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.
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. 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 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.
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 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.
Rossi Residencial reported its 3Q13 and 9M13 operational and financial results. Operationally, new launches totaled R$665 million in 3Q13, in line with the company's strategic plan to focus on more profitable metropolitan regions. Gross sales were R$616 million in 3Q13. Financially, net revenue was R$492 million in 9M13, while adjusted EBITDA was R$405 million. The company generated R$199 million in operational cash flow excluding interest in 9M13.
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.
- Net revenue for the second quarter of fiscal 2016 was $511 million, down 10% from the previous year. Earnings per share were $0.32 excluding special items, down 3% from the previous year.
- Free cash flow on a trailing twelve month basis was $703 million, up 6% from the previous year and representing 32% of revenue.
- Guidance for the third quarter of fiscal 2016 forecasts revenue between $535-575 million and earnings per share between $0.38-0.44 excluding special items.
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. 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 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.
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 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.
Rossi Residencial reported its 3Q13 and 9M13 operational and financial results. Operationally, new launches totaled R$665 million in 3Q13, in line with the company's strategic plan to focus on more profitable metropolitan regions. Gross sales were R$616 million in 3Q13. Financially, net revenue was R$492 million in 9M13, while adjusted EBITDA was R$405 million. The company generated R$199 million in operational cash flow excluding interest in 9M13.
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.
- Net revenue for the second quarter of fiscal 2016 was $511 million, down 10% from the previous year. Earnings per share were $0.32 excluding special items, down 3% from the previous year.
- Free cash flow on a trailing twelve month basis was $703 million, up 6% from the previous year and representing 32% of revenue.
- Guidance for the third quarter of fiscal 2016 forecasts revenue between $535-575 million and earnings per share between $0.38-0.44 excluding special items.
Atradius / Credito y Caucion: Market-Monitor-Construction Industry February16Jaime Cubillo Fleming
The document provides an overview of the construction market in several countries. It notes that construction activity decreased 3% in France in 2015 and payment delays remain high, while growth is expected to accelerate to 3% in Germany in 2016, driven by increases in residential and public construction. In Italy, the recession in construction is expected to have bottomed out, but smaller players still face more troubles and banks remain reluctant to lend.
This document is the 4Q15 earnings release and conference call presentation for a bank. Key highlights include:
- The bank maintained a strong liquidity position with cash of R$1.5 billion.
- Loan portfolio decreased by 29.4% year-over-year to R$6.9 billion due to deleveraging.
- Net interest margin improved slightly to 3.2% compared to 3Q15.
- Personnel and administrative expenses declined 12.6% year-over-year through cost control measures.
- The bank continued liability management with a diversified funding portfolio and adequate terms.
May 4th 2016 investor relations presentationXOGroup
This document provides an overview of XO Group Inc., including its strategic transformation, leadership team, financial performance, and outlook. Key points include: XO Group is transforming its business under new leadership to focus on its #1 online wedding brand and growing baby brand, with the goal of achieving double digit revenue growth and 20% adjusted EBITDA margins. In Q1 2016, revenue grew 9% year-over-year and transactions revenue increased 83%, driven by strong registry and commerce results.
- 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.
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%.
The document provides an overview of Pine's business for 4Q15, including:
- A history of Pine since 1997 and profile of its focus on corporate clients.
- An overview of its three primary business lines: corporate credit, FICC (financial instruments), and Pine Investimentos (capital markets).
- Highlights of its financial results for 4Q15, including a 7.4% decrease in total funding and a 1.5% decrease in shareholders' equity from the prior quarter. Revenue contributions came from all business lines, and expenses declined 12.6% year-over-year through cost controls.
Genworth MI Canada Inc. reported its financial results for the first quarter of 2014. Net operating income increased 7% year-over-year to $91 million. The loss ratio was 20% and the expense ratio was 19%, leading to a combined ratio of 39%. The minimum capital test ratio remained strong at 229%. Genworth also announced a 15% average premium rate increase effective May 1, 2014 and successfully extended its debt maturity profile.
Cisco reported financial results for its first quarter of fiscal year 2017. Total revenue increased 1% year-over-year to $12.352 billion. Non-GAAP earnings per share grew 3% to $0.61. Service provider orders declined 12% year-over-year, impacting overall product order decline of 2%. Cisco continues to shift its business model to more recurring revenue streams such as software and subscriptions, with product deferred revenue from these areas growing 48% year-over-year. Cisco delivered results in line with its guidance while facing headwinds in some markets.
- Masco Corporation presented its third quarter 2016 earnings results, highlighting revenue growth of 2% year-over-year to $1.877 billion driven by strength in end markets and market share gains.
- Operating profit increased to $275 million, a margin of 14.7%, due to operating leverage from volume growth and productivity initiatives. However, operating profit was negatively impacted by a $21 million increase to warranty reserves.
