Genworth Mortgage Insurance Australia Ltd
(ASX:GMA) has reported $135.8 million in statutory net profit for the half year ended 30 June 2016. The company says this is a 20% increase compared to the same period last year.
The company also declared a fully franked, interim ordinary dividend of 14 cents per share. It will also pay a fully franked special dividend of 12.5 cents per share.
The company will pay these dividends to shareholders on 31 August.
As for its 2016 outlook, Genworth expects its Net Earned Premium to fall by around 5%, and its full year loss ratio to be between 25% and 35%.
