Genworth MI Canada Inc. reported solid third quarter 2012 results, with net operating income of $81 million. The company saw top line growth driven by high loan-to-value mortgage volumes. The loss ratio improved to 30% due to regional delinquency improvements. The company also increased its common dividend by 10% and maintains a strong capital base with a Minimum Capital Test ratio of 164%.
Genworth MI Canada Inc. reported solid results for Q4 2012 and full year 2012. Some highlights included:
- Net operating income of $226M for Q4 2012 and $462M for full year 2012
- Adjusted net operating income of $89M for Q4 2012 and $339M for full year 2012
- Continued improvement in underwriting performance with loss ratios of 31% for Q4 2012 and 33% for full year 2012
- Strong capital position with MCT ratio of 170% at end of Q4 2012 and 211% at beginning of 2013
- Book value per share growth to $30.62 at end of Q4 2012
The presentation provided an overview of Genworth's
capital one Lehman Conference Presentationfinance13
Capital One provides a presentation on its financial performance and positioning. It discusses (1) executing on its vision of national lending and local banking, (2) delivering an operating profit of $463M despite significant credit headwinds, and (3) decisions that position it to navigate cyclical challenges and deliver value over the cycle through resilient businesses, conservative risk management, and lower lending lines.
United Stationers Inc. reported third quarter 2012 earnings. Key highlights include:
- Sales were flat compared to Q3 2011 at $1.3 billion. Earnings per share were $0.91 compared to $0.81 last year.
- Gross margin rate increased to 15.8% from 15.3% last year. Operating expenses rose slightly to 10.9% of sales.
- Net income was $36.8 million, up from $35.8 million in Q3 2011. The company also repurchased shares and paid dividends during the quarter.
The global outsourcing industry is constantly evolving through new contracting award characteristics and an expanding universe of successful service providers. ISG's TPI Index helps industry participants, enterprises and organizations keep pace and capitalize from the latest data on outsourcing trends. It is the authoritative source for marketplace intelligence related to outsourcing: transaction structures and terms, industry adoption, geographic prevalence and service provider metrics.
Raymond James held its 34th Annual Institutional Investors Conference on March 6, 2013. The presentation focused on Masco's investment thesis, which highlighted the company's strong fundamentals and positioning for growth. Masco has leading brands, is an industry innovator, and has broad distribution. It is leveraging its strengths to expand market leadership, reduce costs, improve underperforming businesses, and strengthen its balance sheet. Masco is well-positioned for growth as housing starts recover and it benefits from a lower fixed cost base and initiatives to gain share and expand internationally.
Ideagen reported preliminary results that exceeded expectations, with revenue of £2.3m, adjusted PBT of £0.5m, and net cash of £0.8m. Ideagen has rebranded and restructured its recent acquisitions under a single Ideagen brand focused on content management. It expects continued organic and acquisition growth in the fragmented UK market. The company delivered results ahead of forecasts and maintains a net cash position, setting a positive tone for future performance.
The document provides information on ratio analysis of FMCG food and beverage companies including Britannia, Nestle, Kellogg's, Coca-Cola, and Mondelez. It includes details on the companies and presents their ratios across liquidity, leverage, coverage, turnover and profitability from 2018-2016. Britannia generally demonstrated better current ratio, quick ratio, debt ratios and turnover ratios compared to peers. Coca-Cola typically had better gross and operating profit margins while Kellogg's often showed higher return on equity. The document concludes with valuation ratios such as price-to-earnings and price-to-book where Britannia commonly exhibited higher ratios.
Owens Corning hosted an investor visit to discuss positioning for growth. The company maintains a goal of $1 billion in adjusted EBITDA at 1 million US housing starts. The composites business leads in an attractive growth industry, while roofing and insulation are positioned to grow with market recovery in the US housing sector. Insulation has returned to profitability and can achieve over $100 million EBIT at 1 million housing starts. Roofing fundamentals remain attractive despite near-term weakness, and the industry structure is favorable.
Genworth MI Canada Inc. reported solid results for Q4 2012 and full year 2012. Some highlights included:
- Net operating income of $226M for Q4 2012 and $462M for full year 2012
- Adjusted net operating income of $89M for Q4 2012 and $339M for full year 2012
- Continued improvement in underwriting performance with loss ratios of 31% for Q4 2012 and 33% for full year 2012
- Strong capital position with MCT ratio of 170% at end of Q4 2012 and 211% at beginning of 2013
- Book value per share growth to $30.62 at end of Q4 2012
The presentation provided an overview of Genworth's
capital one Lehman Conference Presentationfinance13
Capital One provides a presentation on its financial performance and positioning. It discusses (1) executing on its vision of national lending and local banking, (2) delivering an operating profit of $463M despite significant credit headwinds, and (3) decisions that position it to navigate cyclical challenges and deliver value over the cycle through resilient businesses, conservative risk management, and lower lending lines.
United Stationers Inc. reported third quarter 2012 earnings. Key highlights include:
- Sales were flat compared to Q3 2011 at $1.3 billion. Earnings per share were $0.91 compared to $0.81 last year.