- The presentation provided financial results by business segment, with plumbing products and builders' hardware driving growth, while cabinetry and windows saw mixed results. Management also discussed strengthening the balance sheet through debt repayment and share repurchases.
This document summarizes Cisco's Q3 Fiscal Year 2016 conference call. Some key points:
- Cisco delivered 3% year-over-year revenue growth to $12 billion despite an uncertain macro environment, with strength in security, collaboration, and next generation data center.
- Non-GAAP earnings per share grew 6% year-over-year. Cisco generated over $3 billion in operating cash flow and returned nearly $2 billion to shareholders.
- Momentum continues in key areas like security, collaboration, and transitioning revenue to recurring software and subscription models.
- Cisco provided financial guidance for Q4 FY2016, with projections for further revenue growth and earnings per share.
UGI reported record fiscal year 2016 earnings despite warm weather. Earnings were driven by contributions from growth initiatives and acquisitions. Looking ahead, UGI expects continued earnings growth of 16% in fiscal year 2017 from ongoing organic growth, strategic investments, and a return to more normal weather. UGI is well positioned for further growth with a strong balance sheet and cash flows.
- Third quarter earnings results presentation from Masco Corporation dated October 27, 2015
- Sales increased 4% excluding foreign currency effects, with North American sales up 3% and international up 4%
- Improved demand, operating leverage, cost control and cost productivity drove profit margin expansion and earnings growth despite currency headwinds
- All business segments showed strong profitability with margins expanding across most segments
Nielsen reported first quarter 2016 results with the following highlights:
- Revenue increased 5.2% to $1.5 billion driven by growth in both Watch and Buy segments.
- Adjusted EBITDA increased 7.2% to $402 million and margins expanded.
- Adjusted net income per share increased 10.9% to $0.51.
- The company reiterated full year 2016 guidance for revenue growth and adjusted EBITDA margin expansion.
- Q3 2014 highlights include strong performance in Canada driven by continued momentum with financial card partners and the refreshed Aeroplan program. EMEA growth slowed due to coalition programs.
- Gross billings increased 9.8% in Q3 driven by growth in Canada and proprietary loyalty businesses, offset by declines in US and APAC.
- Adjusted EBITDA was $63.9 million in Q3. Free cash flow before dividends was $56.3 million.
- 2014 guidance is confirmed with expected gross billings growth between 7-9% and adjusted EBITDA margin of approximately 12%.
Visa inc. q4 2016 financial results conference call presentationvisainc
Visa Inc. reported solid fiscal fourth quarter 2016 financial results, with net operating revenues increasing 19% year-over-year to $4.3 billion. Payments volume grew 33% to $1.86 trillion, and processed transactions increased 41% to 41.8 billion. For fiscal year 2017, Visa expects net revenue growth of 16-18% and adjusted earnings per share growth in the mid-teens.
1) The document discusses forward-looking statements and non-GAAP financial information presented by Morgan Stanley at its 5th Annual Laguna Conference on September 13, 2017.
2) It provides an overview of Ingersoll Rand, including its history, market capitalization, revenues, business segments, brands, and focus on global megatrends related to climate change, urbanization, and efficiency.
3) Ingersoll Rand has executed a consistent strategy focused on operational excellence, organic growth, dynamic capital allocation, and a winning culture, delivering top-tier revenue growth, margins, cash flow, and returns over recent years.
- Nielsen reported its 4th quarter and full year 2015 results on February 11, 2016.
- For the full year 2015, Nielsen saw revenue growth of 5.0% in constant currency and adjusted EBITDA growth of 7.2% in constant currency. Adjusted net income per share grew 12.4% in constant currency.
- Nielsen is executing on its strategic initiatives in Watch and Buy and reiterated its 2016 guidance for 4-6% constant currency revenue growth and 50-70 basis points of adjusted EBITDA margin expansion.
- Cisco held a Q1 FY2016 conference call to discuss financial results and business trends.
- Revenue grew 4% year-over-year to $12.7 billion. Non-GAAP earnings per share grew 9% to $0.59.
- Cisco is making investments to drive growth in cloud, software, and new markets while maintaining profitability.
- Guidance for Q2 FY2016 expects revenue growth of 3-5% year-over-year.
Masco Corporation held its 7th Annual Global Industrials and Materials Summit on June 8, 2016. John Sznewajs, Masco's CFO, discussed the company's transformation initiatives, outlook, and strategies for growth. Key points include:
- Masco has implemented a new management team and business model focused on operational excellence, portfolio management, and capital allocation. This has created a less cyclical business.
- The transformation has delivered stable revenues and strong profitability growth. Masco is positioned to continue outperforming through strategies leveraging its leading brands.
