largest private residential mortgage insurer in Canada
total assets As at December 31, 2013
shareholders' equity As at December 31, 2013
Enabling responsible homeownership for Canadians and creating value for all stakeholders.
To be the leader in managing mortgage default risk in Canada, by providing innovation and thought-leadership to the marketplace, delivering value to our customers and preserving the safety and soundness of the Canadian housing market.
Heart
Excellence
Integrity
Strong Market Presence
Long-Standing Customer Relationships
Disciplined Underwriting Practices
Prudent Risk Management
Impressive Long-Term Track Record
Seasoned Management Team
Chairman and CEO Brian Hurley shares business highlights of 2013 and perspectives on the market and the business for 2014 and beyond.
Canada has had an active private mortgage insurance industry since 1964, when MICC commenced operations. In 1995, Genworth Financial (when it operated as part of General Electric) acquired certain assets and hired certain employees from MICC to establish its Canadian private mortgage business. The Company operated as part of General Electric for almost a decade.
General Electric completed an initial public offering of Genworth Financial (NYSE:GNW). Genworth Canada remained an indirect wholly-owned subsidiary of Genworth Financial.
Genworth MI Canada Inc. completed its initial public offering and began trading on the TSX under the “MIC” symbol. Genworth Financial in the United States remains a majority shareholder owning 57.5% of the common shares of Genworth Canada.
(as of December 31, 2013)
TSX Ticker Symbol
Market Capitalization
Minimum Capital Test Ratio
Shares Outstanding
Shareholder’s Equity
Genworth Canada has been paying a regular dividend every quarter since its first payment post IPO in December 2009.
($ in millions)
(%)
($/share)
All currencies are in Canadian dollars. *2012: Including a one-time adjustment of $122 million, the net operating income would have been $462 million.
Genworth MI Canada Inc. S&P Issuer Rating
A- Stable
DBRS Issuer Rating
AA (low) Stable
Genworth Mortgage Insurance Company S&P Financial Strength Rating
AA- Stable
DBRS Financial Strength Rating
AA Stable
Vice President, Investor Relations 905-287-5482 samantha.cheung@genworth.com
Director, Communications 905-287-5520 lisa.azzuolo@genworth.com