- Gross margin rate increased to 15.8% from 15.3% last year. Operating expenses rose slightly to 10.9% of sales.
- Net income was $36.8 million, up from $35.8 million in Q3 2011. The company also repurchased shares and paid dividends during the quarter.
The global outsourcing industry is constantly evolving through new contracting award characteristics and an expanding universe of successful service providers. ISG's TPI Index helps industry participants, enterprises and organizations keep pace and capitalize from the latest data on outsourcing trends. It is the authoritative source for marketplace intelligence related to outsourcing: transaction structures and terms, industry adoption, geographic prevalence and service provider metrics.
Raymond James held its 34th Annual Institutional Investors Conference on March 6, 2013. The presentation focused on Masco's investment thesis, which highlighted the company's strong fundamentals and positioning for growth. Masco has leading brands, is an industry innovator, and has broad distribution. It is leveraging its strengths to expand market leadership, reduce costs, improve underperforming businesses, and strengthen its balance sheet. Masco is well-positioned for growth as housing starts recover and it benefits from a lower fixed cost base and initiatives to gain share and expand internationally.
Ideagen reported preliminary results that exceeded expectations, with revenue of £2.3m, adjusted PBT of £0.5m, and net cash of £0.8m. Ideagen has rebranded and restructured its recent acquisitions under a single Ideagen brand focused on content management. It expects continued organic and acquisition growth in the fragmented UK market. The company delivered results ahead of forecasts and maintains a net cash position, setting a positive tone for future performance.
The document provides information on ratio analysis of FMCG food and beverage companies including Britannia, Nestle, Kellogg's, Coca-Cola, and Mondelez. It includes details on the companies and presents their ratios across liquidity, leverage, coverage, turnover and profitability from 2018-2016. Britannia generally demonstrated better current ratio, quick ratio, debt ratios and turnover ratios compared to peers. Coca-Cola typically had better gross and operating profit margins while Kellogg's often showed higher return on equity. The document concludes with valuation ratios such as price-to-earnings and price-to-book where Britannia commonly exhibited higher ratios.
Owens Corning hosted an investor visit to discuss positioning for growth. The company maintains a goal of $1 billion in adjusted EBITDA at 1 million US housing starts. The composites business leads in an attractive growth industry, while roofing and insulation are positioned to grow with market recovery in the US housing sector. Insulation has returned to profitability and can achieve over $100 million EBIT at 1 million housing starts. Roofing fundamentals remain attractive despite near-term weakness, and the industry structure is favorable.
Omnicom's 2002 annual report summarizes the company's financial and operating highlights for the year. Key points include:
- Revenue increased 9% to $7.5 billion, with net income up 10% to $643 million.
- Traditional media advertising grew 9% while CRM and specialty communications grew over 14% and 17% respectively.
- Omnicom continued its strategy of targeted acquisitions, adding around $360 million in revenue.
- The company's businesses won $4.2 billion in new business, outpacing competitors despite a lackluster global economy.
- Omnicom maintained its position as the most creative agency network in the world.
Unilever Pakistan Foods Ltd is one of Pakistan's largest FMCG companies. In FY2012, sales grew 19% to Rs.5.86 billion compared to 22% growth in FY2011. However, gross margins declined slightly. Profits grew more moderately with profit after tax rising 34% in FY2012 due to one-off gains. Liquidity ratios improved slightly over the previous year but were still lower than FY2010 levels, indicating potential short-term financial issues. Going forward, the company aims to continue profitable growth by leveraging its brand equity and global expertise despite challenges from the economy, competition and currency fluctuations.
Genworth MI Canada Inc. 2012 Investor Day Presentationgenworth_financial
The document provides an overview of Genworth MI Canada's Investor Day presentation on delivering value beyond mortgage insurance, outlining their market and strategy, sales approach, operations capabilities, and focus on providing a customer centric experience through collaboration with lenders. Genworth MI Canada aims to be a strategic growth partner for lenders by addressing their balance sheet needs, driving top line growth, and leveraging local expertise to outpace the competition.
This document provides an earnings report for H1 2012. Key highlights include:
- Net income surged 69.1% to RUB 1,204 million compared to H1 2011. Assets grew 5.9% and client funds increased 6.2%.
- Net interest income increased 37% to RUB 4,411 million driven by a rise in net interest margin to 4.7% from 3.7% in H1 2011.
- Non-performing loans fell to 8.08% of total loans and provisions covered overdue loans by 113%. Return on equity improved to 12.7%.
The document provides an investor update on AkzoNobel's Q3 2012 results. It includes the following key information:
1) EBITDA was up 7% at €540 million despite a 3% decline in volumes primarily due to the economic slowdown in Europe. Revenue was up 6% mainly driven by currencies and pricing actions.
2) A €2.5 billion impairment charge related to Decorative Paints intangible assets resulted in a net loss of €2.4 billion for the quarter. Adjusted EPS was €1.01.
3) The performance improvement program is on track but the economic environment remains a principal sensitivity given the continued weak demand and cautious customer ordering patterns.