- Masco expects to generate over $2 billion in free cash flow over the next three years, allowing for investment, debt pay
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 strength with MCC ratio of 216%.
The document also notes proposals in the recent federal budget regarding the use of mortgage insurance that Genworth is currently in discussions with the government about.
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.
Atradius / Credito y Caucion: Market-Monitor-Construction Industry February16Jaime Cubillo Fleming
The document provides an overview of the construction market in several countries. It notes that construction activity decreased 3% in France in 2015 and payment delays remain high, while growth is expected to accelerate to 3% in Germany in 2016, driven by increases in residential and public construction. In Italy, the recession in construction is expected to have bottomed out, but smaller players still face more troubles and banks remain reluctant to lend.
This document is the 4Q15 earnings release and conference call presentation for a bank. Key highlights include:
- The bank maintained a strong liquidity position with cash of R$1.5 billion.
- Loan portfolio decreased by 29.4% year-over-year to R$6.9 billion due to deleveraging.
- Net interest margin improved slightly to 3.2% compared to 3Q15.
- Personnel and administrative expenses declined 12.6% year-over-year through cost control measures.
- The bank continued liability management with a diversified funding portfolio and adequate terms.
May 4th 2016 investor relations presentationXOGroup
This document provides an overview of XO Group Inc., including its strategic transformation, leadership team, financial performance, and outlook. Key points include: XO Group is transforming its business under new leadership to focus on its #1 online wedding brand and growing baby brand, with the goal of achieving double digit revenue growth and 20% adjusted EBITDA margins. In Q1 2016, revenue grew 9% year-over-year and transactions revenue increased 83%, driven by strong registry and commerce results.
- 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.
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%.
The document provides an overview of Pine's business for 4Q15, including:
- A history of Pine since 1997 and profile of its focus on corporate clients.
- An overview of its three primary business lines: corporate credit, FICC (financial instruments), and Pine Investimentos (capital markets).
- Highlights of its financial results for 4Q15, including a 7.4% decrease in total funding and a 1.5% decrease in shareholders' equity from the prior quarter. Revenue contributions came from all business lines, and expenses declined 12.6% year-over-year through cost controls.
Genworth MI Canada Inc. reported its financial results for the first quarter of 2014. Net operating income increased 7% year-over-year to $91 million. The loss ratio was 20% and the expense ratio was 19%, leading to a combined ratio of 39%. The minimum capital test ratio remained strong at 229%. Genworth also announced a 15% average premium rate increase effective May 1, 2014 and successfully extended its debt maturity profile.
Cisco reported financial results for its first quarter of fiscal year 2017. Total revenue increased 1% year-over-year to $12.352 billion. Non-GAAP earnings per share grew 3% to $0.61. Service provider orders declined 12% year-over-year, impacting overall product order decline of 2%. Cisco continues to shift its business model to more recurring revenue streams such as software and subscriptions, with product deferred revenue from these areas growing 48% year-over-year. Cisco delivered results in line with its guidance while facing headwinds in some markets.
- Masco Corporation presented its third quarter 2016 earnings results, highlighting revenue growth of 2% year-over-year to $1.877 billion driven by strength in end markets and market share gains.
- Operating profit increased to $275 million, a margin of 14.7%, due to operating leverage from volume growth and productivity initiatives. However, operating profit was negatively impacted by a $21 million increase to warranty reserves.
- The presentation provided financial results by business segment, with plumbing products and builders' hardware driving growth, while cabinetry and windows saw mixed results. Management also discussed strengthening the balance sheet through debt repayment and share repurchases.
This document summarizes Cisco's Q3 Fiscal Year 2016 conference call. Some key points:
- Cisco delivered 3% year-over-year revenue growth to $12 billion despite an uncertain macro environment, with strength in security, collaboration, and next generation data center.
- Non-GAAP earnings per share grew 6% year-over-year. Cisco generated over $3 billion in operating cash flow and returned nearly $2 billion to shareholders.
- Momentum continues in key areas like security, collaboration, and transitioning revenue to recurring software and subscription models.
- Cisco provided financial guidance for Q4 FY2016, with projections for further revenue growth and earnings per share.
UGI reported record fiscal year 2016 earnings despite warm weather. Earnings were driven by contributions from growth initiatives and acquisitions. Looking ahead, UGI expects continued earnings growth of 16% in fiscal year 2017 from ongoing organic growth, strategic investments, and a return to more normal weather. UGI is well positioned for further growth with a strong balance sheet and cash flows.
- Third quarter earnings results presentation from Masco Corporation dated October 27, 2015
- Sales increased 4% excluding foreign currency effects, with North American sales up 3% and international up 4%
- Improved demand, operating leverage, cost control and cost productivity drove profit margin expansion and earnings growth despite currency headwinds
- All business segments showed strong profitability with margins expanding across most segments
Nielsen reported first quarter 2016 results with the following highlights:
- Revenue increased 5.2% to $1.5 billion driven by growth in both Watch and Buy segments.
