December 6th, 2013
By Allison Bell
Executives at Genworth Financial Inc. (NYSE:GNW) held a conference call Wednesday to sell shareholders and securities analysts on the idea that staying in the long-term care insurance (LTCI) makes sense.
Some analysts have written about insurers’ LTCI units in recent years as if they were radioactive.
Tom McInerney, Genworth’s president, said during the call that, after a long review, the company wants to stay in the LTCI business.