Unit long-term care insurance is the branch provides coverage for the costs of care and support and home nursing home. Specific businesses already struggling with significant damages and costs, including policyholders were larger than what was predicted by the insurer. In announcing the most recent earnings from Genworth, it accounts liked his intention "to begin a series of internal restructuring actions to its separation and isolation (long term care) now, depending on the potential regulatory and third party approval. " The insurance company based in Henrico County, Virginia, and has two locations. Together, they use more than 1,000 people, according to the August 2015 announcement of fourth quarter losses occurred on the heels of the implementation costs have ramifications for life insurance as well as from the sale of their business with in Europe European mortgage. They all said, the damage reported by the company came to 292 million, which is equivalent to $ 0.59 per share, in the final quarter of last year. Comparatively, in the last quarter of 2015 saw losses of $ 760 million, which translated to $ 1.53 per share, at the time.
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