- Adjusted EBITDA increased 7.2% to $402 million and margins expanded.
- Adjusted net income per share increased 10.9% to $0.51.
- The company reiterated full year 2016 guidance for revenue growth and adjusted EBITDA margin expansion.
- Q3 2014 highlights include strong performance in Canada driven by continued momentum with financial card partners and the refreshed Aeroplan program. EMEA growth slowed due to coalition programs.
- Gross billings increased 9.8% in Q3 driven by growth in Canada and proprietary loyalty businesses, offset by declines in US and APAC.
- Adjusted EBITDA was $63.9 million in Q3. Free cash flow before dividends was $56.3 million.
- 2014 guidance is confirmed with expected gross billings growth between 7-9% and adjusted EBITDA margin of approximately 12%.
Visa inc. q4 2016 financial results conference call presentationvisainc
Visa Inc. reported solid fiscal fourth quarter 2016 financial results, with net operating revenues increasing 19% year-over-year to $4.3 billion. Payments volume grew 33% to $1.86 trillion, and processed transactions increased 41% to 41.8 billion. For fiscal year 2017, Visa expects net revenue growth of 16-18% and adjusted earnings per share growth in the mid-teens.
1) The document discusses forward-looking statements and non-GAAP financial information presented by Morgan Stanley at its 5th Annual Laguna Conference on September 13, 2017.
2) It provides an overview of Ingersoll Rand, including its history, market capitalization, revenues, business segments, brands, and focus on global megatrends related to climate change, urbanization, and efficiency.
3) Ingersoll Rand has executed a consistent strategy focused on operational excellence, organic growth, dynamic capital allocation, and a winning culture, delivering top-tier revenue growth, margins, cash flow, and returns over recent years.
- Nielsen reported its 4th quarter and full year 2015 results on February 11, 2016.
- For the full year 2015, Nielsen saw revenue growth of 5.0% in constant currency and adjusted EBITDA growth of 7.2% in constant currency. Adjusted net income per share grew 12.4% in constant currency.
- Nielsen is executing on its strategic initiatives in Watch and Buy and reiterated its 2016 guidance for 4-6% constant currency revenue growth and 50-70 basis points of adjusted EBITDA margin expansion.
- Cisco held a Q1 FY2016 conference call to discuss financial results and business trends.
- Revenue grew 4% year-over-year to $12.7 billion. Non-GAAP earnings per share grew 9% to $0.59.
- Cisco is making investments to drive growth in cloud, software, and new markets while maintaining profitability.
- Guidance for Q2 FY2016 expects revenue growth of 3-5% year-over-year.
Masco Corporation held its 7th Annual Global Industrials and Materials Summit on June 8, 2016. John Sznewajs, Masco's CFO, discussed the company's transformation initiatives, outlook, and strategies for growth. Key points include:
- Masco has implemented a new management team and business model focused on operational excellence, portfolio management, and capital allocation. This has created a less cyclical business.
- The transformation has delivered stable revenues and strong profitability growth. Masco is positioned to continue outperforming through strategies leveraging its leading brands.
- Masco expects to generate over $2 billion in free cash flow over the next three years, allowing for investment, debt pay
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 strength with MCC ratio of 216%.
The document also notes proposals in the recent federal budget regarding the use of mortgage insurance that Genworth is currently in discussions with the government about.
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.
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%.
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 solid results for the first quarter of 2013. Key highlights included:
- Net operating income of $85 million, in line with Q1 2012 results.
- Continued prudent risk management with a loss ratio of 31%.
- Strong capital position with a Minimum Capital Test ratio of 216%.
- Book value per share increased to $31.32, up 15% year-over-year.
This document provides a summary of Genworth MI Canada Inc.'s presentation at the BMO Fixed Income Conference on June 13, 2013. It discusses Genworth's solid Q1 2013 financial results, including premiums written, loss ratios, and profitability metrics. It also outlines Genworth's risk management framework and focus on macroeconomic factors, underwriting discipline, and portfolio risk management. Additionally, it presents expectations for ongoing stability and a soft landing in the Canadian housing market supported by moderating unemployment.
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. 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.
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.
Genworth MI Canada Inc. reported increased profitability in Q3 2013 compared to Q3 2012. Net operating income was up 12% to $91 million and operating EPS was up 15% to $0.94. Premiums written were $161 million, down 9% from last year due to slower housing activity. The loss ratio improved to 22% from 30% last year. The investment portfolio remains high quality at $5.3 billion with a pre-tax yield of 3.7%. The MCT ratio remains strong at 218% and the company repurchased $55 million in shares. Overall, the company demonstrated stable performance with improving underwriting results.
