Q1 2019 Genworth Mortgage Insurance Australia Ltd Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to first quarter 2019 earnings results. (Operator Instructions)
I must advise you that this conference is being recorded today, 1st of May 2019. I would now like to hand the conference over to your first speaker today, Ms. Georgette Nicholas. Thank you. Please go ahead.
Thank you, and good morning. Thank you for joining our CFO, Michael Bencsik, and myself this morning to discuss the 2019 first quarter results for Genworth Mortgage Insurance Australia. If we start with Slide 4 of the presentation, while moderating housing markets and tighter credit conditions continued to be prevalent in the quarter, we delivered strong results with growth in our new insurance written and continued momentum on our Strategic Program of Work.
From a financial perspective, statutory net profit after tax of $47.8 million in the first quarter was up from $8.4 million in the first quarter of last year.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
