Genworth: generally worth more
Genworth: generally worth more. Mortgage insurance business, Genworth (ASX: GMA) published its third quarter results last week. The strong update included an upgrade to profit guidance to a new range of $250-$270 million of Net Profit After Tax (NPAT). This marked the second profit upgrade in its short listed life of only six months. Genworth is experiencing lower loss volumes across its book and is being assisted by the buoyant housing market. We own GMA in the investment portfolio. Read our full weekly investor update here: (VIEW LINK)