This document provides an analysis and stock recommendation for Credit Corp Group Limited (CCP). It summarizes CCP's most recent financial results, which confirm the momentum of the company's corporate turnaround. The analyst upgrades the price target for CCP stock to A$2.29 based on two potential drivers of excess returns: 1) CCP is positioned for a price-to-book valuation re-rating as its current valuation implies no value for its business franchise; and 2) continued earnings growth driven by increased staff productivity and harvesting older purchased debt ledgers. The analyst maintains a "Buy" recommendation on CCP stock.
GT Industry Intelligence Unit - Retail 2012 AustraliaGrant Thornton
The retail industry in Australia saw increases in sales in May and June 2012, with sales rising 0.8% in May and 1.0% in June, the highest increase in over two years. However, analysts are only forecasting flat growth over the next 12 months given ongoing economic uncertainties from issues like the carbon tax and European debt crisis. Several large retail chains also announced store closure programs. The results show the retail market remains cautious but any acquisitions could provide opportunities for growth. Customer service and experience will be key for retailers to succeed in this environment.
The document provides an agenda and summary for a Merrill Lynch Banking & Financial Services Investor Conference. It includes the following:
1) An overview of JPMorgan Chase's 3Q08 results, noting declines in net income driven by higher credit costs, but revenue growth across most business lines.
2) Summaries of the Investment Bank and Retail Financial Services segments, highlighting improved trading results, higher deposits, but also increased credit costs and exposures to mortgage and leveraged lending.
3) Discussion of key risk exposures in mortgage-related assets and legacy leveraged lending, where significant reductions have occurred but challenges remain.
Future Capital Holdings (FCH) is a financial services provider in India with over Rs. 7.57 billion in net worth that aims to leverage its parent company Pantaloon Retail's large retail presence. FCH has brought on V. Vaidyanathan, a highly experienced banking executive, as its new Vice Chairman and Managing Director to lead its expansion into consumer and wholesale financing businesses. The company intends to significantly grow its balance sheet and deliver returns to shareholders by capitalizing on the large untapped market opportunities in India's growing financial sector.
Journal Communications, Inc. is a media company that operates newspapers, television stations, radio stations, and websites across 12 states. The company generates most of its revenue from advertising sales. The analyst initiates coverage of Journal Communications with a Neutral rating and $8 price target due to concerns about weak advertising spending in 2008 and the company's exposure to struggling real estate markets. However, the company is transforming its business model and expanding its faster-growing internet and broadcast segments. The analyst expects the company's performance to improve in late 2008 and 2009 as the economy recovers and advertising spending increases.
The document provides housing market statistics for the Greater Toronto Area in December 2012 and for all of 2012. It reports that home sales were down year-over-year in December 2012 but that the average home price increased 6.5% to $478,739. For the full year 2012, sales were down slightly from 2011 but the average home price rose almost 7% to $497,298. The summary also indicates that price growth was strongest for detached homes and that market conditions remained tight for these property types.
Stora Enso reported financial results for Q2 2012. Operational EBIT was EUR 141 million, similar to Q1 2012 levels. Cash flow from operations improved to EUR 246 million. Strategic investments are progressing to transform the company, including a new pulp mill in Uruguay and board machine in Sweden. Guidance for Q3 2012 expects sales similar to Q2 2012 and operational EBIT at similar or slightly higher levels.
1) Tata Consultancy Services (TCS) reported strong results for the first quarter of fiscal year 2012, outperforming expectations with revenue growth of 6.3% over the previous quarter and 31.4% over the same quarter of the previous fiscal year.
2) A key highlight was 7.4% quarter-over-quarter growth in business volumes. While profit margins declined due to wage hikes, net profit remained flat due to foreign exchange gains.
3) Management maintained a positive outlook, highlighting strong demand environment and deal pipeline, and expects pricing increases later in the fiscal year.
This document provides an overview of Genworth Financial's payment protection insurance business in Europe. Key highlights include that Genworth has been operating in Europe since 1972 and has a presence in multiple countries across Europe. The document discusses Genworth's product offerings, European market size, geographic and product dispersion, financial metrics, sales growth strategy, and European branding objectives.
Fifth Third Bancorp reported 2007 earnings of $1.1 billion, or $2.03 per diluted share, compared to $1.2 billion, or $2.13 per diluted share in 2006. Fourth quarter 2007 earnings were $38 million, or $0.07 per diluted share, compared to $325 million, or $0.61 per diluted share in the third quarter of 2007. Results were impacted by non-cash charges including lowering the value of a Bank-Owned Life Insurance policy and reserves related to potential Visa litigation settlements. Excluding these items, operating earnings were lower due to deterioration in credit performance and increased loan loss reserves in response to challenging credit conditions expected to continue in the near
Presentation des resultats financiers du troisieme trimestregenworth_financial
Genworth MI Canada Inc. reported solid third quarter 2012 results, with net operating income of $81 million and a return on equity of 12%. The company saw top line growth driven by high loan-to-value mortgage volumes. The loss ratio improved to 30% due to regional delinquency improvements and a stabilizing Alberta housing market. The company also increased its common dividend by 10% and maintains a strong capital base with a Minimum Capital Test ratio of 164%.
