Latest news

Genworth joins Stone & Chalk as corporate partner

15 December 2016 - Genworth

Genworth announced its partnership with Stone & Chalk, an independent, not-for-profit fintech hub whose overarching objective is to help foster and accelerate the development of world-leading fintech start-ups.

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Genworth awarded Workplace Gender Equality Agency (WGEA) Employer of Choice citation

8 December 2016 - Genworth

Genworth is proud to be awarded the WGEA’s Employer of Choice for Gender Equality citation for the second consecutive year.

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Flexible working at Genworth

November 2016 - Genworth

At Genworth, we are proud of our commitment to providing flexible work arrangements for our employees. Our employees have told us that having the ability to work flexibly allows them to better balance work and personal commitments, and because of this they are happier, more engaged and more productive in their roles. To learn more about how we are making flexible work arrangements work in our business please watch our Working Flexibly at Genworth video

Genworth Financial Inc. announces acquisition by China Oceanwide

24 October 2016 - Genworth

Genworth Mortgage Insurance Australia Limited (Genworth Australia) (ASX: GMA) has been advised that Genworth Financial, Inc. and China Oceanwide Holdings Group Co., Ltd. have entered into a definitive agreement under which China Oceanwide has agreed to acquire all of the outstanding shares of Genworth Financial, Inc. for a total transaction value of approximately US$2.7 billion, or US$5.43 per share in cash, subject to approval by Genworth Financial, Inc.’s stockholders as well as other closing conditions, including the receipt of required regulatory approvals.

Upon completion of the transaction, Genworth Financial, Inc. will be a standalone subsidiary of China Oceanwide. Genworth Australia understands that Genworth Financial, Inc. intends to maintain its existing portfolio of businesses, including Genworth Australia.

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Genworth announces first half earnings

3 August 2016 - Genworth

Genworth Mortgage Insurance Australia Limited (ASX: GMA) reported statutory1 net profit after tax (NPAT) of $135.8 million and underlying2 NPAT of $112.9 million for the half year ended 30 June 2016.

The Genworth Board declared a fully franked interim ordinary dividend of 14.0 cents per share and a fully franked special dividend of 12.5 cents per share, both payable on 31 August 2016 to shareholders registered on 17 August 2016. The ordinary dividend represents a payout ratio of 63.2 per cent, up from 61.2 per cent in 1H15.

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National homebuyer confidence remains strong; dips for first time since March 2014

31 March 2016 - Genworth

Now in its sixth year, Streets Ahead tracks the Genworth Homebuyer Confidence Index (HCI), a measure of consumer sentiment towards the housing and mortgage market.

The Genworth HCI remains near record levels, despite easing over the past six months. The decrease in the was mainly driven by an 11 per cent increase in the proportion of homeowners who have experienced mortgage stress, a 13 per cent increase in the proportion of homeowners who expect mortgage stress and a 13 per cent decrease in the proportion of respondents who believe now is a good time to buy a home.

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Genworth launches second edition of It's My Home

29 February 2016 - Genworth

Today Genworth launched its second edition of It’s My Home magazine following overwhelming demand from mortgage brokers for the 2015 edition. The magazine, targeting first homebuyers, provides a handy guide for those navigating the homebuying process for the first time and is available exclusively through Genworth’s broker partners.

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Genworth Australia Full Year 2015 Earnings

5 February 2016 - Genworth

Genworth Mortgage Insurance Australia Limited (GMA) reported statutory net profit after tax (NPAT) of $228.0 million for the full year ended 31 December 2015, a 29.7 per cent decrease on the previous corresponding period (pcp). Underlying NPAT for the year of $264.7 million declined 5.3 per cent on the pcp.

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Appointment CEO and CFO

3 February 2016 - Genworth

The Board of Genworth Mortgage Insurance Australia Limited (GMA) today announced that Ms Georgette Nicholas has been appointed Chief Executive Officer following the completion of an extensive global executive search. It is intended that Ms Nicholas will be appointed to the Board in due course. The Board also announced that Mr Luke Oxenham has been appointed Chief Financial Officer. Both appointments are effective as of 3 February 2016.

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