Genworth MI Canada Inc. reported its second quarter 2017 results. Key highlights included:
- Premiums written of $170 million, up 33% quarter-over-quarter but down 32% year-over-year.
- A loss ratio of 3%, driven by lower new delinquencies and favourable loss reserve development.
- Operating net income of $126 million, up 17% quarter-over-quarter and 28% year-over-year.
- Ongoing capital strength with a Minimum Capital Test ratio of 167%.
Genworth MI Canada Inc. reported its third quarter 2017 results. Key highlights included:
- Operating EPS increased 8% year-over-year to $1.23 per share.
- Net operating income decreased 11% quarter-over-quarter to $112 million.
- New insurance written decreased 9% year-over-year to $202 million due to a smaller high loan-to-value origination market from the mortgage stress test.
- Portfolio quality remains strong with credit scores and home prices stable.
- Genworth MI Canada reported its first quarter 2017 results, with net operating income up 17% year-over-year to $107 million. Premiums written increased 9% year-over-year to $127 million. The loss ratio was 15%, down from 24% in the first quarter of 2016.
- New insurance written decreased year-over-year due to smaller high loan-to-value origination markets following regulatory changes in the fourth quarter of 2016. Premium rate increases implemented in March 2017 are expected to boost premiums written for the rest of 2017 and future years.
- Portfolio quality remains strong, with the average credit score steady at 745 and low exposure to loans with multiple risk factors. The
- Genworth MI Canada reported financial results for Q1 2016, with premiums written down 45% quarter-over-quarter due to targeted underwriting changes and a smaller transactional insurance market. The loss ratio was 24%, up slightly from the previous quarter.
- Key themes for 2016 include new capital standards for mortgage insurers being implemented in 2017, a focus on underwriting quality, and moderately lower premiums written with expected growth of over 5% in premiums earned.
- The portfolio quality of new insurance written continues to improve compared to 2007/08 levels, with steadily rising credit scores and stable debt servicing ratios.
This document discusses Genworth MI Canada Inc., a residential mortgage insurer in Canada. It provides the following information:
- Genworth has a proven business model as the largest private residential mortgage insurer in Canada. It has helped over 1 million families achieve homeownership.
- For 2016, Genworth expects regulatory changes, a modestly smaller mortgage originations market, and economic factors like low oil prices to impact its business. It forecasts moderately lower total premiums written but modest growth in premiums earned.
- Genworth maintains a strong financial position with a 2015 loss ratio of 21% and capital ratio of 233%. It expects its 2016 loss ratio to be in the range of 25-40% given economic assumptions.
Genworth MI Canada Inc. reported its fourth quarter and full year 2017 results. Key highlights included:
- Premiums written decreased 13% year-over-year for the full year to $663 million.
- The loss ratio decreased 12 points year-over-year to 10% for the full year.
- Net operating income increased 20% year-over-year and operating EPS increased 21% for the full year.
- The MCT ratio remained strong at 168% as of December 31, 2017.
Genworth MI Canada Inc. reported its fourth quarter 2016 results. Key highlights included:
- Net operating income increased 11% year-over-year to $105 million, with an 18% loss ratio.
- Premiums written decreased 20% year-over-year to $171 million due to lower new insurance written.
- Book value per share grew 7% year-over-year to $39.28.
- The company expects its 2017 full year loss ratio to be between 25-35%.
Genworth MI Canada Inc. reported its fourth quarter 2015 results. Key highlights included:
- Premiums written decreased 18% quarter-over-quarter but increased 20% year-over-year.
- The loss ratio was 23% for the quarter, up 2 percentage points from the prior quarter.
- Operating income increased 3% year-over-year to $95 million for the quarter.
- Book value per share increased 5% year-over-year to $36.82.
Genworth MI Canada Inc. reported its second quarter 2018 results. Key highlights included:
- Premiums written increased modestly year-over-year due to higher average premium rates, partly offset by lower portfolio insurance premiums.
- The loss ratio was 14%, reflecting a stable macroeconomic environment.
- Net operating income was consistent quarter-over-quarter as higher investment income offset higher losses on claims.
- Book value per share grew 7% year-over-year to $44.40, demonstrating ongoing capital strength.
Genworth MI Canada Inc. reported its third quarter 2017 results. Key highlights included:
- Operating EPS increased 8% year-over-year to $1.23 per share.
- Net operating income decreased 11% quarter-over-quarter to $112 million.
- New insurance written decreased 9% year-over-year to $202 million due to a smaller high loan-to-value origination market from the mortgage stress test.
- Portfolio quality remains strong with credit scores and home prices stable.
- Genworth MI Canada reported its first quarter 2017 results, with net operating income up 17% year-over-year to $107 million. Premiums written increased 9% year-over-year to $127 million. The loss ratio was 15%, down from 24% in the first quarter of 2016.
- New insurance written decreased year-over-year due to smaller high loan-to-value origination markets following regulatory changes in the fourth quarter of 2016. Premium rate increases implemented in March 2017 are expected to boost premiums written for the rest of 2017 and future years.
- Portfolio quality remains strong, with the average credit score steady at 745 and low exposure to loans with multiple risk factors. The
- Genworth MI Canada reported financial results for Q1 2016, with premiums written down 45% quarter-over-quarter due to targeted underwriting changes and a smaller transactional insurance market. The loss ratio was 24%, up slightly from the previous quarter.
- Key themes for 2016 include new capital standards for mortgage insurers being implemented in 2017, a focus on underwriting quality, and moderately lower premiums written with expected growth of over 5% in premiums earned.
- The portfolio quality of new insurance written continues to improve compared to 2007/08 levels, with steadily rising credit scores and stable debt servicing ratios.
This document discusses Genworth MI Canada Inc., a residential mortgage insurer in Canada. It provides the following information:
- Genworth has a proven business model as the largest private residential mortgage insurer in Canada. It has helped over 1 million families achieve homeownership.
- For 2016, Genworth expects regulatory changes, a modestly smaller mortgage originations market, and economic factors like low oil prices to impact its business. It forecasts moderately lower total premiums written but modest growth in premiums earned.
- Genworth maintains a strong financial position with a 2015 loss ratio of 21% and capital ratio of 233%. It expects its 2016 loss ratio to be in the range of 25-40% given economic assumptions.
Genworth MI Canada Inc. reported its fourth quarter and full year 2017 results. Key highlights included:
- Premiums written decreased 13% year-over-year for the full year to $663 million.
- The loss ratio decreased 12 points year-over-year to 10% for the full year.
- Net operating income increased 20% year-over-year and operating EPS increased 21% for the full year.
- The MCT ratio remained strong at 168% as of December 31, 2017.
Genworth MI Canada Inc. reported its fourth quarter 2016 results. Key highlights included:
- Net operating income increased 11% year-over-year to $105 million, with an 18% loss ratio.
- Premiums written decreased 20% year-over-year to $171 million due to lower new insurance written.