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.
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
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%.
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 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%.
The document is Myers Industries' fourth quarter and full year 2015 earnings presentation. It summarizes key financial results including a 9% decline in Q4 net sales and flat full year net sales on a constant currency basis. Adjusted gross margin increased 350 basis points to 29.9% for the full year. It also provides an outlook for 2016 with served markets expected to be flat to down low single digits and initiatives focused on margin growth and SG&A reductions.
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.
The document provides an investor update from McGraw-Hill Global Education Holdings for Q3 2015. It highlights that digital adjusted revenue grew 21% year-over-year driven by Connect sales. Total adjusted revenue declined slightly due to unfavorable foreign exchange rates impacting the international business. Adjusted EBITDA grew 6% year-over-year as digital revenue growth and cost savings offset continued investment in digital platforms. The company has significant liquidity and a net leverage ratio of 2.9x as of the end of Q3 2015.
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%.
Atento reported its financial results for the fourth quarter and full year of 2015. Revenue grew 8.4% in Q4 and 9.6% for the full year, driven by new client wins and growth in higher-value solutions. Adjusted EBITDA grew 6.7% for the full year despite margin compression from inflation and new client ramp-ups. For 2016, Atento expects revenue growth of 1-5% and adjusted EBITDA margins of 11-12%, focusing on growth, profitability, and debt reduction.
Atento provided its second quarter results for fiscal year 2016, highlighting growth, profitability, and liquidary priorities. Revenue declined slightly on a constant currency basis due to macroeconomic pressures in Brazil, though growth in the Americas nearly offset this. Adjusted EBITDA increased slightly with margins stable at 12%. Free cash flow before interest was strong at $39.4 million due to working capital improvements. Atento reaffirmed full year 2016 guidance and remains focused on balancing growth, profits, and reducing debt levels.
Atento reported its fiscal 2016 fourth quarter and full year results. Revenue declined 4.2% in Q4 but grew 2.4% from multisector clients. Adjusted EBITDA margin was maintained at 13.3% in Q4 through cost discipline. Strong free cash flow of $90 million was generated in Q4. For the full year, revenues declined 1.4% while adjusted EBITDA margins, free cash flow, and leverage met objectives. Management expects a return to revenue growth of 1-5% in fiscal 2017 through continued multisector expansion while maintaining margins and cash generation.
- TE Connectivity reported record Q3 adjusted EPS of $1.08, up 20% year-over-year and above guidance.
- Sequential increases in revenue of 6% and orders of 7% were driven by growth in harsh environment businesses.
- For Q4, revenue is expected to be $3.35 billion at the mid-point with adjusted EPS of $1.20, including the impact of an extra week.
- Full year adjusted EPS guidance was reiterated at $4.00, up 11% year-over-year, on slightly reduced revenue of $12.25 billion at the mid-point.
Atento provided an investor presentation summarizing its third quarter performance and long term strategy. Key highlights included 9.4% revenue growth and 4.2% increase in adjusted EBITDA. Adjusted EBITDA margin declined 120 basis points due to shifts in country and revenue mix. The presentation discussed progress on strategic initiatives like growth in non-telco verticals and solutions. Atento is well positioned for long term growth in the CRM/BPO market, but near term macro challenges could pressure margins.
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%.
Progressive Waste Solutions Third Quarter 2014 Financial Results ProgressiveWaste
- Total company revenue increased 0.1% compared to Q3 2013, but grew 2.0% excluding the impact of foreign exchange. Organic revenue growth was 2.2% driven by higher price and volume.
- Adjusted EBITDA increased 3.7% to $139.8 million compared to Q3 2013. Adjusted EBITDA margins improved to 26.8% from 25.9% in Q3 2013.
- Capital expenditures decreased to $73.4 million from $97.8 million in Q3 2013, with lower spending on replacement capital. The company expects full year 2014 adjusted EPS and free cash flow to be higher than previously expected.
- First quarter 2015 financial results showed solid performance with revenue increasing 8.2% on a constant currency basis and organic revenue growth of 6.1%. Adjusted EBITDA grew 3.4% and the adjusted EBITDA margin was maintained at 44.8%.
- Information segment organic revenue grew 6.3% driven by new business wins. Solutions segment organic revenue grew 14.4% due to growth in managed services and enterprise software. Processing segment organic revenue declined 2.4%.
- The company continues to maintain a strong balance sheet and reduced net debt by 28.3% through strong operating cash flow and cash inflows from option exercises.
Textura Corporation reported revenue of $21.3 million for the quarter ended June 30, 2015, up 42% year-over-year. Adjusted EBITDA was $2.3 million compared to negative $2.2 million in the prior year period. For the full year 2015, the company expects revenue between $88-92 million and adjusted EPS of $0.15-0.20. Textura provides construction collaboration solutions and has approximately $200 billion in construction value active on its platform.
