Genworth Mortgage Insurance Australia
(ASX:GMA) has delivered a steady first half earnings result.
Profit for the six month period was down 25 per cent on the previous first half result at $113 million due to losses in mining areas like Queensland and Western Australia.
The company will continue to focus on risk management and strategic priorities and says it retains a strong capital position.
More stringent lending standards and the heightened regulatory focus on the Australian mortgage market are expected to be managed.
Genworth has declared an interim dividend of 12.5 cents per share and a special dividend of 18.5 cents per share both fully franked.