- 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.
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%.
Genworth MI Canada Inc. - Investor Presentation May/June 2013genworth_financial
1) Genworth MI Canada Inc. reported solid results for the first quarter of 2013, with net operating income of $85 million, an operating return on equity of 12%, and operating earnings per share of $0.86.
2) The company wrote $84 million in new mortgage insurance premiums in Q1 2013 and maintained a strong capital position with a minimum capital test ratio of 216%.
3) The company has a high quality investment portfolio of $5.3 billion with 49% invested in federal and provincial bonds and a pre-tax yield of 3.7%.
This document provides a summary of Genworth MI Canada Inc.'s results for the first quarter of 2013. Key highlights include:
- Net operating income of $85 million, up 12% from Q1 2012.
- Operating return on equity of 12%, consistent with prior year.
- $84 million in new mortgage premiums written in the quarter.
- Mortgage delinquency rates remained low across regions.
- Capital position remains strong at 216% of minimum requirements.
- 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 and financial results for Genworth MI Canada Inc. for the second quarter of 2013. Some key highlights include:
- 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%.
Omnicom's 2002 annual report summarizes the company's financial and operating highlights for the year. Key points include:
- Revenue increased 9% to $7.5 billion, with net income up 10% to $643 million.
- Traditional media advertising grew 9% while CRM and specialty communications grew over 14% and 17% respectively.
- Omnicom continued its strategy of targeted acquisitions, adding around $360 million in revenue.
- The company's businesses won $4.2 billion in new business, outpacing competitors despite a lackluster global economy.
- Omnicom maintained its position as the most creative agency network in the world.
Unilever Pakistan Foods Ltd is one of Pakistan's largest FMCG companies. In FY2012, sales grew 19% to Rs.5.86 billion compared to 22% growth in FY2011. However, gross margins declined slightly. Profits grew more moderately with profit after tax rising 34% in FY2012 due to one-off gains. Liquidity ratios improved slightly over the previous year but were still lower than FY2010 levels, indicating potential short-term financial issues. Going forward, the company aims to continue profitable growth by leveraging its brand equity and global expertise despite challenges from the economy, competition and currency fluctuations.
Genworth MI Canada Inc. 2012 Investor Day Presentationgenworth_financial
The document provides an overview of Genworth MI Canada's Investor Day presentation on delivering value beyond mortgage insurance, outlining their market and strategy, sales approach, operations capabilities, and focus on providing a customer centric experience through collaboration with lenders. Genworth MI Canada aims to be a strategic growth partner for lenders by addressing their balance sheet needs, driving top line growth, and leveraging local expertise to outpace the competition.
This document provides an earnings report for H1 2012. Key highlights include:
- Net income surged 69.1% to RUB 1,204 million compared to H1 2011. Assets grew 5.9% and client funds increased 6.2%.
- Net interest income increased 37% to RUB 4,411 million driven by a rise in net interest margin to 4.7% from 3.7% in H1 2011.
- Non-performing loans fell to 8.08% of total loans and provisions covered overdue loans by 113%. Return on equity improved to 12.7%.
The document provides an investor update on AkzoNobel's Q3 2012 results. It includes the following key information:
1) EBITDA was up 7% at €540 million despite a 3% decline in volumes primarily due to the economic slowdown in Europe. Revenue was up 6% mainly driven by currencies and pricing actions.
2) A €2.5 billion impairment charge related to Decorative Paints intangible assets resulted in a net loss of €2.4 billion for the quarter. Adjusted EPS was €1.01.
3) The performance improvement program is on track but the economic environment remains a principal sensitivity given the continued weak demand and cautious customer ordering patterns.
This document provides an analysis and stock recommendation for Credit Corp Group Limited (CCP). It summarizes CCP's most recent financial results, which confirm the momentum of the company's corporate turnaround. The analyst upgrades the price target for CCP stock to A$2.29 based on two potential drivers of excess returns: 1) CCP is positioned for a price-to-book valuation re-rating as its current valuation implies no value for its business franchise; and 2) continued earnings growth driven by increased staff productivity and harvesting older purchased debt ledgers. The analyst maintains a "Buy" recommendation on CCP stock.
GT Industry Intelligence Unit - Retail 2012 AustraliaGrant Thornton
The retail industry in Australia saw increases in sales in May and June 2012, with sales rising 0.8% in May and 1.0% in June, the highest increase in over two years. However, analysts are only forecasting flat growth over the next 12 months given ongoing economic uncertainties from issues like the carbon tax and European debt crisis. Several large retail chains also announced store closure programs. The results show the retail market remains cautious but any acquisitions could provide opportunities for growth. Customer service and experience will be key for retailers to succeed in this environment.
The document provides an agenda and summary for a Merrill Lynch Banking & Financial Services Investor Conference. It includes the following:
1) An overview of JPMorgan Chase's 3Q08 results, noting declines in net income driven by higher credit costs, but revenue growth across most business lines.
