The company’s financial results and stock value have been hurt by problems in its long-term care insurance business, which provides insurance for nursing home or at-home care.

Genworth has faced higher-than-expected claims in long-term care insurance, forcing it to set aside money for costs.

Genworth announced separately on Sunday that it expects to increase long-term care claim reserves by about $400 million to $450 million, pre-tax, resulting in an after-tax charge to earnings of $260 million to $300 million for its fiscal third quarter.

The company has faced problems since the housing market collapse and economic recession, which hurt its mortgage insurance business and sent the company’s stock price tumbling.

While that business has been recovering, Genworth’s long-term care insurance division has struggled with losses resulting from a confluence of factors, including a low interest rate environment that has hurt returns for many insurers.

Long-term care insurance “provides a tremendous value to individuals and families,” McInerney said in an interview in June. He added that the company has paid more than $10 billion in claims over the years to policyholders suffering from illnesses — often dementia-related — that require them to have nursing care.