GENWORTH MORTGAGE INSURANCE AUSTRALIA LIMITED (ASX: GMA) | Investor Support
GENWORTH MORTGAGE INSURANCE AUSTRALIA LIMITED (ASX: GMA) GMA Details On Tuesday (May 15, 2018), GMA closed at $2.48, 11.76% above the 52 week low of $2.21 (Mar 07, 2018). And year change of -18.23% (Low of $2.21 at Mar 07, 2018 and high of $3.23 at Aug 02, 2017). GMA is a small-cap company with market capitalization of $1.18B. For the fiscal year ended 31 December 2017, GMA revenues decreased 19% to $398.5M. Net income decreased 27% to $149.2M. Revenues reflect Investment income on technical funds decrease of 31% to $28M. Net income also reflects Investment income on shareholder funds decrease of 12% to $75.3M (income), Reinsurance and other recoveries – undis decrease of 38% to $4.3M (income). Year on year GMA’s revenues fell -19.21% from $493.23M to $398.47M. This along with an increase in selling, general and administrative costs has contributed to a reduction in net income from $203.09M to $149.17M, a -26.55% decrease.
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