Genworth Australia is a high-risk play on the Australian housing market.
We reaffirm our AUD 2.80 per share fair value estimate for Genworth Mortgage Insurance Australia, despite a better than expected trading update for quarter-ended Sept. 30, 2017. The mortgage insurer reported statutory NPAT of AUD 32.1 million and underlying NPAT of AUD 40.5 million for the quarter. We reduce our full-year 2017 loss rate to 36.5% from 42.5% previously following the better than expected 35.5% for the nine months to Sept. 30. Updated loss rate guidance of 35-40% improves from previ...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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