Our Company

private residential
mortgage insurer
in Canada maple leaf

$6.9 billion

total assets
As at August 6, 2019

$4.1 billion

shareholders' equity
As at August 6, 2019

Our Mission

Working with our lender partners, regulators and influencers we

  • help people responsibly achieve and maintain the dream of homeownership
  • promote strong and sustainable communities across Canada

while enhancing stakeholder value

Our Vision

Canada’s Mortgage Insurer of Choice

Our Values

Our Strengths


Focus on customer experience & operational excellence

pie chart

Strong market presence


Prudent risk management


20+ years of performance data


Best-in-class technology & processes


Experienced and engaged workforce

Our Priorities

  • click here to view replay of Investor Day video webcast for an overview of company priorities and strategy for 2019

  • Mortgage Default Insurance, commonly referred to as Mortgage Insurance, allows homebuyers to achieve the dream of homeownership with a low down payment.

    For more info on our mortgage insurance products and benefits, watch the HomeOpeners® video series here.

Our History

The Evolution of the Mortgage Insurance Industry and Genworth Canada
  • 1995: the beginning

    Canada has had an active private mortgage insurance industry since 1964, when MICC commenced operations. In 1995, Genworth Financial (when it operated as part of General Electric) acquired certain assets and hired certain employees from MICC to establish its Canadian private mortgage business. The Company operated as part of General Electric for almost a decade.

  • 2004: Genworth Financial starts trading on NYSE

    General Electric completed an initial public offering of Genworth Financial (NYSE:GNW). Genworth Canada remained an indirect wholly-owned subsidiary of Genworth Financial.

  • 2009: Genworth Canada IPO, starts trading on TSX

    Genworth MI Canada Inc. completed its initial public offering and began trading on the TSX under the “MIC” symbol. Genworth Financial in the United States remains a majority shareholder owning 57.5% of the common shares of Genworth Canada.

As part of the Genworth Canada’s 20th Anniversary celebrations, Canadian mortgage industry executives reflect on homeownership in Canada over the last 20 years and into the future, as well as collaboration within the industry, and memories of their own first-time homebuying experiences.

Key Facts

Focused on Strong Business Execution
market facts

(as of August 6, 2019)


TSX Ticker Symbol

$4.4 billion

Market Capitalization


Minimum Capital
Test Ratio

86 million

Shares Outstanding

$4.1 billion

Shareholder’s Equity

Dividend History ($/share)

Genworth Canada has been paying a regular dividend every quarter since its first payment post IPO in December 2009.

Strong Financial Track Record
Net Premiums Written

($ in millions)

Net Premiums Earned

($ in millions)

Loss Ratio


Book Value
Per Share
(diluted, incl. AOCI)


Net Operating Income

($ in millions)

All currencies are in Canadian dollars.
*2012: Including a one-time adjustment of $123 million, the net operating income would have been $462 million.

Credit Ratings

Genworth MI Canada Inc.
S&P Issuer Rating

BBB+ Stable

DBRS Issuer Rating

A (high) Stable

Genworth Mortgage
Insurance Company
S&P Financial Strength Rating

A+ Stable

DBRS Financial
Strength Rating

AA Stable

Investment Portfolio

(as of August 6, 2019)

Total $6.6 billion
Media Contact
Susan Carter

Vice President,
Marketing & Communications


View full 2018


News Releases

Latest Presentation
May 6, 2020 Q1 2020 Earnings Conference Call Slides
View this Presentation (PDF 1.17 MB)