Genworth Mortgage Insurance Reports a Weak Third-Quarter Result; FVE Reduced to AUD 3.20 per Share
No-moat-rated Genworth Mortgage Insurance Australia reported a weaker-than-expected third-quarter result with underlying net profit after tax, or NPAT, of AUD 47.4 million, down 19.3% on the previous corresponding period. The trends from first half have continued seeing the third quarter impacted by higher losses and lower new business volumes. The expense ratio was largely held flat.The company is guiding for the fiscal 2016 loss rate to be 35%, the top end of the previous guidance range of 25...
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.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.