"We're in the early stages of talking to players who might be interested in the GLAIC entity," McInerney said.
He said he expected a "significant loss" on the sale of the company's lifestyle protection business, which offers credit-linked insurance against illness, accident, unemployment, disability and death.
Genworth reported a profit for the first quarter on Tuesday after posting losses in the prior two quarters due to charges related to its long-term care business.
Genworth Considers Strategic Options, Including Going Private
April 29, 2015
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So, is this their final plan? And what are those other strategic options? I am dead curious to witness their next strategy. I am hoping they will surpass these challenges before the year's end. Genworth is one of the best ltc insurance providers that I will surely bank on, no matter what issues they are facing. If what they offer secures biggest threats in financial plan, definitely, they will resolve guaranteed returns, too. Linda R. Cascio Valley Street Camden, NJ https://www.infolongtermcare.org/long-term-care-insurance-information/