- Book value per share grew 7% year-over-year to $39.28.
- The company expects its 2017 full year loss ratio to be between 25-35%.
Genworth MI Canada Inc. reported its fourth quarter 2015 results. Key highlights included:
- Premiums written decreased 18% quarter-over-quarter but increased 20% year-over-year.
- The loss ratio was 23% for the quarter, up 2 percentage points from the prior quarter.
- Operating income increased 3% year-over-year to $95 million for the quarter.
- Book value per share increased 5% year-over-year to $36.82.
Genworth MI Canada Inc. reported its second quarter 2018 results. Key highlights included:
- Premiums written increased modestly year-over-year due to higher average premium rates, partly offset by lower portfolio insurance premiums.
- The loss ratio was 14%, reflecting a stable macroeconomic environment.
- Net operating income was consistent quarter-over-quarter as higher investment income offset higher losses on claims.
- Book value per share grew 7% year-over-year to $44.40, demonstrating ongoing capital strength.
ADP reported solid results for the 1st quarter of fiscal year 2017, with 7% revenue growth and strong margin expansion. Revenues increased 7% as reported and 8% on a constant currency basis. Adjusted EBIT margin increased 230 basis points. New business bookings for PEO services were flat compared to the prior year when excluding a single client loss in the consumer health spending account business. ADP reaffirmed its fiscal year 2017 guidance for revenue growth of 7-8% and adjusted diluted EPS growth of 11-13%.
Genworth MI Canada reported its Q2 2016 results. Key highlights included:
- Premiums written increased 113% quarter-over-quarter due to higher portfolio insurance volumes and seasonality.
- The loss ratio was 21%, down from 24% last quarter, driven by typical seasonal factors and improvements in Quebec.
- Net operating income increased 8% quarter-over-quarter to $99 million, driven by higher premiums earned and lower losses on claims.
- The MCT ratio remained strong at 233%, down slightly from last quarter but up from the prior year.
Genworth MI Canada Inc. reported its first quarter 2018 results. Key highlights included:
- Premiums written decreased 9% year-over-year due to lower portfolio insurance premiums, but transactional premiums increased 22% from a higher average premium rate.
- Net income increased 20% year-over-year to $128 million.
- Operating earnings per share increased 12% year-over-year to $1.31.
- The mortgage insurer maintained a strong capital position with an MCT ratio of 170%.
Visa inc. Q3 2017 financial results conference call presentationvisainc
Visa reported strong fiscal third quarter 2017 financial results, with net income of $2.1 billion and net operating revenue growth of 26%. Payments volume grew 25% nominally, driven by inclusion of Europe and continued growth. Visa returned $2.1 billion to shareholders in the form of share repurchases and dividends. For fiscal full-year 2017, Visa expects net revenue growth of approximately 20% and operating margin in the mid-60s.
Visa inc. q4 and fy 2017 financial results conference call presentationvisainc
- Visa reported strong fiscal fourth quarter 2017 financial results, with net income of $2.1 billion and net operating revenues increasing 14% to $4.9 billion, driven by continued growth in payments volume, cross-border volume, and processed transactions.
- Payments volume grew 24% nominally and 39% on a constant dollar basis for the quarter ended June 2017 compared to the prior year. Total cards increased 20% to over 3.1 billion.
- Operating margin was 66% for the fourth quarter of 2017 compared to 64% adjusted non-GAAP for the prior year, as operating expenses grew at a slower rate than net operating revenues.
Genworth MI Canada Inc. reported its third quarter 2016 results. Key highlights included:
- Premiums written decreased 10% quarter-over-quarter and 14% year-over-year due to lower transactional insurance volumes.
- The loss ratio increased to 25% due to a rise in new delinquencies primarily in oil-producing regions of Alberta and Quebec.
- Net operating income decreased 6% quarter-over-quarter primarily due to higher losses on claims, though it was up 1% year-over-year.
Genworth MI Canada Inc. reported its third quarter 2018 results. Key highlights included:
- Total premiums written decreased modestly year-over-year due to a smaller mortgage market size and lower average premium rates.
- Net operating income was up quarter-over-quarter primarily due to higher investment income.
- The company maintained a strong capital position with an MCT ratio of 171% and book value per share growth of 7% year-over-year.
- The insurance portfolio quality remained strong with average borrower credit scores of 748 and low levels of high risk loans.
ADP reported financial results for the third quarter of fiscal year 2017. Total revenues increased 5% to $3.2 billion, while pretax earnings from continuing operations increased 12% to $0.79 billion. Diluted earnings per share from continuing operations increased 4% to $1.17. The company also provided an outlook for fiscal year 2017, forecasting 6% revenue growth and an increase in adjusted diluted EPS from continuing operations of 13-14%.
- WestRock reported Q3 2017 results with adjusted earnings per share of $0.74 and adjusted free cash flow of $473 million.
- They achieved $94 million in productivity initiatives and expect a synergy and performance improvement run-rate of $825 million by the end of Q4 2017.
- Guidance for fiscal year 2017 includes reaffirming adjusted free cash flow of $1.2 billion and estimating capital expenditures of $750 million.
- Discover Financial reported first quarter 2017 financial results, with diluted EPS of $1.43, up 6% year-over-year. Revenue grew 5% to $2.3 billion due to an 8% increase in net interest income, partially offset by higher rewards expense. Credit performance remained stable compared to historical levels.
Q317 nielsen-earnings webcast-v3 10.24 post meeting (1)nielsen_holdings
Nielsen reported financial results for the third quarter of 2017. Total revenue increased 4.5% year-over-year to $1.641 billion. Net income grew 12.3% to $146 million. The Watch segment saw strong revenue growth of 9.7% driven by gains in audience measurement and marketing effectiveness. However, the Buy segment faced challenges with revenue declining 2.1% as growth in emerging markets was offset by weakness in developed markets like the US. Nielsen maintained its full-year 2017 guidance targets.
Visa inc. q2 2017 financial results conference call presentationvisainc
- Visa reported strong fiscal second quarter 2017 financial results, with adjusted net income of $2.1 billion excluding special items related to the Visa Europe reorganization.
- Net operating revenue increased 23% to $4.5 billion, driven by the inclusion of Europe and continued growth in payments volume, cross-border volume, and processed transactions.
- The company returned approximately $2.1 billion to shareholders in the form of share repurchases and dividends in the fiscal second quarter.
- Discover Financial reported quarterly net income of $546 million, down 11% year-over-year, with revenue growth of 9% and earnings per share of $1.40.
- Loan balances grew 8% year-over-year led by credit cards and personal loans, while net interest margin expanded 17 basis points.
- Operating expenses rose just 1% despite higher loan volumes, and the company executed $2.23 billion in planned capital returns including dividend increases and share repurchases.
- Credit performance trends showed net charge-off rates increasing compared to a year ago but within expectations.