2) Summaries of the Investment Bank and Retail Financial Services segments, highlighting improved trading results, higher deposits, but also increased credit costs and exposures to mortgage and leveraged lending.
3) Discussion of key risk exposures in mortgage-related assets and legacy leveraged lending, where significant reductions have occurred but challenges remain.
Future Capital Holdings (FCH) is a financial services provider in India with over Rs. 7.57 billion in net worth that aims to leverage its parent company Pantaloon Retail's large retail presence. FCH has brought on V. Vaidyanathan, a highly experienced banking executive, as its new Vice Chairman and Managing Director to lead its expansion into consumer and wholesale financing businesses. The company intends to significantly grow its balance sheet and deliver returns to shareholders by capitalizing on the large untapped market opportunities in India's growing financial sector.
Journal Communications, Inc. is a media company that operates newspapers, television stations, radio stations, and websites across 12 states. The company generates most of its revenue from advertising sales. The analyst initiates coverage of Journal Communications with a Neutral rating and $8 price target due to concerns about weak advertising spending in 2008 and the company's exposure to struggling real estate markets. However, the company is transforming its business model and expanding its faster-growing internet and broadcast segments. The analyst expects the company's performance to improve in late 2008 and 2009 as the economy recovers and advertising spending increases.
The document provides housing market statistics for the Greater Toronto Area in December 2012 and for all of 2012. It reports that home sales were down year-over-year in December 2012 but that the average home price increased 6.5% to $478,739. For the full year 2012, sales were down slightly from 2011 but the average home price rose almost 7% to $497,298. The summary also indicates that price growth was strongest for detached homes and that market conditions remained tight for these property types.
Stora Enso reported financial results for Q2 2012. Operational EBIT was EUR 141 million, similar to Q1 2012 levels. Cash flow from operations improved to EUR 246 million. Strategic investments are progressing to transform the company, including a new pulp mill in Uruguay and board machine in Sweden. Guidance for Q3 2012 expects sales similar to Q2 2012 and operational EBIT at similar or slightly higher levels.
1) Tata Consultancy Services (TCS) reported strong results for the first quarter of fiscal year 2012, outperforming expectations with revenue growth of 6.3% over the previous quarter and 31.4% over the same quarter of the previous fiscal year.
2) A key highlight was 7.4% quarter-over-quarter growth in business volumes. While profit margins declined due to wage hikes, net profit remained flat due to foreign exchange gains.
3) Management maintained a positive outlook, highlighting strong demand environment and deal pipeline, and expects pricing increases later in the fiscal year.
This document provides an overview of Genworth Financial's payment protection insurance business in Europe. Key highlights include that Genworth has been operating in Europe since 1972 and has a presence in multiple countries across Europe. The document discusses Genworth's product offerings, European market size, geographic and product dispersion, financial metrics, sales growth strategy, and European branding objectives.
Fifth Third Bancorp reported 2007 earnings of $1.1 billion, or $2.03 per diluted share, compared to $1.2 billion, or $2.13 per diluted share in 2006. Fourth quarter 2007 earnings were $38 million, or $0.07 per diluted share, compared to $325 million, or $0.61 per diluted share in the third quarter of 2007. Results were impacted by non-cash charges including lowering the value of a Bank-Owned Life Insurance policy and reserves related to potential Visa litigation settlements. Excluding these items, operating earnings were lower due to deterioration in credit performance and increased loan loss reserves in response to challenging credit conditions expected to continue in the near
Presentation des resultats financiers du troisieme trimestregenworth_financial
Genworth MI Canada Inc. reported solid third quarter 2012 results, with net operating income of $81 million and a return on equity of 12%. The company saw top line growth driven by high loan-to-value mortgage volumes. The loss ratio improved to 30% due to regional delinquency improvements and a stabilizing Alberta housing market. The company also increased its common dividend by 10% and maintains a strong capital base with a Minimum Capital Test ratio of 164%.
- 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.
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%.
Genworth MI Canada Inc. - Investor Presentation May/June 2013genworth_financial
1) Genworth MI Canada Inc. reported solid results for the first quarter of 2013, with net operating income of $85 million, an operating return on equity of 12%, and operating earnings per share of $0.86.
2) The company wrote $84 million in new mortgage insurance premiums in Q1 2013 and maintained a strong capital position with a minimum capital test ratio of 216%.
3) The company has a high quality investment portfolio of $5.3 billion with 49% invested in federal and provincial bonds and a pre-tax yield of 3.7%.
This document provides a summary of Genworth MI Canada Inc.'s results for the first quarter of 2013. Key highlights include:
- Net operating income of $85 million, up 12% from Q1 2012.
- Operating return on equity of 12%, consistent with prior year.
- $84 million in new mortgage premiums written in the quarter.
- Mortgage delinquency rates remained low across regions.
- Capital position remains strong at 216% of minimum requirements.
- 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 and financial results for Genworth MI Canada Inc. for the second quarter of 2013. Some key highlights include:
- 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%.
