Genworth Mortgage Insurance Australia Limited
(ASX:GMA) has reported underlying net profit after tax of $47.4 million for the quarter ended 30 September 2016.
The result is a 19.3 percent drop on Q3 of 2015.
New business volume for the quarter came in at $6.1 billion, a decrease of 28.2 percent on the prior corresponding period.
The company has indicated it has been impacted by pressure in mining regions and a smaller high loan-to-value ratio market.
Genworth Mortgage Insurance Australia Limited reported a net profit of $135.8 million at 30 June 2016.