The document provides an earnings summary and outlook for Q2 2016. Key points include:
- Adjusted EPS was above guidance despite a challenging macro environment.
- Transportation orders remained solid while Industrial orders grew quarter-over-quarter.
- Guidance for Q3 2016 projects adjusted EPS growth of 14% year-over-year.
- Full year 2016 guidance reiterates sales of $12.1-12.5 billion and adjusted EPS of $3.90-4.10.
- 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.
Textura Corporation reported quarterly results ending September 30, 2015. Revenue grew 38% year-over-year to $22.5 million, with billings up 39% to $26.1 million. Adjusted EBITDA was $3.1 million compared to a loss of $1 million in the prior year. For the full year, the company expects revenue to grow between 29-34% and adjusted earnings per share to be between $0.07-0.10. Textura provides construction collaboration solutions to manage over $193 billion in construction value and continues to invest in growth.
Q3 15 results presentation final unencryptedInvestorMarkit
- Markit reported financial results for Q3 2015 with total revenue of $277.3 million, up 2.8% year-over-year
- Revenue growth was driven by 5.6% constant currency growth, including 5.1% organic growth in Information and 13.1% organic growth in Solutions
- Adjusted EBITDA was $123.5 million, with an adjusted EBITDA margin of 44.9% maintained from prior year
- Adjusted earnings were $68.2 million, with adjusted diluted EPS of $0.37
- Results reflected continued investment in new products and acquisitions including DealHub and CoreOne Technologies
Q1 16 results presentation final unencryptedInvestorMarkit
- Markit reported revenue of $287.8 million for Q1 2016, up 7.8% on a constant currency basis with 1% organic growth and 6.8% from acquisitions.
- Information segment grew revenue 7.4% to $129.5 million driven by strong pricing and reference data products and a 4.1% contribution from CoreOne acquisition.
- Processing revenue declined 7.6% to $62.3 million due to lower rates and credit volumes as well as adverse FX, partially offset by 4.6% from DealHub.
- Solutions revenue was up 15% to $96 million including 4% organic growth and 12.5% from acquisitions such
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 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
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.
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 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.
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.
Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
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2. Q3 2015Genworth MI Canada Inc. 2
Forward-Looking and Non-IFRS Statements
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 Company’s future operating and financial results, expectations
regarding premiums written, losses on claims and investment income, 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 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 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 23, 2015, its Short
Form Base Shelf Prospectus dated June 18, 2014, the Prospectus Supplements thereto, its most recently issued 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. Non-IFRS financial measures
include net operating income, interest and dividend income (net of investment expenses), operating earnings per common share
(basic), operating earnings per common share (diluted), shareholders’ equity excluding accumulated other comprehensive income
(“AOCI”), operating return on equity and underwriting ratios such as loss ratio, expense ratio and combined ratio. 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. Q3 2015Genworth MI Canada Inc. 3
$0.96 $1.03
$1.04 $0.99
$0.97 $1.00
2014 YTD 2015 YTD
$34.57
$35.02
$36.07 $36.18 $36.14
Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015
Q3 2015 financial results
$MM except ROE,
EPS and MCT
Q3
2015
Q2
2015
Q3
2014
Q/Q Y/Y
Premiums written $260 $205 $217 +27% +20%
Loss ratio 21% 17% 21% +4 pts Flat
Net Operating Income $92 $92 $93 Flat Flat
Operating ROE 12% 12% 12% Flat Flat
Operating EPS
(diluted)
$1.00 $0.99 $0.97 +1% +3%
MCT 1 227% 231% 224% -4 pts +3 pts
Book Value Per Share (diluted, including AOCI)
Highlights
Strong top line growth of +20% Y/Y
Loss ratio of 21%
Operating income flat Q/Q
Consistent ROE performance
Ongoing capital strength
Q4 dividend increase of 8% to $0.42 per share
Operating EPS (diluted)
1 3Q15 based on company estimate.
$2.96
Q1
Q2
Q3
$3.02
4. Q3 2015Genworth MI Canada Inc. 4
431 395 407 344 365
281 271 263
228 203
207 222 220
227 258
516 569 584
579 578
199 207 216
191 198
74 92 102
97 113
Q3'14 Q4'14 Q1'15 Q2'15 Q3'15
1,708 1,756 1,792 1,666 1,715
Outstanding Delinquencies
Ontario
BC2
Alberta
Quebec
Atlantic Highlights
Delinquencies up 3% Q/Q, primarily reflecting
seasonality
Modest increase in Alberta and Ontario
delinquencies
Delinquency rates relatively flat over the past
year
Prairies1
Based on reported outstanding balances
Delinquency Rates3 Q4’14 Q1’15 Q2’15 Q3’154
Transactional 0.30% 0.31% 0.29% n.a.
