CompaniesFinancial ServicesEarnings seasonPrint articleGenworth profit up on housing recoveryJames FernyhoughReporterFeb 5, 2020 – 11.14amSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLenders mortgage insurer Genworth's profits jumped by almost 60 per cent in 2019, buoyed by a recovery in the Sydney and Melbourne housing markets.The company, which insures mortgage lenders against the risk that high-risk borrowers will default on their repayments, returned statutory net profit after tax of $120.1 million for the full year 2019. That was up from $75.7 million in 2018.Loading...James Fernyhough writes about telecommunications, insurance and financial services. He's based in the AFR's Melbourne office. Connect with James on Twitter. Email James at james.fernyhough@afr.com.auSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreEarnings seasonGenworth Mortgage Insurance AustraliaCommonwealth BankProperty marketLatest In Financial servicesFetching latest articlesMost Viewed In Companies
