Genworth Financial Inc. Q1 2023 Earnings Call

This business includes a digital platform, where those in need of long term care can search for caregiving services compare local care options and match with our quality of care provider through our preferred network of high quality senior care providers that we are building in this first phase of the Carescout strategic plan.

Our blocks with a net premium ratio below 100% of profit or margin. So we expect more modest earnings impacts from these cohorts on a quarterly basis as we evaluate actual experience.

But the unprofitable policy cohorts, which we think about is having no margin. The net premium ratio is capped at 100% and the full impact of the actual to expected differences will hit the bottom line.