General investor presentation september 2017irbgcpartners
BGC Partners provides an overview of its Financial Services segment. The segment includes voice/hybrid brokerage and fully electronic trading (FENICS). In 2Q 2017, voice/hybrid accounted for 87% of segment revenues and pre-tax distributable earnings were up 38% year-over-year with margins expanding over 500 basis points. Product revenues were diversified across rates, foreign exchange, credit, and other asset classes. BGC expects regulatory reform, rising interest rates, and a growing global economy to drive further opportunities in Financial Services.
This document provides Nielsen's financial results for the second quarter of 2017. Key points include:
- Total revenue grew 3.0% year-over-year to $1.644 billion. Net income increased 15.9% to $131 million.
- On a non-GAAP basis, core revenue grew 7.6% to $1.579 billion and adjusted EBITDA increased 4.9% to $512 million.
- The Watch segment saw strong 10.9% revenue growth, driven by growth in audience measurement and marketing effectiveness. The Buy segment declined 1.8% due to challenges in the US market, though emerging markets grew 10%.
Wrk mar 2017 investor presentation finalir_westrock
- WestRock is presenting an investor presentation in March 2017.
- The presentation provides forward-looking statements and guidance for future periods regarding synergies, financial results, and acquisitions.
- It discusses WestRock's track record of execution on synergies, recent and planned M&A activity, and financial metrics for Q1 2017.
Global fixed income attracted $2.6 billion in net inflows this quarter, an improvement from prior quarters. Overall retail flows continue to improve following improved investment performance. International retail flows showed the greatest rebound, attracting net inflows for the second consecutive quarter. Financial results strengthened as operating income increased 2% due to higher average assets under management and expense management. The company continued share repurchases and dividends, totaling $1.3 billion over the last twelve months.
Delta held its annual Investor Day in 2016 to review performance and strategy. The presentation discussed Delta's focus on achieving positive unit revenue growth through disciplined capacity management and revenue initiatives. Delta also aims to sustain its revenue premium over competitors by investing in products customers value and better segmenting customers. Delta leverages strong partnerships to expand its global network and access new markets.
This document provides a summary of Nielsen's Q1 2017 earnings results. Key points include:
- Revenue was $1.53 billion, up 3.2% in constant currency. Watch segment revenue grew 11.1% driven by total audience and Gracenote. Buy segment revenue declined 3.7% with challenges in developed markets.
- Adjusted EBITDA was $422 million, up 4.7% in constant currency.
- Nielsen reiterated its full-year 2017 guidance.
Amg investor presentation november 2014 finaljdiluzio
The document is an investor presentation for AMG Advanced Metallurgical Group N.V. It provides an overview of AMG, including its business segments of AMG Processing, AMG Mining, and AMG Engineering. Key financial highlights are presented, showing AMG's revenue, EBITDA, gross profit, and progress on reducing debt and improving cash flow. The presentation contains forward-looking statements and disclaimers around the information provided.
Genworth MI Canada reported its financial results for the second quarter of 2015. Premiums written increased 57% quarter-over-quarter and 28% year-over-year to $205 million due to higher premium rates, market share gains, and a larger origination market. The loss ratio improved to 17%, down 5 percentage points from the previous quarter. Net operating income was $92 million, down 5% from the previous quarter primarily due to a one-time tax adjustment in Q1 2015. The company maintained a strong capital position with an MCT ratio of 231%.
Genworth MI Canada Inc. provides mortgage default insurance primarily in Canada. In Q1 2016, the company saw a decline in new insurance written and net premiums written compared to the previous year, constrained by targeted underwriting changes and a smaller transactional insurance market. The loss ratio in Q1 2016 was 24%, within the company's expected range. Genworth maintains a strong capital position with a minimum capital test ratio of 234% as of Q1 2016.
ADP reported solid results for the 1st quarter of fiscal year 2017, with 7% revenue growth and strong margin expansion. Revenues increased 7% as reported and 8% on a constant currency basis. Adjusted EBIT margin increased 230 basis points. New business bookings for PEO services were flat compared to the prior year when excluding a single client loss in the consumer health spending account business. ADP reaffirmed its fiscal year 2017 guidance for revenue growth of 7-8% and adjusted diluted EPS growth of 11-13%.
Genworth MI Canada reported its Q2 2016 results. Key highlights included:
- Premiums written increased 113% quarter-over-quarter due to higher portfolio insurance volumes and seasonality.
- The loss ratio was 21%, down from 24% last quarter, driven by typical seasonal factors and improvements in Quebec.
- Net operating income increased 8% quarter-over-quarter to $99 million, driven by higher premiums earned and lower losses on claims.
- The MCT ratio remained strong at 233%, down slightly from last quarter but up from the prior year.
Genworth MI Canada Inc. reported its first quarter 2018 results. Key highlights included:
- Premiums written decreased 9% year-over-year due to lower portfolio insurance premiums, but transactional premiums increased 22% from a higher average premium rate.
- Net income increased 20% year-over-year to $128 million.
- Operating earnings per share increased 12% year-over-year to $1.31.
- The mortgage insurer maintained a strong capital position with an MCT ratio of 170%.
Visa inc. Q3 2017 financial results conference call presentationvisainc
Visa reported strong fiscal third quarter 2017 financial results, with net income of $2.1 billion and net operating revenue growth of 26%. Payments volume grew 25% nominally, driven by inclusion of Europe and continued growth. Visa returned $2.1 billion to shareholders in the form of share repurchases and dividends. For fiscal full-year 2017, Visa expects net revenue growth of approximately 20% and operating margin in the mid-60s.
Visa inc. q4 and fy 2017 financial results conference call presentationvisainc
- Visa reported strong fiscal fourth quarter 2017 financial results, with net income of $2.1 billion and net operating revenues increasing 14% to $4.9 billion, driven by continued growth in payments volume, cross-border volume, and processed transactions.
- Payments volume grew 24% nominally and 39% on a constant dollar basis for the quarter ended June 2017 compared to the prior year. Total cards increased 20% to over 3.1 billion.
- Operating margin was 66% for the fourth quarter of 2017 compared to 64% adjusted non-GAAP for the prior year, as operating expenses grew at a slower rate than net operating revenues.
Genworth MI Canada Inc. reported its third quarter 2016 results. Key highlights included:
- Premiums written decreased 10% quarter-over-quarter and 14% year-over-year due to lower transactional insurance volumes.
- The loss ratio increased to 25% due to a rise in new delinquencies primarily in oil-producing regions of Alberta and Quebec.
- Net operating income decreased 6% quarter-over-quarter primarily due to higher losses on claims, though it was up 1% year-over-year.
Genworth MI Canada Inc. reported its third quarter 2018 results. Key highlights included:
- Total premiums written decreased modestly year-over-year due to a smaller mortgage market size and lower average premium rates.
- Net operating income was up quarter-over-quarter primarily due to higher investment income.
