GMA 3.73% $2.58 genworth mortgage insurance australia limited

News: GMA Genworth Mortgage Insurance Australia Declares Final Dividend Of 7.5 Cents Per Share

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    Feb 5 (Reuters) - Genworth Mortgage Insurance Australia Ltd (GMA) :

    • FULLY FRANKED FINAL ORDINARY DIVIDEND OF 7.5 CENTS PER SHARE
    • FY STATUTORY NET PROFIT AFTER TAX $120.1 MILLION VERSUS $75.7 MILLION
    • FY UNDERLYING NPAT $97.0 MILLION VERSUS $93.9 MILLION
    • NEW INSURANCE WRITTEN INCREASED 20.3% TO $26.7 BILLION IN FY19
    • NATIONAL HOUSE PRICES CONTINUED TO RECOVER DURING 4Q19
    • NET EARNED PREMIUM UP 6.0% FROM $281.3 MILLION IN FY18 TO $298.2 MILLION IN FY19
    • FY20 LOSS RATIO IS EXPECTED TO BE BETWEEN 45% AND 55%
    • COULD SEE TEMPORARY UPTICK IN DELINQUENCIES IN COMING MONTHS DUE TO BUSHFIRES
    • FY20 NEP IS EXPECTED TO BE WITHIN RANGE OF -5% TO +5% OF FY19 NEP
    • CONTINUES TO TARGET A FY20 ORDINARY DIVIDEND PAYOUT RATIO RANGE OF 50% TO 80% OF UNDERLYING NPAT
    • AUSTRALIAN BUSHFIRES WILL HAVE INSIGNIFICANT IMPACT TO BUSINESS
    • SEES INSIGNIFICANT BUSHFIRES IMPACT, EXPOSURE LIKELY LIMITED TO ECONOMIC DOWNTURN IN IMPACTED REGIONS
 
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