Pre-nationalisation Genworth breaks

Via Banking Day:

A large write-down and additional reserving tipped Genworth Mortgage Insurance Australia into loss in the first half of the year, but the company is confident it is well positioned to deal with anything COVID throws at it.

Genworth reported a loss of A$90 million for the six months to June 2020, compared with a profit of $88.1 million in the June half last year.

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