Portfolio 0.09% 0.08% 0.07% n.a.
Total 0.22% 0.22% 0.20% n.a.
1 Prairies include MB and SK. 2 BC includes the Territories. 3 Delinquency rates are based on outstanding insured mortgages as at the end of the quarter and exclude delinquencies that
have been incurred but not reported. 4 Outstanding mortgage insured balances are reported on a one quarter lag.
Stable delinquency trend
Relatively flat YoY
5. Q3 2015Genworth MI Canada Inc. 5
STRONG CREDIT PROFILE WITH AVERAGE CREDIT SCORE OF 744
Q3 2015 Genworth’s served market
City Average Home Price
Average
Income
Average
Gross Debt
Servicing
Average
Credit
Score
Genworth Market % Variance Genworth Genworth Genworth
Vancouver $519K $881K -41% $125K 28% 754
Toronto $472K $626K -25% $107K 29% 750
Calgary $425K $454K -6% $109K 27% 749
Montreal $280K $340K -18% $86K 25% 750
Rest of
Canada
$297K $376K -21% $95K 23% 742
Canada $328K $442K -26% $97K 24% 744
Note: Q3’15 data; Genworth averages for purchase deals only, market averages from CREA; market “Rest of Canada” calculated by using weighted averages of CREA cities
GENWORTH’S AVERAGE HOME PRICE ~26% LOWER THAN MARKET AVERAGE…
6. Q3 2015Genworth MI Canada Inc. 6
($MM except EPS and BVPS) Q3’15 Q2’15 Q3’14
Transactional premiums written $236 $183 $191
Portfolio premiums written 24 22 25
Premiums written $260 $205 $217
Premiums earned 148 144 140
Losses on claims (31) (25) (30)
Expenses (28) (29) (24)
Underwriting income $89 $90 $87
Investment income
(excl. realized gains / losses)
42 42 43
Net operating Income $92 $92 $93
Diluted operating EPS $1.00 $0.99 $0.97
Book value per share
(diluted, incl. AOCI)
$36.14 $36.18 $34.57
Highlights
Premiums Written higher by 20% Y/Y
primarily due to market penetration and
2014 & 2015 premium rate increases
Premiums Earned increased by 3% Q/Q
and 5% Y/Y as a result of the larger
recent books
Loss ratio of 21%, up 4 pts Q/Q
consistent with typical seasonality
Consistent investment income Q/Q
Core operating income flat Q/Q
Book value per share up 5% Y/Y
Solid financial performance
8. Q3 2015Genworth MI Canada Inc. 8
87 76
87 90 89
24
30
24 29 28
30 37 31
25 31
Q3'14 Q4'14 Q1'15 Q2'15 Q3'15
Underwriting Profitability
Underwriting
profit
Expenses
Losses on claims
Loss ratio 21% 26% 22% 17% 21%
Expense ratio 17% 21% 17% 20% 19%
Combined ratio 38% 47% 39% 37% 40%
New delinquencies
net of cures
412 489 432 319 440
($millions)
Highlights
Consistently strong underwriting
performance
YTD loss ratio of 20% at bottom of full
year loss ratio target range of 20 to 30%
New delinquencies net of cures
normalized in Q3 from seasonal low in Q2
Modest increase in the number of new
delinquencies in Alberta
Expense ratio of 19% in line with target
Premiums earned $140 $143 $143 $144 $148
Solid underwriting profitability
9. Q3 2015Genworth MI Canada Inc. 9
Total Invested Assets
1 Market value, includes CLOs. 2 Pre-tax equivalent book yield after dividend gross-up of general portfolio (as at September 30, 2015).
Portfolio
Invested assets and cash (market value) $5.7 billion
Pre-tax yield2 3.3%
Duration 3.8 years
Highlights
Focus on high quality investments
93%1 of the portfolio is fixed income, 100%
of which is Investment Grade
Low rate environment continues to pressure
investment yield
Investments contribute steady income
Corporates,
41%
Federal,
34%
Provincial,
18%
Cash, 4%
Fixed income rating distribution:
AAA = 43%
AA = 20%
A = 27%
BBB = 10%
High-quality
fixed income
securities
Preferred
Equity, 3%
Total
Portfolio
of C$5.7
billion
10. Q3 2015Genworth MI Canada Inc. 10
3,329
3,353
3,404
3,466
116
198
165
117
Jan. 1/15 1Q15 2Q15 3Q15
Minimum Capital Test Ratio (MCT)
(amounts in C$M, MCT in %)1,2
Capital at
220%
Excess
capital over
220%
Highlights
Increased dividend in Q3’15 by 8% to $0.42 per
share
Holding company cash and liquid securities of
$120 million
Intend to operate moderately above the 220%
MCT holding target
Focused on deploying capital to support organic
growth opportunities
BALANCING CAPITAL STRENGTH, FLEXIBILITY AND EFFICIENCY
Strong capital position
228% 233% 231% 227%
Holdco cash3 $143M $158M $105M $120M
1 MCT denotes ratio for operating insurance company. 2 3Q15 MCT based on company estimate. 3 Represents capital in addition to capital in operating insurance company.
