Genworth MI Canada Inc. (MIC) : Company Profile and SWOT Analysis
Timetric's "Genworth MI Canada Inc. (MIC) : Company Profile and SWOT Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, key competitors, financial analysis, recent developments, key employees, company locations and subsidiaries as well as employee biographies.
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Examines and identifies key information and issues about "Genworth MI Canada Inc." for business intelligence requirements.
Studies and presents the company's strengths, weaknesses, opportunities (growth potential) and threats (competition). Strategic and operational business information is objectively reported.
The profile also contains information on business operations, company history, major products and services, key employees, and locations and subsidiaries.
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Genworth MI Canada Inc. (Genworth) is a provider of mortgage insurance products and services. It also provides support services for home buyers through lenders, real estate agents, builders and mortgage brokers. It also provides reports and market information pertaining to the current trends in the housing market. Genworth underwrites mortgage insurance for residential properties in all provinces and territories of Canada and holds the leading position among private mortgage insurers. The company offers its insurance product through its subsidiary, Genworth Financial Mortgage Insurance Company Canada (Genworth Canada). It operates through a network of its underwriting offices in Canada. Genworth is headquartered in Ontario, Canada.
The company reported gross premiums written of CAD760 million in FY2016, representing an annual decline of 6% over FY2015. Its net premiums earned were CAD638 million in FY2016, an annual increase of 9% over FY2015.