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Genworth Financial Inc. (NYSE:GNW): Current Price: $9.06
The company announced a comprehensive U.S. Mortgage Insurance capital plan that should lower Genworth Mortgage Insurance Company’s, which is the company’s main U.S. mortgage insurance subsidiary, risk-to-capital by about 12 to 15 points. The plan should also reduce the probability that the U.S. mortgage insurance subsidiaries will require more capital in the near future, ensure the continued ability to write new business, and minimize the risk of a default under the indenture governing Genworth’s senior notes.
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