Genworth MI Canada Investor Presentation September 2014genworth_financial
This document provides an overview and summary of Genworth MI Canada Inc. It begins with forward-looking statements and an explanation of non-IFRS financial measures used. The summary then covers Genworth's business overview, solid financial performance in the first half of 2014, strategic priorities of prudently growing market position while managing risk, and key takeaways about Genworth's leading position and track record of profitability in the Canadian mortgage insurance market.
Himax Technologies Inc. is a fabless semiconductor company specializing in display imaging processing technologies. It provides display drivers and timing controllers for small to medium-sized LCD panels used in smartphones, tablets, and other devices. Himax has seen increasing revenue from its non-driver products like touch sensors, CMOS image sensors, and power management chips. While previously highly dependent on sales to one customer, Himax has diversified its customer base which has improved its financial performance and profitability in recent years.
Kellogg Company reported financial results for the second quarter of 2012. Net sales increased 2.3% internally to $3.47 billion. Operating profit declined 5% to $485 million due to commodity inflation and investment in supply chain and brand building. Kellogg reaffirmed its full-year outlook for 2-3% internal net sales growth and a 2-4% decline in internal operating profit, excluding Pringles.
cardinal health Q2 2007 Earnings Presentationfinance2
This document provides a summary of Cardinal Health's second quarter earnings for fiscal year 2007. It includes highlights such as revenue increasing 13% year-over-year to $21.8 billion and operating earnings growing 12% to $512 million. Each of the company's business segments saw revenue and operating earnings increases compared to the prior year quarter. The document also outlines Cardinal Health's financial targets for fiscal year 2007, including revenue growth of 8-10% and EPS growth of 12-15%.
Aimia confirmed its 2012 consolidated guidance, expecting to be at or above the top end of its guided ranges for adjusted EBITDA and free cash flow, and at the low end of the range for gross billings. For the third quarter of 2012, gross billings increased 1.4% to $529.8 million and adjusted EBITDA decreased 6.4% to $95.4 million, excluding noted items. Year-to-date, gross billings increased 2.5% to $1,615.3 million and adjusted EBITDA increased 7.1% to $280.4 million, excluding noted items. Aimia expects its full year performance to meet 2012 guidance.
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.
Genworth MI Canada Inc. is a private mortgage insurer in Canada. It insures first-time home buyers, with average home prices about 20% lower than the market. The housing market is stabilizing with slowing home price growth and flat outlook. Genworth has a well-diversified insurance portfolio with high credit quality borrowers and regional dispersion tracking mortgage originations.
Citigroup reported financial results for the third quarter of 2007. Net income was $2.2 billion, down 60% from the third quarter of 2006. Total assets reached $2.36 trillion at the end of the quarter, up 35% year-over-year. However, key capital ratios such as Tier 1 capital and leverage declined compared to the prior year. Earnings per share from continuing operations were $0.44, down 58% from the previous year. While several business segments saw revenue declines, Global Consumer revenues remained strong, particularly in U.S. Cards.
Mark Rajkowski, CFO of Credit Suisse, presented at the 2012 Global Paper & Packaging Conference. He outlined Credit Suisse's business model, which focuses on commercial excellence, innovation, and emerging markets to drive revenue growth of over 5% annually. This growth, combined with margin expansion through operational leverage and productivity, is expected to produce earnings growth of 7-10% and top quartile total shareholder returns.
The document provides LinkedIn's Q3 2012 results. Key metrics show continued growth in members, engagement, and website traffic. Revenue increased 48% year-over-year to $252 million, driven by growth in Talent Solutions and Marketing Solutions. Adjusted EBITDA was $65 million, representing a 26% margin. For Q4 2012, LinkedIn expects revenue of $270-275 million and adjusted EBITDA of $58-60 million.
Procter & Gamble reported financial results for the second quarter of fiscal year 2013, with organic sales growth of 6% overall. All reporting segments saw organic sales growth between 2-5%. Market share trends improved or were in-line for most categories. Core earnings per share grew 12% for the quarter, driven by top-line sales growth and productivity savings. For fiscal year 2013, the company increased guidance for organic sales growth to 3-4% and raised the core earnings per share growth outlook.
This document provides a statistical supplement with financial information for Ameriprise Financial, Inc. for the second quarter of 2006. It includes:
- Consolidated income statements and adjusted income statements excluding certain items
- Financial metrics and targets for revenue growth, earnings growth, and return on equity
- Information on managed assets, financial advisors, debt ratios, and other business metrics
- Segment income statements and selected financial details for the asset accumulation, protection, and corporate segments
The document contains financial summaries, income statements, business metrics, ratios and other key performance indicators to provide an overview of Ameriprise's financial performance and position in the second quarter of 2006.
The document provides an earnings presentation for United Stationers Inc. for the fourth quarter of 2012. Some key highlights include:
- Sales were up 3.6% compared to Q4 2011 and gross margin rate increased from 14.5% to 16.2%.
