- 30,534
Without a doubt. Changing the oil every 3,500 miles..,I've always heard that's the single most important thing to do for a car's engine.
Genworth Acquisition
- Thread starter scoop_1974
- Start date
Without a doubt. Changing the oil every 3,500 miles..,I've always heard that's the single most important thing to do for a car's engine.
Really??????????????
he is old school, jack.
he thinks everybody has to have partnership and he lives in CA.
How many Partnership policies will be sold in CA this year? 115?
Arthur Rudnick
Guru
- 1,652
originally posted by ltcadviser
That's about 114 more than NY.
That's about 114 more than NY.
So, a Genworth policyholder read about the sale and she wants to buy an additional policy just in case Genworth goes under. How does everyone here feel about the likelihood that Genworth becomes insolvent and goes belly up? High likelihood? Small likelihood?
less than 1%.
current annual premium is about $2.5 billion, right?
Current claims are about $1.5 billion, right?
LTCi reserves are about $20 billion, right?
They must earn close to $1 billion on the reserves each year. Just the earnings on the reserves pays for most of the claims each year.
With that much in renewal premium and that much in reserves it would take a few decades to "run out of money".
less than 1% is incorrect.
less than .1% is more accurate.
Arthur Rudnick
Guru
- 1,652
originally posted by Mr_Ed
Pretty rich, successful & profitable company according to you.
Then please explain a few things, if you'd be so kind:
1) With all the money just sitting around (billions) what's the reason for so many rate increases (some up to 90%) almost every year for the past 8?
2) How come Genworth's stock price, which was $18.00/share 5 years ago is trading at $4.32/share today and was as low as $1.32/share within the past 12 months?
3) Home come their stock is rated a 'D' (Sell) by stock analysts?
4) How come their bonds are rated "Junk"?
5) How come their Comdex ratings are 53?
Just so many questions and as usual, I'm sure you just don't have enough time to answer them. But that's OK Scott, I think I proved my point
Pretty rich, successful & profitable company according to you.
Then please explain a few things, if you'd be so kind:
1) With all the money just sitting around (billions) what's the reason for so many rate increases (some up to 90%) almost every year for the past 8?
2) How come Genworth's stock price, which was $18.00/share 5 years ago is trading at $4.32/share today and was as low as $1.32/share within the past 12 months?
3) Home come their stock is rated a 'D' (Sell) by stock analysts?
4) How come their bonds are rated "Junk"?
5) How come their Comdex ratings are 53?
Just so many questions and as usual, I'm sure you just don't have enough time to answer them. But that's OK Scott, I think I proved my point
Arthur,
Would you advise your clients that you sold Genworth policies to 2004-2012 to bail?
Would you advise your clients that you sold Genworth policies to 2004-2012 to bail?