- The company maintained a strong capital position with an MCT ratio of 171% and book value per share growth of 7% year-over-year.
- The insurance portfolio quality remained strong with average borrower credit scores of 748 and low levels of high risk loans.
ADP reported financial results for the third quarter of fiscal year 2017. Total revenues increased 5% to $3.2 billion, while pretax earnings from continuing operations increased 12% to $0.79 billion. Diluted earnings per share from continuing operations increased 4% to $1.17. The company also provided an outlook for fiscal year 2017, forecasting 6% revenue growth and an increase in adjusted diluted EPS from continuing operations of 13-14%.
- WestRock reported Q3 2017 results with adjusted earnings per share of $0.74 and adjusted free cash flow of $473 million.
- They achieved $94 million in productivity initiatives and expect a synergy and performance improvement run-rate of $825 million by the end of Q4 2017.
- Guidance for fiscal year 2017 includes reaffirming adjusted free cash flow of $1.2 billion and estimating capital expenditures of $750 million.
- Discover Financial reported first quarter 2017 financial results, with diluted EPS of $1.43, up 6% year-over-year. Revenue grew 5% to $2.3 billion due to an 8% increase in net interest income, partially offset by higher rewards expense. Credit performance remained stable compared to historical levels.
Q317 nielsen-earnings webcast-v3 10.24 post meeting (1)nielsen_holdings
Nielsen reported financial results for the third quarter of 2017. Total revenue increased 4.5% year-over-year to $1.641 billion. Net income grew 12.3% to $146 million. The Watch segment saw strong revenue growth of 9.7% driven by gains in audience measurement and marketing effectiveness. However, the Buy segment faced challenges with revenue declining 2.1% as growth in emerging markets was offset by weakness in developed markets like the US. Nielsen maintained its full-year 2017 guidance targets.
Visa inc. q2 2017 financial results conference call presentationvisainc
- Visa reported strong fiscal second quarter 2017 financial results, with adjusted net income of $2.1 billion excluding special items related to the Visa Europe reorganization.
- Net operating revenue increased 23% to $4.5 billion, driven by the inclusion of Europe and continued growth in payments volume, cross-border volume, and processed transactions.
- The company returned approximately $2.1 billion to shareholders in the form of share repurchases and dividends in the fiscal second quarter.
- Discover Financial reported quarterly net income of $546 million, down 11% year-over-year, with revenue growth of 9% and earnings per share of $1.40.
- Loan balances grew 8% year-over-year led by credit cards and personal loans, while net interest margin expanded 17 basis points.
- Operating expenses rose just 1% despite higher loan volumes, and the company executed $2.23 billion in planned capital returns including dividend increases and share repurchases.
- Credit performance trends showed net charge-off rates increasing compared to a year ago but within expectations.
General investor presentation september 2017irbgcpartners
BGC Partners provides an overview of its Financial Services segment. The segment includes voice/hybrid brokerage and fully electronic trading (FENICS). In 2Q 2017, voice/hybrid accounted for 87% of segment revenues and pre-tax distributable earnings were up 38% year-over-year with margins expanding over 500 basis points. Product revenues were diversified across rates, foreign exchange, credit, and other asset classes. BGC expects regulatory reform, rising interest rates, and a growing global economy to drive further opportunities in Financial Services.
This document provides Nielsen's financial results for the second quarter of 2017. Key points include:
- Total revenue grew 3.0% year-over-year to $1.644 billion. Net income increased 15.9% to $131 million.
- On a non-GAAP basis, core revenue grew 7.6% to $1.579 billion and adjusted EBITDA increased 4.9% to $512 million.
- The Watch segment saw strong 10.9% revenue growth, driven by growth in audience measurement and marketing effectiveness. The Buy segment declined 1.8% due to challenges in the US market, though emerging markets grew 10%.
Wrk mar 2017 investor presentation finalir_westrock
- WestRock is presenting an investor presentation in March 2017.
- The presentation provides forward-looking statements and guidance for future periods regarding synergies, financial results, and acquisitions.
- It discusses WestRock's track record of execution on synergies, recent and planned M&A activity, and financial metrics for Q1 2017.
Global fixed income attracted $2.6 billion in net inflows this quarter, an improvement from prior quarters. Overall retail flows continue to improve following improved investment performance. International retail flows showed the greatest rebound, attracting net inflows for the second consecutive quarter. Financial results strengthened as operating income increased 2% due to higher average assets under management and expense management. The company continued share repurchases and dividends, totaling $1.3 billion over the last twelve months.
Delta held its annual Investor Day in 2016 to review performance and strategy. The presentation discussed Delta's focus on achieving positive unit revenue growth through disciplined capacity management and revenue initiatives. Delta also aims to sustain its revenue premium over competitors by investing in products customers value and better segmenting customers. Delta leverages strong partnerships to expand its global network and access new markets.
This document provides a summary of Nielsen's Q1 2017 earnings results. Key points include:
- Revenue was $1.53 billion, up 3.2% in constant currency. Watch segment revenue grew 11.1% driven by total audience and Gracenote. Buy segment revenue declined 3.7% with challenges in developed markets.
- Adjusted EBITDA was $422 million, up 4.7% in constant currency.
- Nielsen reiterated its full-year 2017 guidance.
Amg investor presentation november 2014 finaljdiluzio
The document is an investor presentation for AMG Advanced Metallurgical Group N.V. It provides an overview of AMG, including its business segments of AMG Processing, AMG Mining, and AMG Engineering. Key financial highlights are presented, showing AMG's revenue, EBITDA, gross profit, and progress on reducing debt and improving cash flow. The presentation contains forward-looking statements and disclaimers around the information provided.
Genworth MI Canada reported its financial results for the second quarter of 2015. Premiums written increased 57% quarter-over-quarter and 28% year-over-year to $205 million due to higher premium rates, market share gains, and a larger origination market. The loss ratio improved to 17%, down 5 percentage points from the previous quarter. Net operating income was $92 million, down 5% from the previous quarter primarily due to a one-time tax adjustment in Q1 2015. The company maintained a strong capital position with an MCT ratio of 231%.
Genworth MI Canada Inc. provides mortgage default insurance primarily in Canada. In Q1 2016, the company saw a decline in new insurance written and net premiums written compared to the previous year, constrained by targeted underwriting changes and a smaller transactional insurance market. The loss ratio in Q1 2016 was 24%, within the company's expected range. Genworth maintains a strong capital position with a minimum capital test ratio of 234% as of Q1 2016.
- Myers Industries reported lower earnings for Q2 2017 compared to the previous year, due to restructuring costs and operational inefficiencies. Net sales were relatively flat with a 1.3% decline.
- The Material Handling segment saw a 2.1% increase in net sales driven by growth in niche markets, though profit declined due to higher costs. The Distribution segment had a 9.2% drop in sales from challenging market conditions.
