A Richmond, Va.-based financial services firm reported net income of $75 million for the fourth quarter of 2009, an increase from its net loss of $321 million for the same quarter in 2008.

Richmond, Va.-based Genworth Financial reported a net loss of $50 million in the second quarter, fueled in part by shrinking life insurance sales as people avoided universal life policies in …  Read →

Richmond, Va.-based Genworth Financial announced June 15 that it has retired the remaining balance on its 2009 long-term debt.

The company has repaid in full $331 million of its outstanding 4.75% …  Read →

If and when the U.S. Treasury Department decides to help life insurers through its Troubled Asset Relief Program, it won’t be assisting Genworth Financial.

The Richmond, Va.-based insurer was informed by …  Read →