Genworth: generally worth more

Wilson Asset Management

Wilson Asset Management

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)


Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.