News

Launch of report, The Deposit Gap Dilemma – The impact on Key Workers

07 April 2019 - Genworth

A research report issued by Genworth Mortgage Insurance Australia Limited and Teachers Mutual Bank Limited sheds light on the housing affordability pressures facing Sydney and Melbourne’s key workers - nurses, firefighters, teachers and ambulance officers.

The Report is the first of its kind in Australia and explores the impacts on key workers and the broader implications for Australia’s two largest cities.

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Genworth full year 2018 earnings

06 February 2019 - Genworth

Genworth Mortgage Insurance Australia Limited (Genworth or the Company) (ASX: GMA) today reported its 2018 full year (FY18) financial results. Statutory2 net profit after tax (NPAT) for the year ended 31 December 2018 was $75.7 million and Underlying3 NPAT was $93.9 million.

The Genworth Board declared a fully franked final ordinary dividend of 9.0 cents per share (cps) payable on 18 March 2019 to shareholders registered on 4 March 2019. The total dividend for 2018 was 21.0 cps fully franked (17.0 cps total ordinary dividend and 4.0 cps special dividend). This represents a payout ratio of 80.0%, up from 70.3% in 2017.

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Genworth third quarter 2018 earnings

31 October 2018 - Genworth

Genworth Mortgage Insurance Australia Limited (Genworth or the Company) (ASX: GMA) today reported statutory1 net profit after tax (NPAT) of $19.6 million and underlying2 NPAT of $20.4 million for the third quarter ended 30 September 2018 (3Q18).

Ms. Georgette Nicholas, Chief Executive Officer and Managing Director of Genworth, said, “Our 3Q18 result reflects the continued trends of softening cure rates from a moderating housing market, tightening credit standards and increases in mortgage interest rates. This has resulted in a more subdued seasonal uplift than has historically been experienced by our business.

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Genworth first half 2018 earnings

01 August 2018 - Genworth

Genworth Mortgage Insurance Australia Limited (Genworth or the Company) (ASX: GMA) today reported statutory1 net profit after tax (NPAT) of $41.9 million and underlying2 NPAT of $50.3 million for the half year ended 30 June 2018 (1H18).

The Genworth Board has declared a fully franked interim ordinary dividend of 8 cents per share and a fully franked special dividend of 4 cents per share both payable on 30 August 2018 to shareholders registered on 16 August 2018.

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Georgette Nicholas talks full year 2017 earnings and the property market with Ross Greenwood

08 February 2018 - Money News with Ross Greenwood

Listen to Genworth’s CEO, Georgette Nicholas, as she speaks with Ross Greenwood on 2GB Money News about Genworth’s full year 2017 earnings release and current trends in the housing market.

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Genworth full year 2017 earnings

07 February 2018 - Genworth

Genworth Mortgage Insurance Australia Limited (Genworth or the Company) (ASX: GMA) today reported its 2017 full year (FY17) financial results. Statutory net profit after tax (NPAT) for the year ended 31 December 2017 was $149.2 million and underlying NPAT was $171.1 million.

The Genworth Board declared a fully franked final ordinary dividend of 12 cents per share payable on 16 March 2018 to shareholders registered on 2 March 2018. The total ordinary dividend for 2017 was 24 cents per share and represents a payout ratio of 70.3%, up from 67.2% in 2016.

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