- For the full year, Myers expects flat sales and adjusted earnings growth in the mid-single digits, focusing on niche market opportunities and debt reduction through strong cash flows. Operational realignment is on track to generate savings in the second half.
- Masco reported strong first quarter 2017 results, with top line growth driven by its North American Plumbing segment. The company achieved 22 consecutive quarters of sales and operating profit growth.
- Operating leverage led to expanded margins and earnings per share exceeded expectations. The company updated its EPS target range provided in 2015.
- Plumbing Products sales increased 8% excluding foreign exchange impacts, fueled by record sales and profits at Delta. Decorative Architectural Products saw builders' hardware growth despite difficult comparisons.
Hillenbrand provides a Q3 2017 earnings presentation covering their financial performance and outlook. Some key points:
- Revenue increased 7% to $396 million driven by strong demand for plastics projects and hydraulic fracturing equipment.
- Net income grew 7% to $33 million and adjusted EBITDA increased 8% to $72 million.
- Process Equipment Group revenue rose 12% while Batesville declined 2% due to higher rates of cremation.
- The company reaffirmed its full year 2017 guidance for 1-3% total revenue growth and adjusted EPS of $2.00-$2.10.
Principal Financial Group reported second quarter 2017 earnings results. Some key highlights included:
- Record quarterly operating earnings of $384 million and record quarterly operating earnings per share of $1.31.
- Assets under management reached a record high of $629 billion, despite negative net cash flows in the second quarter.
- Over 80% of investment options performed in the top two Morningstar quartiles over three and five-year periods, demonstrating strong investment performance.
- The company continued to deploy capital through dividends, share repurchases, and increased ownership in a PGI boutique, while announcing a 15% increase to the third quarter dividend.
- Q3 2018 revenue increased 13% to $446 million, driven by a 22% increase in PEG revenue. Batesville revenue decreased 6%.
- GAAP EPS was $0.56, up 9% from the prior year. Adjusted EPS was $0.57, up 8%.
- PEG revenue growth was driven by continued demand across segments. Adjusted EBITDA margin decreased due to a higher proportion of lower margin projects.
- Batesville revenue declined due to lower estimated cremation rates and an upfront incentive linked to a key customer contract renewal. Adjusted EBITDA margin declined due to the contract renewal and cost inflation.
The document discusses tronc's Q2 2017 earnings call supplemental slides. It provides highlights from the slides including:
- Digital subscribers and unique visitors continued to grow steadily in Q2 2017.
- Total revenue declined 8.6% in Q2 2017 from the previous year, while net income increased 69% and adjusted EBITDA was up slightly.
- The balance sheet was strengthened in Q2 2017 with increases in cash and working capital and reductions in debt and net debt.
- Full year 2017 guidance projects revenue between $1,540-$1,560 million and adjusted EBITDA between $189-$195 million.
- Revenue for Q2 2018 increased 14% to $452 million, driven by a 23% increase in revenue for the Process Equipment Group. Adjusted EPS increased 23% to $0.65 compared to the prior year.
- The Process Equipment Group saw a 23% revenue increase and a 130 basis point increase in adjusted EBITDA margin to 16.6% due to strong operating leverage, productivity improvements, and pricing increases.
- Batesville's revenue increased 1% while adjusted EBITDA margin decreased 290 basis points to 25.3% primarily due to supply chain inefficiencies and cost inflation.
This document provides a summary of Genworth MI Canada Inc.'s financial results for the third quarter of 2015. Some key highlights include:
- Premiums written increased 20% year-over-year to $260 million due to market penetration and recent premium rate increases.
- Net operating income was flat quarter-over-quarter at $92 million.
- The loss ratio was 21% and the minimum capital test ratio was estimated at 227%, demonstrating ongoing capital strength.
- The company maintained a consistent dividend increase of 8% to $0.42 per share.
- ADP reported solid fiscal 2016 results with 7% revenue growth and earnings per share of $2.89, up 13% from fiscal 2015.
- For fiscal 2017, ADP expects revenue growth of 7-9% and earnings per share growth of 10-12%, driven by continued growth in Employer Services and PEO Services.
- ADP will continue focusing on upgrading clients to modern cloud solutions and aligning its service model to support its HCM strategy.
The document provides supplemental slides for an earnings call discussing tronc's digital strategy and financial results. Key points include:
- Digital subscribers and unique visitors continued to grow in Q1 2017. The strategy focuses on market to audience, leverage legacy distribution, and build content.
- Q1 2017 revenue declined 8.1% year-over-year but net loss improved 54% and adjusted EBITDA increased. The balance sheet was strengthened with increased cash.
- Full year 2017 guidance forecasts revenue between $1.54-1.56 billion and adjusted EBITDA between $187-195 million.
ADP reported financial results for the second quarter of fiscal year 2017. Total revenues increased 6% to $3 billion driven by growth in Employer Services and PEO Services. Adjusted EBIT margin expanded 190 basis points to 19.8% due to solid revenue growth and margin expansion. Adjusted diluted EPS grew 20% to $0.87. For fiscal 2017, ADP expects total revenue growth of approximately 6% and adjusted EBIT margin expansion of approximately 50 basis points.
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The document provides an overview of Brink's first quarter 2017 financial results and outlook. Some key points:
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Genworth MI Canada held its 2017 Investor Day on December 6th. The presentation focused on the company's strategic outlook, disciplined risk management approach, and financial strategy. Key points included growing customer relationships in a prudent manner, leveraging data analytics to enhance underwriting and customer experience, and maintaining a strong risk governance framework. The outlook for 2018 expects ongoing economic strength in Canada and a gradual normalization of housing markets.
Final investor day slides 2016 genworth canada - print versiongenworth_financial
This document provides an overview and agenda for Genworth MI Canada's 2016 Investor Day. It includes the following key points:
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- Genworth MI Canada is the largest private residential mortgage insurer in Canada, helping over 1 million families achieve homeownership.
- The company focuses on managing portfolio quality and risk through tools like its proprietary mortgage scoring model and risk limits. It also monitors macroeconomic factors and housing market trends.
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This document discusses Genworth MI Canada's 2015 Investor Day. It provides an overview of Genworth as the largest private residential mortgage insurer in Canada. It highlights Genworth's key accomplishments including strong but prudent top line growth and a high quality diversified insurance portfolio. The document also discusses Genworth's proven business model, strategic priorities, and approach to prudent risk management.
This document discusses Genworth MI Canada's financial results for Q1 2015. Key highlights include premiums written of $130 million, underwriting income of $87 million, net operating income of $97 million, diluted operating EPS of $1.03, and book value per share of $36.07. The company achieved a loss ratio of 22% and maintained consistent investment income, while expanding its minimum capital test ratio.
- This document summarizes findings from a study of 1,800 first-time homebuyers in Canada conducted between February and March 2015.
- Key findings include that over half purchased detached homes, with condos being more popular in large cities. The median home price was $293,000 with a down payment of $34,000 or 12% of the total.
