Genworth Performs Well At First Half Debut

Genworth Mortgage Insurance Australia (GMA) beat expectations with its maiden first half profit as a listed entity. A better claims experience has led management to upgrade FY14 guidance by around 8% relative to the prospectus. Lower claims and improved pricing had a positive impact on profitability with a commensurate reduction in the claims, or loss, ratio outlook versus the prospectus.

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