News

Appointment CEO and CFO

03 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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Genworth response to ATO corporate tax transparency report

17 December 2015 - Genworth

Genworth Mortgage Insurance Australia Limited (GMA) provides the following update with respect to the Australian Taxation Office (ATO) corporate tax transparency report released today.

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Genworth Australia third quarter 2015 earnings

30 October 2015 - Genworth

Genworth Mortgage Insurance Australia Limited (ASX: GMA) reported statutory net profit after tax (NPAT) of $65.5 million and Underlying NPAT of $58.7 million for the quarter ended 30 September 2015.

Georgette Nicholas, Acting Chief Executive Officer of GMA, said, “The business performed in line with our expectations in the third quarter and we are on track to achieve our full year 2015 guidance. Our financial results demonstrate our resilience and strength in the face of a dynamic economy and mortgage market.

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National homebuyer confidence at post-GFC high

29 September 2015 - Genworth

The Genworth Homebuyer Confidence Index (HCI) has risen for a third consecutive period since March 2014. The HCI considers the proportion of monthly income used to service debt, the maximum loan-to-value ratio borrowers are comfortable with, their repayment history over the last 12 months and expectations for the next 12 months and whether respondents think it is a good time to buy property.

The 11th edition of Genworth's Streets Ahead reports that respondent's attitudes remain positive towards property. 

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Genworth Australia 1H 2015 Earnings

05 August 2015 - Genworth

Genworth Mortgage Insurance Australia Limited (GMA) reported statutory net profit after tax (NPAT) of $113 million for the half year ended 30 June 2015, a 25.4 per cent decrease on the previous corresponding period (pcp). Underlying NPAT for the half of $132.9 million was steady on the pcp.

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Re-evaluating LMI

01 June 2015 - Australian Securitisation Journal

Australian Residential Mortgage-Backed Securities (RMBS) have historically benefited from the additional credit support of Lenders Mortgage Insurance (LMI). Providers explain why LMI continues to play an important role in supporting the market's robustness - despite a re-examination of the role of mortgage insurance.

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