- Most obtained down payment funds from personal savings, with RRSP withdrawals and family gifts/loans also common sources. Banks were the most common source of mortgage assistance.
This document provides an overview of Genworth MI Canada Inc., including its financial results, strategic priorities, investment portfolio, and capital strength. Some key points include: Genworth achieved strong top and bottom line growth in 2014 driven by higher mortgage insurance premium volume and rate increases. It maintains a high quality, diversified insured mortgage portfolio and investment portfolio. Genworth's capital levels significantly exceed regulatory requirements, with an MCT ratio of 185% as of 2014, allowing it to return capital to shareholders through dividend increases and share repurchases.
Genworth MI Canada reported its financial results for Q4 2014. Premiums written increased 25% year-over-year to $640 million for 2014. The loss ratio was 20% for the full year, 5 points lower than 2013. Net operating income increased 5% to $366 million. The minimum capital test ratio remained strong at 225%.
This document summarizes a presentation by Genworth MI Canada Inc. It discusses four key growth levers for the company's business: 1) increasing market share through enhancing customer experience, building value proposition, and deepening collaboration, 2) growth in market size supported by demographics and immigration, 3) opportunities to adjust premium rates, and 4) pursuing adjacent opportunities. The presentation outlines Genworth's vision, strategic priorities, and catalysts for growth including expanding market presence and prudent risk management.
Genworth MI Canada Investor Presentation September 2014genworth_financial
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Genworth MI Canada Inc. reported its financial results for the fourth quarter of 2013 on February 5, 2014. The company achieved solid earnings performance in 2013 with net operating income growing 3% year-over-year to $349 million and book value per share increasing 6%. For the fourth quarter, the company reported net operating income of $85 million, operating EPS of $0.90, and book value per share of $32.53. The company benefited from a low loss ratio driven by strong portfolio quality and favorable economic conditions. Looking ahead, the company expects a stable housing market and modest premium growth in 2014 while maintaining strong underwriting performance.
This document summarizes an investor day presentation by Genworth MI Canada Inc. The presentation consisted of three panels that discussed driving core growth, proactively mitigating risk, and sustaining profitability. Some key points included that Genworth serves a market of borrowers with lower average incomes and home prices compared to the overall market. Their risk management framework helps them stay ahead of emerging risks and their loss mitigation strategy is a key differentiator. They have multiple avenues for continued top-line growth and strong underwriting profits support sustainable profitability.
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- Net operating income increased 11% year-over-year to $88 million.
- Solid financial results including a loss ratio of 25% and book value per share of $31.32.
- Premiums written were $137 million for the quarter and the number of delinquencies declined 26% year-over-year.
- The company maintained a strong capital position with a minimum capital test ratio of 216%.
Presentation des resultats financiers du deuxieme trimestre 2013 de Genworth ...genworth_financial
This document provides a summary of Genworth MI Canada Inc.'s second quarter 2013 results. Key highlights include an 11% increase in net operating income compared to Q2 2012, strong capital levels with a minimum capital test ratio of 216%, and continued improvement in delinquency rates across regions. New insurance written in 2013 has benefited from solid borrower credit quality and stable housing prices.
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Mic q2 2017_earnings_presentation
1. 1Genworth MI Canada Inc.Q2 2017 Results
August 1st, 2017
Second Quarter 2017 Results
2. 2Genworth MI Canada Inc.Q2 2017 Results
Forward-looking and
non-IFRS statements
DRIVING VALUE THROUGH CUSTOMIZED SERVICE EXPERIENCE
Public communications, including oral or written communications such as this document, relating to Genworth MI Canada Inc. (the
“Company”, “Genworth Canada” or “MIC”) often contain certain forward-looking statements. These forward-looking statements
include, but are not limited to, statements with respect to the implementation of changes introduced by the Government and the
potential impact on new insurance written, as well as the Company’s future operating and financial results, sales expectations
regarding premiums written, capital expenditure plans, dividend policy and the ability to execute on its future operating, investing and
financial strategies, the Canadian housing market, and other statements that are not historical facts. These forward-looking
statements may be identified by their use of words such as “may”, “would”, “could”, “will,” “intend”, “plan”, “anticipate”, “believe”,
“seek”, “propose”, “estimate”, “expect”, and similar expressions. These statements are based on the Company’s current
assumptions, including assumptions regarding economic, global, political, business, competitive, market and regulatory matters.
These forward-looking statements are inherently subject to significant risks, uncertainties and changes in circumstances, many of
which are beyond the ability of the Company to control or predict. The Company’s actual results may differ materially from those
expressed or implied by such forward-looking statements, including as a result of changes in the facts underlying the Company’s
assumptions, and the other risks described in the Company’s most recently issued Annual Information Form, Short Form Base Shelf
Prospectus, and Management’s Discussion and Analysis and all documents incorporated by reference in such documents.
Management’s current views regarding the Company’s financial outlook are stated as of the date hereof and may not be appropriate
for other purposes. Other than as required by applicable laws, the Company undertakes no obligation to publicly update or revise
any forward-looking statement, whether as a result of new information, future developments or otherwise.
To supplement its financial statements, the Company uses select non-IFRS financial measures. Such non-IFRS financial measures
include net operating income, operating earnings per common share (basic), operating earnings per common share (diluted),
operating return on equity, insurance in-force, new insurance written, loss ratio, expense ratio, combined ratio, investment yield, and
Minimum Capital Test (“MCT”). The Company believes that these non-IFRS financial measures provide meaningful supplemental
information regarding its performance and may be useful to investors because they allow for greater transparency with respect to
key metrics used by management in its financial and operational decision making. Non-IFRS measures do not have standardized
meanings and are unlikely to be comparable to any similar measures presented by other companies. These measures are defined in
the Company’s glossary, which is posted on the Company’s website at http://investor.genworthmicanada.ca. A reconciliation from
non-IFRS financial measures to the most readily comparable measures calculated in accordance with IFRS, where applicable, can
be found in the Company’s most recent Management’s Discussion and Analysis, which is posted on the Company’s website and is
also available at www.sedar.com.
3. 3Genworth MI Canada Inc.Q2 2017 Results
2Q17 financial results
Operating EPS (diluted) Book Value Per Share (diluted, incl. AOCI)
$38.23 $39.01 $39.28
$40.42
$41.34
Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
+8%
YoY
1. MCT ratio denotes the Company’s estimate of the Minimum Capital Test ratio for operating insurance company. Effective Jan. 1, 2017, the holding target MCT of
220% was recalibrated to the OSFI Supervisory MCT ratio target of 150% and the minimum MCT ratio under PRMHIA was reduced to 150%.
Note: Amounts may not total due to rounding.
