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Genworth Financial Inc. Message Board

  • su_dongpo su_dongpo Feb 6, 2013 1:58 PM Flag

    Clear statements about CEO's intentions:

    "My focus will be to improve operating performance, generate more cash and capital from the businesses and increase return on equity. I'm also spending considerable time understanding the risk profile of the company better.

    In addition, the company designed and is now implementing a comprehensive U.S. mortgage insurance capital plan that significantly enhances our financial flexibility. Genworth has a stronger balance sheet today given these actions, and we will continue to build that strength as we execute further on our strategic priorities.

    We are challenging each business to manage the actions that are within its control, including assessing the pricing of products, improving risk management, targeting new product sales and new business opportunities where returns are above our cost of capital and being more cost efficient."

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GNW
16.11+0.13(+0.81%)Apr 15 4:00 PMEDT

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