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Genworth issues risk-based capital ratio estimates for life insurance companies

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Genworth issues risk-based capital ratio estimates for life insurance companies

Genworth Financial Inc. has disclosed the expected risk-based capital ratio for its U.S. life insurance companies for the year ended Dec. 31, 2017.

The company is expecting the action level risk-based capital ratio for Genworth Life Insurance Co. of New York to be between 280% and 290% as of year-end 2017.

For Genworth Life & Annuity Insurance Co., the risk-based capital ratio is expected to be between 420% and 430% as of year-end 2017.

Additionally, as of year-end 2017, the risk-based capital ratio for Genworth Life Insurance Co. is expected to be between 280% and 290%. The estimate includes an approximate 20-point net reduction from 2017 tax reform.