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Genworth Mortgage Insurance Australia Provides Presentation at 2022 Investor Day

16 Jun 2022  |  08:42:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: GMA 2022 Investor Day Presentation

Genworth Mortgage Insurance Australia provided a presentation at 2022 investor day. Recent investment returns negative but rising investment rates will lift ongoing returns and profitability. Nationally diverse in-force portfolio, capital cities (70%) and regional (30%). Rising interest rates and moderating house prices through 2022/ 2023 are expected to lead to higher delinquencies and claims. Lender credit quality has improved through self-regulation and responsible lending framework and Royal Commission findings. The balance sheet remains sound to withstand changing economic cycle. 24cps annual dividend projected sustainable.

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