- Operating expenses increased from $127.8 million to $146.3 million while operating income increased from $45.9 million to $55.4 million.
- Net income increased from $27.9 million to $32.9 million and earnings per share increased from $0.65 to $0.81.
Citigroup reported financial results for the second quarter of 2007. Net income increased 18% year-over-year to $6.226 billion. Revenue grew across most business segments, led by a 64% increase in Markets & Banking revenue. Income from continuing operations rose 18% to $11.238 billion for the first half of the year. However, capital ratios declined slightly due to asset growth outpacing capital increases. Overall, Citigroup achieved strong revenue growth and higher profits compared to the previous year.
- LinkedIn reported its Q4 2012 results, with revenue of $305-310 million expected for Q1 2013 and $1.41-1.44 billion for full year 2013.
- Key metrics like member growth and engagement increased in Q4 2012 compared to previous periods.
- Revenue increased in Q4 2012 driven by growth across product lines and geographies.
- Adjusted EBITDA and net income increased in Q4 2012 both year-over-year and quarter-over-quarter.
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.
The document provides Embraer's 2013 outlook and perspectives. It summarizes 2012 delivery and backlog numbers. For 2013, Embraer expects net revenues between $5.9-6.4 billion and EBIT between $530-610 million. It expects modest global economic growth and continued airline industry profitability. Embraer will focus on developing new E-Jets and executive jet models while expanding its defense business. Investments in research, development and capital expenditures are budgeted at $580 million total for 2013.
The document provides a financial overview and updates Aimia's guidance for 2012 and objectives for 2013. It summarizes that:
1) Aimia is confirming its 2012 guidance ranges for gross billings growth, adjusted EBITDA, and free cash flow.
2) Aimia is confirming its objective of $425 million in adjusted EBITDA for 2013, excluding acquisitions and new business initiatives.
3) Aimia successfully refinanced its long-term debt, lowering borrowing costs and extending maturities.
This document summarizes Dover Corporation's fourth quarter 2007 earnings conference call. It discusses Dover's strong financial performance in Q4 and fiscal year 2007, with record revenue and earnings. Segment margins increased 20 basis points in Q4 and decreased 70 basis points for the full year. Organic growth was 2.8% in Q4 and 2.3% for fiscal year 2007. The document reviews performance and growth across Dover's various business platforms.
Citigroup reported financial results for the first quarter of 2006. Income from continuing operations increased 9% compared to the first quarter of 2005 to $5.6 billion. Global Consumer revenues decreased 1% to $12 billion, with U.S. Consumer revenues decreasing 9% due to declines in cards, retail distribution, and consumer lending. Corporate and Investment Banking revenues increased with Capital Markets and Banking revenues up 20% and Transaction Services up 22%. Overall, Citigroup revenues remained strong with continuing growth in international markets helping to offset declines in the U.S.
Citigroup reported its quarterly financial results. Total income from continuing operations increased 12% compared to the second quarter of 2002 to $4.3 billion. Revenues increased across most business segments, with Global Consumer up 18% and Global Corporate and Investment Bank up 2%. The Global Consumer segment saw strong growth in retail banking revenues of 63%. Total assets increased to $1.187 trillion in the second quarter of 2003, up from $1.083 trillion in the second quarter of 2002.
Similar to Q3 2012 Genworth MI Canada, Inc. Earnings Conference Call (20)
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.
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 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%.
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 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.
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 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 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 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%.
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:
- The agenda covers strategic outlook, dynamic risk management, financial strategy and insights, and a Q&A session.
- 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.
- For 2017, the company expects a stable to improving macroeconomic environment in Canada with GDP growth and a stable unemployment rate. Housing price depreciation is expected to
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. 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.
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 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.
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.
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%.
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 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.
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 Inc. reported strong financial results for the second quarter of 2014. Premiums written increased 17% year-over-year to $160 million due to higher market penetration and housing activity. Net operating income grew 12% to $99 million and operating EPS increased 17% to $1.04. Losses on claims declined to $17 million as the company benefits from a high quality insurance portfolio and favorable economic conditions. The minimum capital test ratio remained well above targets at 230%.
2. Speakers
Brian Hurley
Brian Hurley
Philip Mayers
Genworth MI Canada Inc. 2 Q3 2012 October 31, 2012
3. Forward‐looking and non‐IFRSs statements
This presentation includes certain forward‐looking statements. These forward‐looking statements include, but are not limited to,
statements with respect to the Company’s future operating and financial results, expectations regarding premiums written, capital
expenditure plans, dividend policy and the ability to execute on its future operating, investing and financial strategies, 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,” “expects,” “anticipates,” “contemplates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” or words of
similar meaning. 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 control of the Company. The
Company’s actual results may differ materially from those expressed or implied by such forward‐looking statements, including as a
C ’ t l lt diff t i ll f th d i li d b hf d l ki t t t i l di
result of changes in the facts underlying the Company’s assumptions, and the other risks described in the Company’s Annual
Information Form dated March 20, 2012, its Short Form Base Shelf Prospectus dated May 7, 2010, the Prospectus Supplements
thereto and all documents incorporated by reference in such documents. 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.