11. Q3 2015Genworth MI Canada Inc. 11
Alberta: Proactive risk management
Regional NIW Dispersion
(Transactional)1
27%
24% 21%
37%
35% 42%
12% 16% 10%
12% 13% 13%
13% 11% 13%
0%
20%
40%
60%
80%
100%
2014 1H2015 3Q2015
Alberta Ontario Quebec B.C. Other
Highlights
Underwriting actions resulting in smaller but
better quality Alberta portfolio in 2015
Reduced exposure to areas in Alberta that are
more dependent on oil and gas sector
Slower housing markets in Calgary and
Edmonton however prices remain flat year-to-
date
GEOGRAPHICALLY DIVERSIFIED … ALBERTA EXPOSURE REDUCED TO 21%
1 BC includes the Territories.
Alberta
12. Q3 2015Genworth MI Canada Inc. 12
Alberta: Portfolio quality
Highlights
Steady credit score improvement year-
over-year
Less exposure to higher risk products
and borrowers for > 80% LTV
No > 95% LTVs
No re-finances
No > 25 year amortization mortgages
No investment properties
Modest home price increases
Stable debt servicing ratios
Average
Credit Score
Average
Home Price
Average
Gross Debt
Service Ratio
17%
5%
713
738
0%
5%
10%
15%
20%
'07 '08 '09 '10 '11 '12 '13 '14 ' 15
YTD
700
710
720
730
740
750
% Score <660 (R) Avg Score (L)
25 25 24 25 25 24 24 25 24
'07 '08 '09 '10 '11 '12 '13 '14 '15 YTD
(%)
317 332 327 344 352 355 359 374 382
'07 '08 '09 '10 '11 '12 '13 '14 '15 YTD
ALBERTA PORTFOLIO QUALITY SIGNIFICANTLY IMPROVED COMPARED TO ‘07/08
13. Q3 2015Genworth MI Canada Inc. 13
2016 loss ratio expectations
PRELIMINARY LOSS RATIO RANGE: MID-20% TO MID-TO-HIGH 30%
1 Canadian Bankers Association.
2 2009 excludes the impact of the change to the premium recognition curve in the first quarter
of 2009.
* CBA delinquency rates as of Q2 2015.
0%
10%
20%
30%
40%
50%
0.0%
0.1%
0.2%
0.3%
0.4%
0.5%
0.6%
0.7%
0.8%
0.9%
2006
2007
2008
2009
2010
2011
2012
2013
2014
'15YTD*
Canada Loss Ratio - MIC
2016 Loss
Ratio Range
Highlights
Annual loss ratio peaked in 2009 at 42% as
house price over-valuation in Alberta and
high risk products contributed to elevated
loss ratios between 2009-11
Impact of lower oil prices should be less
severe on MIC’s loss ratio this cycle
Conservative product suite
Better credit quality
Less overvaluation risk
Canada delinquency rate should benefit
from stronger economic conditions in non-oil
producing regions
MIC Loss Ratio & CBA1 Delinquency Rates2
Alberta
delq. rate
Canada
delq. rate
CBA Delinquency
Rates
MIC Loss
Ratio
14. Q3 2015Genworth MI Canada Inc. 14
2015
Objective
2015
YTD
Observations
New Insurance Written
Transactional Volume
Moderate
Growth
19%
Realizing market share gains in a larger
origination market while maintaining strong
portfolio quality
Average Credit Score > 725 742
Gross Debt Servicing < 26% 24%
Losses on Claims
Loss Ratio 20 to 30% 20% Reflects stable unemployment and modest
house price appreciation combined with
proactive risk managementWorkout Penetration > 50% 57%
Underwriting performance scorecard
EXECUTING WELL ON 2015 OBJECTIVES
15. Q3 2015Genworth MI Canada Inc. 15
Key takeaways
Solid results this quarter with strong
profitability and top line growth
Prudent market share expansion with
keen focus on portfolio quality &
diversification
Proven business model
Well-positioned for solid operating
performance
16. Q3 2015Genworth MI Canada Inc. 16
Genworth MI Canada Inc.
Question & Answer
Session
Investor Relations
investor.genworthmicanada.ca
Jonathan A. Pinto, MBA, LL.M
Vice President, Investor Relations
jonathan.pinto@genworth.com
905.287.5482