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Genworth profits dive 190% amid COVID-19 crisis By Malavika Santhebennur 16 February 2021 An anticipation of future claims outcomes stemming from the economic impacts of COVID-19 has seen the mortgage insurer’s underlying profit plummet by almost 190 per cent. Genworth Mortgage Insurance Australia has released its financial results for the full-year ending 31 December 2020 (FY20), posting a statutory net loss after tax (NLAT) of $107.6 million in the 12 months to December 2020. This was down almost 190 per cent from a statutory net profit after tax (NPAT) of $120.1 million in FY19. The FY20 underwriting result of a $234.0 million loss was impacted by the coronavirus pandemic, which the mortgage insurer said led to a write-down of deferred acquisition costs of $181.8 million (pre-tax) as at 3

Malavika santhebennurNational australia bankGenworth mortgage insurance australiaPauline blight johnstonMoney managementCo vidமாலவிகா சந்தெபெண்னுர்தேசிய ஆஸ்திரேலியா வங்கிஜென்வொர்த் அடமானம் காப்பீடு ஆஸ்திரேலியாபாலீந் ப்ளைட்டின் ஜான்ஸ்டன்பணம் மேலாண்மைஇணை வித்