future developments or otherwise
To supplement its financial statements, the Company uses select non‐IFRSs financial measures. Non‐IFRSs measures used by the
Company to analyze performance include underwriting ratios such as loss ratio, expense ratio and combined ratio, as well as other
performance measures such as net operating income and return on net operating income. The Company believes that these non‐
IFRSs financial measures provide meaningful supplemental information regarding its performance and may be useful to investors
IFRSs 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‐IFRSs 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. To access the glossary, click on the “Glossary of Terms” link under
“Investor Resources” subsection on the left navigation bar. A reconciliation from non‐IFRSs financial measures to the most readily
comparable measures calculated in accordance with IFRSs can be found in the Company’s most recent financial statements, which
are posted on the Company’s website and are also available at www.sedar.com.
Genworth MI Canada Inc. 3 Q3 2012 October 31, 2012
4. Business delivered solid results
Q3 2012 Q2 2012 Q3 2011
Net operating income
p g $
$81 MM $79 MM $80 MM
$ $
Return on equity 12% 12% 13%
Operating earnings per share $0.82 $0.79 $0.79
(diluted)
Book Value Per Share (Diluted, including AOCI)
28.72
27.88
26.82
Q3 2011 Q2 2012 Q3 2012
Genworth MI Canada Inc. 4 Q3 2012 October 31, 2012
5. Highlights – Q3 2012
Demonstrated top line growth
p g
High ratio volumes reflect strong sales execution
Portfolio insurance volumes normalized in Q3 2012
Loss ratio improvement to 30%
Broad regional delinquency improvement
Improving Alberta housing market
Improving Alberta housing market
10% common dividend increase
Strong capital base with MCT of 164%
Genworth MI Canada Inc. 5 Q3 2012 October 31, 2012
8. Continued profitability
$ MM Q3 2012 Q2 2012 Q3 2011
(except EPS and BVPS)
(except EPS and BVPS)
Net premiums written $ 178 $ 176 $ 160
Premiums earned 147 148 149
Losses on claims (44) (48) (54)
Underwriting income 77 76 71
Investment income 39 40 44
(excluding gains / losses)
Net operating income $ 81 $ 79 $ 80
Operating EPS (diluted) $ 0.82 $ 0.79 $ 0.79
Genworth MI Canada Inc. 8 Q3 2012 October 31, 2012
9. Top line performance
Gross Premiums Written
($MM)
4 11
10 Solid sequential improvement in high
Portfolio 12 47
Low LTV loan‐to‐value volumes
11
11
Refinances Reflective of strong spring market
High LTV
Purchases 147 160 Anticipate Q4 will be impacted by
High LTV 121
government changes
government changes
Q
Q3 ‘11 Q
Q2 ‘12 Q3 12
Q3 ‘12
Gross PW 163 179 181
Risk (3) (3) (3)
Premium
Net PW $160 $176 $178
*“PW” is Premiums Written
Genworth MI Canada Inc. 9 Q3 2012 October 31, 2012
10. Consistent underwriting results
Underwriting Profit ($MM)
Premiums Earned $149 $148 $147
Losses on 44
Claims 54 48
Premiums earned stable
Expenses
24 25 26 Loss ratio of 30% reflects seasonal
decline in delinquencies
U/W Profit 76 77
77
C it t
Consistent combined ratios and
bi d ti d
underwriting profitability
Q3 2011 Q2 2012 Q3 2012
Loss Ratio 36% 32% 30%
Exp. Ratio 16% 17% 18%
Combined 52% 49% 48%
Genworth MI Canada Inc. 10 Q3 2012 October 31, 2012
11. Investment portfolio adds income stability
Preferred Shares
Preferred Shares
and Common Guarantee Fund,
Equity, 6% 15%
Primarily fixed income
Cash, 6%
C h 6%
96% of bonds ‘A’ or better
Total $5.2B 3.5 year duration
General Fund
$4.4B
$4 4B Federal, 15%
Federal 15% $304 MM common and preferred
$304 MM common and preferred
Corporates, 42% equities
4.1% book yield1
Provincial, 16%
Provincial, 16%
1. Pre‐tax equivalent book yield after dividend gross‐up of General
Portfolio (for the quarter ended September 30, 2012)
( q p , )
Genworth MI Canada Inc. 11 Q3 2012 October 31, 2012
12. Strong capital position with flexibility
Minimum Capital Test Ratio
164%
161% 160%
Internal MCT
Target
145%
Q3 2011 Q2 2012 Q3 2012
Leverage1 14% 13% 13%
ROE 13% 12% 12%
1. Debt to total capital
Genworth MI Canada Inc. 12 Q3 2012 October 31, 2012
13. Question and Answer
SAMANTHA CHEUNG
SAMANTHA CHEUNG
For further info: VP INVESTOR RELATIONS
905 287 5482
samantha.cheung@genworth.com
samantha cheung@genworth com
www.genworth.ca
Genworth MI Canada Inc. 13 Q3 2012 October 31, 2012