Sagen MI Canada Inc · TSX:MIC.PR.A

Sagen MI Canada — Genworth MI Canada — Scotia Capital Financial Summit 2011

14 slides from Sagen MI Canada's conference presentation, Sep 8, 2011

  1. Slide 1: Genworth MI Canada Inc. Scotia Capital Financial Summit 2011

    Genworth MI Canada Inc. Scotia Capital Financial Summit 2011 BRIAN HURLEY CHAIRMAN AND CEO

  2. Slide 2: Forward-Looking and Non-IFRSs Statements

    Forward-Looking and Non-IFRSs Statements This presentation includes certain forward-looking statements. These forward-looking statements include, but are not limited to, statements with respect to the Company’s future operating and financial results, expectations regarding premiums written, capital

  3. Slide 3: Agenda

    Agenda Business Overview Market Environment Business Execution Summary Scotia Capital Financial Summit Genworth MI Canada Inc. 3 September 8, 2011

  4. Slide 4: Leader in private mortgage insurance

    Leader in private mortgage insurance  Prudent underwriting Disciplined execution  Deep lender relationships  Capital efficiency  Geographically diverse Proven business model  Solid investment portfolio  $1.8 billion unearned premiums  Proactive risk management Solid foundation  Strong financ

  5. Slide 5: Solid first half 2011

    Solid first half 2011  Net operating income $159 MM  Loss Ratio 35%  Operating return on equity 13%  MCT ratio 158%  Operating EPS (diluted) $1.52 Scotia Capital Financial Summit Genworth MI Canada Inc. 5 September 8, 2011

  6. Slide 6: Housing market themes

    Housing market themes  Supply in line with historic norms Balanced  First time home buying intentions housing market positive  Immigration contributing to demand  Low rates helping House affordability pressured  Continued household income but improving growth  Flattish house prices Strong hous

  7. Slide 7: Sales and service leader

    Sales and service leader Our Differentiators Lender Benefits  Entrepreneurial culture  Customized service  Collaborative approach  Integral part of lender process  Dedicated lender teams  Effective delivery of products and services  Ongoing focus on process improvements High customer satisfac

  8. Slide 8: Strong premium trends

    Strong premium trends Net Written Premiums ($MM) 552 360 250 2009 2010 H1 2011 Driven by improving market position Scotia Capital Financial Summit Genworth MI Canada Inc. 8 September 8, 2011

  9. Slide 9: Well-diversified insurance portfolio

    Well-diversified insurance portfolio Original Loan-to-Value Geography >95 (4%) NS(2%) BC <=80 (7%) (16%) NBBC(1%) 16% >80<=85 Alberta 16% Ontario (11%) MB(2%) (47%) >90<=95 Alberta Ontario 47% (41%) (16%) >85<=90 Quebec 16% (37%) Sask(2%) Other 8% Other (1%) Quebec (16%) Prudent risk management is c

  10. Slide 10: High quality investment portfolio

    High quality investment portfolio Common Equities 3% and Preferred 1% Provincial 15% Corporate 47% Total $5.0 B Guarantee Fund 14% General Fund $4.3 B Federal 17% Cash 3% Contributes to stability of income Scotia Capital Financial Summit Genworth MI Canada Inc. 10 September 8, 2011

  11. Slide 11: Consistent profitability

    Consistent profitability Net Operating Income ($MM) $371* $324 $343 H1: $159 2008 2009 2010 H1 2011 * Figure includes impact of changes to the premium recognition curve in Q1 2009. Excluding this change, net operating income would have been $307 million. Scotia Capital Financial Summit Genworth MI C

  12. Slide 12: Solid Operating EPS performance

    Solid Operating EPS performance $0.80 $0.80 $0.72 $0.72 $0.74 $0.77 $0.69 $0.63 Q3 '09 Q4 '09 Q1 '10 Q2'10 Q3'10 Q4'10 Q1 '11 Q2'11 * Figures are on a diluted basis. Financial information published in 2009 has not been restated to IFRSs and is presented in accordance with Canadian GAAP. Scotia Capit

  13. Slide 13: Summary

    Summary Stability Consistent returns Overview Strong and growing position in marketplace Sustainable and competitive dividend yield Regulatory influences Future Scalable business model Catalysts Growing dividend Opportunities for business expansion Scotia Capital Financial Summit Genworth MI Canada

  14. Slide 14: Genworth MI Canada Question and Answer

    Genworth MI Canada Question and Answer Scotia Capital Financial Summit Genworth MI Canada Inc. 14 September 8, 2011

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