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Genworth Mortgage Insurance Australia Announces Financial Results For 2018

06 Feb 2019  |  10:06:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY18 Earnings Release

Genworth Mortgage Insurance Australia announced financial Results For 2018. In which it stated statutory net profit after tax for the year ended 31 December 2018 was $75.7m and Underlying NPAT was $93.9m. Further, it declared a fully franked final ordinary dividend of 9.0 cps payable on 18 March 2019 to shareholders registered on 4 March 2019. The total dividend for 2018 was 21.0 cps fully franked This represents a payout ratio of 80.0%, up from 70.3% in 2017.

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