Genworth profit soars as U.S. mortgage insurance loss narrows

Reuters

Oct 29 (Reuters) - Life and mortgage insurer GenworthFinancial Inc's third-quarter profit rose three-folds aslosses narrowed in its U.S. mortgage insurance business.

Net profit rose to $108 million, or 22 cents per share, forthe third quarter ended Sept. 30, from $35 million, or 7 centsper share, a year earlier.

Loss in the company's U.S. mortgage insurance businessnarrowed to $3 million from $37 million.

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