Genworth Mortgage Insurance Australia

Genworth Australia is a provider of lenders mortgage insurance (LMI) under authorisation from Australian Prudential Regulation Authority. Co. provides three LMI products: Standard LMI, Homebuyer Plus and Business Select/Low Doc. Co. maintains commercial relationships with over 105 lender customers across Australia.
  • TickerGMA
  • ISINAU000000GMA5
  • ExchangeAustralian Securities Exchange
  • SectorFinancial Services
  • CountryAustralia

An unfavourable environment weighs on GENWORTH MGE.IN.AUS.LTD., which sees a downgrade to Negative

The independent financial analyst theScreener just requalified the general evaluation of GENWORTH MGE.IN.AUS.LTD. (AU), active in the Property & Casualty Insurance industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date June 30, 2020, the closing price was AUD 2.07 and its target price was estimated at AUD 1.41.

Genworth Mortgage Insurance Australia Ltd: 1 director bought

A director at Genworth Mortgage Insurance Australia Ltd bought 26,000 shares at 2.060AUD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Chanaka Gunasekera

Morningstar | Genworth’s Stronger 1Q19 Earnings Hide Higher Delinquencies, FVE Unchanged

Stronger investment markets helped no-moat Genworth generate impressive first-quarter 2019 earnings. Statutory net profit after tax, or NPAT, was materially higher at AUD 47.8 million, compared with AUD 8.4 million in first-quarter 2018. An unrealised gain of AUD 25.5 million on its investment portfolio was the primary driver of the big jump in earnings. Underlying NPAT was also higher but by a more moderate, albeit still impressive, 12.1% to AUD 22.3 million. Underlying NPAT also benefited from the firm’s investment portfolio generating an aftertax realised gain of AUD 3.5 million. However, t...

Chanaka Gunasekera

Morningstar | Genworth’s Stronger 1Q19 Earnings Hide Higher Delinquencies, FVE Unchanged

Genworth is Australia's largest lenders mortgage insurer, with about 30% market share. Banks typically use LMI on home loans with loan/value ratios over 80% to manage default risk. The insurer is a high-risk play on Australia’s housing market, given its exposure to the riskiest housing loans. The U.S. housing crash illustrates the leverage of LMI to a severe economic downturn. We expect Genworth to face increasing earnings pressure from lower new business volumes and higher delinquencies, but do not expect Australia to suffer the same fate as the U.S., given strongly capitalised banks, tighter...

Genworth Mortgage Insurance Australia Ltd: 1 director bought

A director at Genworth Mortgage Insurance Australia Ltd bought 26,000 shares at 2.060AUD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing...