our-story
Our
Story

Our Company

largest
private residential
mortgage insurer
in Canada maple leaf

$5.7 billion

total assets
As at December 31, 2013

$3.1 billion

shareholders' equity
As at December 31, 2013

Our Mission

Enabling responsible homeownership for Canadians and creating value for all stakeholders.

Our Vision

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.

Our Values

heart

Heart

badge

Excellence

lock

Integrity

Our Priorities

  • Chairman and Chief Executive Officer
    Brian Hurley

    Chairman and CEO Brian Hurley shares business highlights of 2013 and perspectives on the market and the business for 2014 and beyond.

  • Chairman and Chief Executive Officer
    Brian Hurley

    Mortgage Default Insurance, commonly referred to as Mortgage Insurance, allows homebuyers to achieve the dream of homeownership with a low down payment.

Our History

The Evolution of the Mortgage Insurance Industry and Genworth Canada
  • 1995: the beginning

    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.

  • 2004: Genworth Financial starts trading on NYSE

    General Electric completed an initial public offering of Genworth Financial (NYSE:GNW). Genworth Canada remained an indirect wholly-owned subsidiary of Genworth Financial.

  • 2009: Genworth Canada IPO, starts trading on TSX

    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.

Key Facts

Focused on Strong Business Execution
market facts

(as of December 31, 2013)

MIC

TSX Ticker Symbol

$3.5 billion

Market Capitalization

223%

Minimum Capital
Test Ratio

94.9 million

Shares Outstanding

$3.1 billion

Shareholder’s Equity

Dividend History ($/share)

Genworth Canada has been paying a regular dividend every quarter since its first payment post IPO in December 2009.

Strong Financial Track Record
Net Premiums Written

($ in millions)

Net Premiums Earned

($ in millions)

Loss Ratio

(%)

Book Value
Per Share
(incl. AOCI)

($/share)

Net Operating Income

($ in millions)

All currencies are in Canadian dollars.
*2012: Including a one-time adjustment of $122 million, the net operating income would have been $462 million.

Credit Ratings

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

Investment Portfolio
info

(as of December 31, 2013)

Total $5.4 billion
Investor Contact
samantha
Samantha
Cheung

Vice President, Investor Relations
905-287-5482
samantha.cheung@genworth.com

Media Contact
lisa
Lisa
Azzuolo

Director, Communications
905-287-5520
lisa.azzuolo@genworth.com

DOWNLOAD FACTSHEET

View full 2013

ANNUAL REPORT

Genworth Canada's cash-based contributions to community causes in 2013 totalled

$735,000

Learn more about Genworth Canada's Corporate Social Responsabilities

News Releases

Latest Presentation
September 4, 2014 Brian Hurley presents at the Scotiabank Financials Summit 2014 in Toronto
View this Presentation (PDF 637 KB)

Share
Price

  • TSX
  • MIC
  • Price
  • Cours
  • 37.60
  • Change (%)
  • Variation (%)
  • +0.04 (+0.11%)
  • Volume
  • 85,313
September 15, 2014 - 3:59 PM ET Note: Minimum 20 minute delay