability to continue to write new business. The moves allow the separation of the U.S. mortgage business so that its insolvency would not affect the rest of Genworth. Conference call at 9 ET. (PR)