Genworth awarded Workplace Gender Equality Agency (WGEA) Employer of Choice citation
08 December 2016 - Genworth
Genworth is proud to be awarded the WGEA’s Employer of Choice for Gender Equality citation for the second consecutive year.
Genworth third quarter 2016 earnings
04 November 2016 - Genworth
Genworth Mortgage Insurance Australia Limited (Genworth or the Company) (ASX: GMA) reported statutory net profit after tax (NPAT) of $46.7 million and underlying NPAT of $47.4 million for the quarter ended 30 September 2016.
Ms Georgette Nicholas, Chief Executive Officer and Managing Director of Genworth, said, “The trends we saw develop in the first half of 2016 continued to impact our results for the third quarter. Overall, the high loan-to-value ratio (LVR) market is down and the mix of business in lower LVR bands is pressuring GWP.
Flexible working at Genworth
01 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.
Genworth announces first half earnings
03 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.
Genworth first quarter 2016 earnings
29 April 2016 - Genworth
Genworth Mortgage Insurance Australia Limited (Genworth or the Company) (ASX: GMA) reported statutory net profit after tax (NPAT) of $67.3 million and underlying NPAT of $61.8 million for the quarter ended 31 March 2016.
Ms Georgette Nicholas, Chief Executive Officer of Genworth, said, “Our first quarter results are largely in line with our expectations. We continue to see pressure on Gross Written Premium (GWP) levels due to changes in the mortgage market, specifically, a noticeable decline in the proportion of high loan-to-value ratio (LVR) loans originated and changes in lender risk appetite. 1Q16 results reflect continued good underwriting performance with a loss ratio of 27 per cent in line with our guidance and our overall levels of profitability remained strong.