GENWORTH FINANCIAL INC. has put long term care insurance on its list of products that are lagging behind expectations.
General Electric Company, Fairfield, Conn., spun off the Richmond, Va., financial services giant as a stand-alone company with a May stock offering.
Genworth argues that comparing its latest results with past results is tricky because of the many underwriting costs, accounting changes, business changes, and other changes and expenses resulting from the spin-off. The company prefers to talk about its pro forma net operating earnings, which at