$MM except ROE,
EPS & MCT
Q2
2017
Q1
2017
Q2
2016
Q/Q Y / Y
Premiums written $170 $127 $249 +33% -32%
Loss ratio 3% 15% 21% -12 pts -17 pts
Net Operating
Income
$126 $107 $99 +17% +28%
Operating ROE 14% 12% 12% +2% +2%
Operating EPS (dil.) $1.36 $1.17 $1.07 +17% +27%
MCT ratio1 167% 162% 233% n.m. n.m.
Internal MCT target
(2017) / MCT holding
target (2016)
157% 157% 220% n.m. n.m.
Q2 key highlights
• Transactional premiums written of $161MM; lower by 5% Y/Y,
14% lower new insurance written, partly offset by 10% higher
average premium rate
• Portfolio premiums written of $8MM; lower by 78% Q/Q after
several large Q1 transactions and 2016 regulatory changes
• Loss ratio of 3% driven by lower new delinquencies net of cures
across all regions and favourable loss reserve development,
reflecting macroeconomic tailwinds and strong housing markets
• Operating income up 17% Q/Q, driven by lower losses on
claims and higher premiums earned
• Ongoing capital strength with MCT ratio of 167%1
$1.07
$1.02
$1.14
$1.17
$1.36
Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
4. 4Genworth MI Canada Inc.Q2 2017 Results
$4.5
$1.1
$6.5
$4.9
2016 2017
$3.4 $3.0
$5.8 $5.0
$6.9
$5.1
2016 2017
$18 $38
$78
$8
$22
$22
2016 2017
Top line
New insurance written ($ billions) Premiums written ($ millions)
Note: Company sources.
Note: Amounts may not total due to rounding.
Q1
Q2
Q3
Q4
Transactional insurance highlights
• NIW decreased year-over-year, due to a smaller high LTV
origination market resulting primarily from the mortgage
rate stress test introduced in 4Q16
• 2017 annual volumes expected to decline 15%-25%
• Premium rate increase which took effect in March 2017
(increase averages 18% to 20% reflecting higher capital
requirements), partly offsetting volume decline impact
Transactional Portfolio
$99 $89
$170 $161
$201
$149
2016 2017
Q1
Q2
Q3
Q4
Transactional Portfolio
Average premium rate
2Q16 2Q17
2.95% 3.23%
$41.9 $619
$140
Average premium rate
2Q16 2Q17
0.30% 0.76%
Portfolio insurance highlights
• NIW decreased Q/Q, driven by lower demand due to
the Purpose Test rules, the elimination of refinance
mortgages, and increased premium rates
• Expecting smaller portfolio insurance market for
remainder of 2017 compared to 2016
$21.2
$10.5
$25.9$8.0
$11.6
$250
$46
5. 5Genworth MI Canada Inc.Q2 2017 Results
Our environment today
Risk Assessment
Economic
Housing
Insurance
Portfolio
Regulatory
Key takeaways
• Canada 2017 GDP projection revised to 2.8% (up from 2.6%)
• Oil producing regions showing modest improvement
• Overnight lending rate increased 25 bps to 0.75%
Government changes have stabilized key housing markets
in Ontario. Soft landing expected
Housing risk in GVA continues to improve
Portfolio quality remains strong
Mortgage rate stress test has resulted in improved
consumer debt profile in the insured segment
OSFI proposes mortgage rate stress test in draft B20
guideline “Residential Mortgage Underwriting Practices
and Procedures” related to uninsured mortgages
New capital framework driving higher capital requirements
offset by premium rate increases
STABLE TO IMPROVING MACROECONOMIC ENVIRONMENT
Denotes change from previous quarter
6. 6Genworth MI Canada Inc.Q2 2017 Results
Regional risk assessment
Note: Based on Company’s estimates of housing and economic risk.
Improving economic forecast for
Alberta and Prairies regions
Housing markets in GTA & parts of
Ontario starting to cool. Soft landing
expected
Housingrisk
Economic riskLow High
High
GTA
GVA
Quebec
Alberta
Atlantic
Ontario
(ex GTA)
Prairies
Key Indicators
Overvaluation
Affordability
Price-to-
income
Supply/
demand
Key Metrics: GDP Forecast; UE Rate; Economic diversity
Pacific
(ex GVA)
Denotes change from Q1’17
7. 7Genworth MI Canada Inc.Q2 2017 Results
Strong portfolio quality
CONTINUED PORTFOLIO QUALITY STRENGTH
BODES WELL FOR FUTURE PERFORMANCE
1 Company sources for transactional new insurance written. Average score for all borrowers.
2 Company sources for transactional new insurance written, Purchase only.
3 Stacked risk factors: Purchase only; 90%+ LTV and <= 660 credit score, and >40 TDSR.
4 FTHB represents First Time Homebuyers.
Highlights
Credit score1 Stacked risk factors3
Credit quality remains
very strong
Relatively stable average
home prices for FTHBs
given modest growth in
household income
Limited exposure to
loans with stacked risk
factors
Average home price2
(In ‘$000s)
Q2 reflects typical
increase in QC
business mix
11%
3%
727
747
'10
'11
'12
'13
'14
'15
Q1'16
Q2'16
Q3'16
Q4'16
Q1'17
Q2'17
% Score <660 (R) Avg score (L)
0.9%
0.3%
Q2'15
Q3'15
Q4'15
Q1'16
Q2'16
Q3'16
Q4'16
Q1'17
Q2'17
$284
$296
$301
$304
$315
$322
$327
$315
$330
$326
$328
$317
'10
'11
'12
'13
'14
'15
Q1'16
Q2'16
Q3'16
Q4'16
Q1'17
Q2'17
8. 8Genworth MI Canada Inc.Q2 2017 Results
36 42 82 56
-33
17 25
13 34
10
125
234
103 141
92
63
93
128
109
32
59
66
77
101
26
52
33
33
50
28
Q2'16 Q3'16 Q4'16 Q1'17 Q2'17
352
493
436
491
155
349 331 355 349 254
166 163 147 151
149
467 617 609 594
551
578
504 521 517
446
212 211 235 259
204
189 201 203 212
205
Q2'16 Q3'16 Q4'16 Q1'17 Q2'17
1,961 2,027 2,070 2,082
1,809
Delinquency trends
Ontario
Pacific2
Alberta
Quebec
Atlantic
Prairies1
Delinquency rate based on reported outstanding balances3
Q3’16 Q4’16 Q1’17 Q2’17
Transactional 0.33% 0.33% 0.34% 0.29%
Portfolio 0.07% 0.08% 0.08% 0.07%
Total 0.21% 0.21% 0.21% 0.18%
Company sources. 1 Prairies include MB and SK. 2 Pacific includes B.C. and the Territories. 3 Delinquency rates are based on the Company’s estimate of outstanding insured
mortgage balances as at the end of the quarter and exclude delinquencies that have been incurred but not reported.
