Genworth Financial, Inc. (NYSE:GNW) Q4 2015 Earnings Conference Call - Final Transcript
Feb 05, 2016 • 08:00 am ET
Good morning, ladies and gentlemen, and welcome to the Genworth Financial's Fourth Quarter 2015 Earnings Conference Call. My name is Lauren, and I will be your coordinator today. At this time, all participants are in a listen-only mode. We will facilitate a question-and-answer session towards the end of this conference call. As a reminder, this conference is being recorded for replay purposes.
Also, we ask that you refrain from using cell phones, speaker phones or headsets during the Q&A portion of today's call. I would now like to turn the presentation over to Amy Corbin, Senior Vice President of Investor Relations. Ms. Corbin, you may proceed.
Thank you, operator. Good morning, everyone, and thank you for joining Genworth's fourth quarter 2015 earnings call. Our press release and financial supplement were released last evening. And this morning, our earnings presentation was posted to our website and will be referenced during our call. We encourage you to review all of these materials.
Today, you will hear from our President and Chief Executive Officer, Tom McInerney, followed by Kelly Groh, our Chief Financial Officer. Following our prepared comments, we will open the call up for a question-and-answer period. In addition to our speakers, Kevin Schneider, Chief Operating Officer; and Dan Sheehan, Chief Investment Officer will be available to take your questions.
During the call this morning, we may make various forward-looking statements. Our actual results may differ materially from such statements. We advise you to read the cautionary notes regarding forward-looking statements in our earnings release and related presentation as well as the risk factors of our most recent Annual Report on Form 10-K and our quarterly Form 10-Qs as filed with the SEC.
This morning's discussion also includes non-GAAP financial measures that we believe may be meaningful to investors. In our financial supplement, earnings release and investor materials, non-GAAP measures have been reconciled to GAAP, where required in accordance with SEC rules. Also, when we talk about the results of our international businesses, please note that all percentage changes exclude the impact of foreign exchange. And finally, references to statutory results are estimates, due to the timing of the filing of the statutory statements.
And now, I'll turn the call over to our CEO, Tom McInerney.
Thomas J. McInerney
Thank you, Amy, and good morning, everyone. Today, I'd like to provide perspectives in three areas. First, progress against our 2015 goals, second, our strategic focus for 2016, and third, our fourth quarter financial results. I will then turn the call over to Kelly to provide more details on the results of the quarter, the annual assumption and margin analysis, and overall liquidity and capital management.
As we all know, markets continue to be volatile, driven by slowing global growth, low oil and commodity prices, the strengthening US. dollar and concerns about China. Despite the increasingly challenged macro environment and our mixed operating results in the quarter, we remain focused on our key priorities to maintain solid capital ratios, reduce debt levels, enhance holding Company liquidity, and