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Genworth Mortgage Insurance Australia Announces First Half 2021 Results

04 Aug 2021  |  08:32:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 1H21 Earnings Release

Genworth Mortgage Insurance Australia reported its financial results for the half year ending 30 June 2021 (1H 2021). The Company reported an Underlying net profit after tax (NPAT) of $76.4m, underpinned by an underwriting result of $87.7m. The Company's Statutory NPAT of $59.4m reflects this underwriting result, partially offset by unrealised mark to market investment losses from a rise in Government bond rates. The Company Board has declared an unfranked interim ordinary dividend of 5.0 cps payable on 31 August 2021 to shareholders registered as at 18 August 2021.

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