Genworth Financial (NYSE: GNW) says it will pursue asset sales, as the insurance provider faces continued losses, a volatile bond market and upcoming debt repayments. Genworth also plans to shut down two of its product lines and separate another, the company said during its fourth-quarter earnings call.

Richmond, Va.-based Genworth reported a net loss of $292 million for the fourth quarter of 2015, lower than the $760 million net loss reported for the same period in 2014. Its total net loss for the year was $625 million, about half the $1.2 billion hit reported for 2014.

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