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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Genworth MI Canada Inc.    MIC   CA37252B1022

GENWORTH MI CANADA INC.

(MIC)
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Genworth MI Canada Inc. : Schedules Third Quarter 2020 Earnings Conference Call for November 3rd, 2020

10/16/2020 | 05:02pm EST

TORONTO, Oct. 16, 2020 /CNW/ - Genworth MI Canada Inc. (the "Company") (TSX: MIC) today announced it will issue its earnings release and financial supplement containing the quarterly results after the market closes on November 2nd, 2020. A conference call will be held the following day, November 3rd, 2020, at 10:00 AM (ET) to discuss the results for the quarter. Investor materials will be available on the Company's website, https://www.sagen.ca/about/investor-relations/, in advance of the call.

Genworth MI Canada Inc.'s conference call will be accessible via telephone and via webcast on the Company's website at 10:00 am ET (Local: 647-792-1240, Toll free: 1-800-430-8332, Conference ID: 1665720).  The call is accessible via telephone and by audio webcast on the Company's website.  If listening via webcast, participants are encouraged to pre-register for the webcast through the Company's website.  Slides to accompany the call will be posted just prior to its start. A replay of the call will be available until December 3rd, 2020 (647-436-0148 or 1-888-203-1112, replay passcode: 1665720). The webcast will also be available for replay on the Company's website for a period of approximately 45 days following the call. 

About Genworth MI Canada Inc.

Genworth MI Canada Inc. (TSX: MIC) recently changed its brand name from Genworth MI Canada to Sagen MI CanadaTM1. The Company, operating through its subsidiary, Genworth Financial Mortgage Insurance Company Canada doing business as SagenTM2, is the largest private sector residential mortgage insurer in Canada.  The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. Sagen differentiates itself through customer service excellence, innovative processing technology, and a robust risk management framework. For more than two decades, Sagen has supported the housing market by providing thought leadership and a focus on the safety and soundness of the mortgage finance system.  As at June 30th, 2020, the Company had $6.9 billion total assets and $3.6 billion shareholders' equity. Find out more www.sagen.ca.

Contact Information:
Investors:  Aaron Williams, 905-287-5504 aaron.williams@sagen.ca
Media:  Susan Carter, 905-287-5520 susan.carter@sagen.ca

_______________________

1 Sagen MI CanadaTM is a trademark owned by Genworth MI Canada Inc

2 SagenTM is a trademark owned by Genworth MI Canada Inc

 

SOURCE Genworth MI Canada

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2020 691 M 541 M 541 M
Net income 2020 397 M 311 M 311 M
Net Debt 2020 - - -
P/E ratio 2020 9,07x
Yield 2020 4,97%
Capitalization 3 753 M 2 947 M 2 939 M
Capi. / Sales 2020 5,43x
Capi. / Sales 2021 5,31x
Nbr of Employees 260
Free-Float 43,0%
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Consensus
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Mean consensus UNDERPERFORM
Number of Analysts 5
Average target price 42,40 CAD
Last Close Price 43,46 CAD
Spread / Highest target 0,09%
Spread / Average Target -2,44%
Spread / Lowest Target -12,6%
EPS Revisions
Managers and Directors
NameTitle
Stuart Levings President, Chief Executive Officer & Director
David Nowak Chairman
Jim Spitali Senior Vice President-Operations
Philip Mayers Chief Financial Officer & Senior Vice President
Zorica Todorovic Chief Information Officer & Senior VP
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