New delinquencies, net of cures, by region
Ontario
Pacific2
Alberta
Quebec
Atlantic
Prairies1
Total
Delinquencies outstanding
Total
Loss ratio 21% 25% 18% 15% 3%
Q/Q
∆
-336
-22
-75
-77
-49
-24
-89
GIVEN 9% LOSS RATIO FOR 1H17, REVISED 2017 FULL
YEAR LOSS RATIO EXPECTED RANGE OF 15% - 25%
• Lower net new delinquencies reflect
decreases across all regions with most
significant decreases in ON, AB, QC &
Atlantic
• Strong loss ratio performance reflects
favourable macroeconomic environment,
lower unemployment, and relatively stable
or higher home prices
Total
Q/Q ∆
9. 9Genworth MI Canada Inc.Q2 2017 Results
Solid underwriting profitability
95 88
103 107
132
30 33
33 34
31
32 41
29 26
6
Q2' 16 Q3' 16 Q4' 16 Q1' 17 Q2' 17
Underwriting profitability ($ millions)
Net underwriting
income
Expenses
Losses on claims
Loss ratio 21% 25% 18% 15% 3%
Expense ratio 19% 20% 20% 20% 18%
Combined
ratio
40% 45% 38% 36% 22%
Avg. reserve
per delq. ($000s)
$75.4 $79.5 $79.0 $75.6 $73.7
New delqs.
net of cures
352 493 436 491 155
Premiums earned $164$158 $162 $167
Highlights
• Continued trend of Q/Q growth in premiums
earned driven by higher level of premiums
written in last several years; modest Y/Y
increase in premiums earned expected for 2017
• Q2 loss ratio of 3% driven primarily by:
• 336 lower new delinquencies, net of cures
• 3% lower average reserve per delinquency
• $31MM favourable 2Q17 loss reserve
development primarily from Incurred But Not
Reported (IBNR)
• 2017 full year loss ratio expected range revised
lower to 15% to 25%
$168
Quarterly
Snapshot
Q2’17 Y/Y
Teranet HPI
Q2’17 Q/Q
Teranet HPI
Q2’17
UE Rate
Q2’16
UE Rate
TOR 28.1% 8.3% 6.7% 6.7%
VAN 8.6% 2.7% 5.1% 5.3%
MTL 2.1% 1.6% 6.5% 7.8%
CGY 1.2% 0.1% 9.2% 8.7%
Company sources. Amounts may not total, due to rounding. Market data: Teranet and Statistics Canada.
* Based on the average of the quarters
10. 10Genworth MI Canada Inc.Q2 2017 Results
Strong financial performance
$MM except EPS & BVPS Q2’17 Q1’17 Q2’16
Transactional premiums written $161 $89 $170
Portfolio premiums written 8 38 78
Total premiums written $170 $127 $249
Premiums earned 168 167 158
Losses on claims (6) (26) (32)
Expenses (31) (34) (30)
Underwriting income $132 $107 $95
Net investment income
(excl. realized gains / losses)
45 45 44
Net operating income $126 $107 $99
Net income $150 $106 $91
Operating EPS
(diluted)
$1.36 $1.17 $1.07
Book value per share
(diluted, incl. AOCI)
$41.34 $40.42 $38.23
Q2 highlights
• Transactional premiums written lower by 5% Y/Y,
due to lower NIW, partly offset by higher average
premium rate
• Premiums earned increased Y/Y by 7% due to
higher premiums written in recent years
• Loss ratio of 3%, down 12 pts Q/Q on lower new
delinquencies, net of cures, and $31MM
favourable IBNR reserve development
• Net investment income relatively unchanged Q/Q
• Net operating income up $18MM Q/Q primarily due
to lower losses on claims and higher premiums
earned
• Net income of $150MM includes unrealized gains
of $30MM primarily from foreign exchange and
interest rate derivatives
• Book value per share up 8% Y/Y to $41.34
Company sources. Note: Amounts may not total due to rounding.
11. 11Genworth MI Canada Inc.Q2 2017 Results
Federals
Provincials
Preferred shares
Emerging markets debt4
Investment grade
corporates3
Cash5
33%
16%
34%
7%
7%
3%
Investments contribute steady
income
Duration: 3.8 years
Book yield: 3.2%2
Invested assets
(C$ millions, unless noted)
Note: Company sources.
1. Represents market value. 2. Investment yield represents pre-tax equivalent book yield after dividend gross-up of portfolio (as at Jun. 30th, 2017).
3. Market value, includes CLOs. 4. ~99% Investment grade. 5. Cash includes short-term investments. 6. Excludes realized and unrealized gains and losses.
Total Invested Assets ($6.3B portfolio1)
Net Investment Income
(excluding realized/unrealized gains, $ millions)6
$5,917
$5,867
MAINTAINING FOCUS ON QUALITY IN LOW RATE ENVIRONMENT
$359 million of
bond maturities for
the rest of 2017
5,798 6,115
282
186
Q2 2016 Q2 2017
Book value
Net
unrealized
gain
$6.1B
$6.3B
Investment yield
3.2% 3.2%
$41 $45
$44 $45
$44
$46
2016 2017
Q1
Q2
Q3
Q4
$176
12. 12Genworth MI Canada Inc.Q2 2017 Results
~3.1
0.2 0.2
0.4 0.4
~0.3 ~0.5
1Q17 MCT Jun. 30, 2017 MCT estimate
MCT ratio 162% 167%
Internal MCT
target
157% 157%
Holdco cash2 $189 million $188 million
Capital management
Note: Company sources. MCT denotes ratio for operating insurance company.
1. Market risk includes interest rate, credit, equity risk, and foreign exchange risk.
2. Represents liquid investments and cash held in addition to capital in operating insurance company
3. Jun. 30, 2017 MCT is the Company’s estimate under the new capital framework that became effective January 1, 2017.
Regulatory capital as at June 30th, 2017
(by category, $ billions unless otherwise noted)
Highlights
Strong capital position with MCT ratio
of 167%
• Reflects strong profitability and increase
in interest rate swaps (fixed for floating)
resulting in regulatory capital savings from
hedging interest rate risk
Normal course operating range of
160% to 165%
Continued focus on balancing capital
strength and efficiency
DBRS confirmed ratings:
• Operating company AA, stable trends
• Holding company A (High), stable trends
Insurance Risk
Market Risk1
Operational Risk
Capital in excess of 220%
Capital in
excess of
150%
3
~4.1
~3.0
~4.0
13. 13Genworth MI Canada Inc.Q2 2017 Results
Keen focus on risk management
Proactive loss mitigation
programs
Investing in our customer
experience strategy
Key takeaways
Proven
business model
has positioned
MIC for
future
performance
Balanced approach to writing
new business
14. 14Genworth MI Canada Inc.Q2 2017 Results
investor@genworth.cominvestor.genworthmicanada.ca
Investor Relations
Jonathan A. Pinto, MBA, LL.M
Vice President, Investor Relations
jonathan.pinto@genworth.com905.287.5482