Clarification: Genworth ratings story

Clarification: Genworth ratings story

CHICAGO — In a story Aug. 6 about Genworth Financial Inc., The Associated Press reported that Fitch estimates Genworth’s life insurance companies will lose $800 million over the next 12 to 18 months, but that they are manageable because of the company’s capital base and statutory earnings. The story should have specified that Fitch’s projections involved a stress scenario, and that the potential $800 million in losses would be investment losses.