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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Sagen MI Canada Inc.    MIC   CA7866881013

SAGEN MI CANADA INC.

(MIC)
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Genworth MI Canada Inc. : Schedules Fourth Quarter 2020 Earnings Release for February 4th, 2021

01/15/2021 | 05:02pm EST

TORONTO, Jan. 15, 2021 /CNW/ - Genworth MI Canada Inc. (the "Company") (TSX: MIC) today announced it will issue its earnings release, as well as its fourth quarter 2020 consolidated Financial Statements, Management's Discussion and Analysis and Financial Supplement containing the quarterly results after the market closes on February 4th, 2021. Due to the previously announced plan of arrangement that is expected to close in the first half of 2021, the Company will not be holding a fourth quarter 2020 earnings conference call. Investor materials, including a presentation on the fourth quarter results, will be available on the Company's website, https://www.sagen.ca/about/investor-relations/, following the issuance of the earnings release on February 4th, 2021.

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 September 30th, 2020, the Company had $7.1 billion total assets and $3.8 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 2021 720 M 566 M 566 M
Net income 2021 468 M 368 M 368 M
Net Debt 2021 - - -
P/E ratio 2021 8,05x
Yield 2021 3,12%
Capitalization 3 610 M 2 866 M 2 837 M
Capi. / Sales 2021 5,02x
Capi. / Sales 2022 4,75x
Nbr of Employees 260
Free-Float 43,0%
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Mean consensus UNDERPERFORM
Number of Analysts 4
Average target price 43,50 CAD
Last Close Price 43,29 CAD
Spread / Highest target 0,49%
Spread / Average Target 0,49%
Spread / Lowest Target 0,49%
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Managers and Directors
NameTitle
Stuart Levings President, Chief Executive Officer & Director
Philip Mayers Chief Financial Officer & Senior Vice President
David Nowak Chairman
Zorica Todorovic Chief Information Officer & Senior VP
Jim Spitali Senior Vice President-Operations