Genworth’s Strong Regulatory Capital Position Supports Capital Initiatives
No-moat-rated Genworth’s fair value estimate of AUD 2.80 is unchanged following in-line first-half 2018 results. We still forecast underlying net profit after tax of AUD 100 million for 2018 after the company reported underlying NPAT for the half of AUD 50.3 million and statutory NPAT of AUD 41.9 million. We also continue to forecast ordinary and special dividends totalling AUD 24.5 cents per share in 2018, with the company declaring an ordinary interim 2018 dividend of AUD 8 cents and a special...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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