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ASX Release Level 26 , 101 Miller Street North Sydney NSW 206 Australia Genworth Genworth Mortgage Insurance Australia Limited First Half 2021 Results SYDNEY 4 August 2021 - Genworth Mortgage Insurance Australia Limited ( Genworth or the Company ) ( ASX : GMA ) today reported its financial results for the half year ending 30 June 2021 ( 1H21 ) ¹ . The Company reported an Underlying net profit after tax ( NPAT ) of $ 76.4 million , underpinned by a strong underwriting result of $ 87.7 million . Genworth's Statutory NPAT of $ 59.4 million reflects this strong underwriting result , partially offset by unrealised mark to market investment losses from a rise in Government bond rates . The Genworth Board has declared an unfranked interim ordinary dividend of 5.0 cps payable on 31 August 2021 to shareholders registered as at 18 August 2021 . 1H21 highlights 1H20 1H21 1H21 v 1H20 ( % ) Gross written premium ( GWP ) ( $ m ) 239.3 289.7 21.1 % Underwriting result ( $ m ) ( 173.4 ) 87.7 N.M² Insurance profit / ( loss ) ( $ m ) ( 128.1 ) 71.5 N.M Statutory net profit / ( loss ) after tax ( NPAT ) ( $ m ) ( 90.0 ) 59.4 N.M Underlying net profit / ( loss ) after tax ( $ m ) ³ ( 85.5 ) 76.4 N.M Underlying diluted earnings per share ( cps ) ( 20.7 ) 18.5 N.M Dividend per share ( cps ) 0.0 5.0 N.M Genworth Chief Executive Officer and Managing Director , Ms. Pauline Blight - Johnston , said , “ Genworth has delivered a pleasing first half result , with a return to profit , ongoing topline volume growth and consistent customer service delivery , alongside a benign claims experience . " The result reflects the improved economy , housing market appreciation and low interest rates experienced during the half . Performance was also supported by operational initiatives implemented last year in response to the new operating environment created by COVID - 19 . " Genworth's 1H21 claims experience continues to be impacted by the government and lender support programmes that were in place through to the end of March 2021. To date , we have seen low levels of reported delinquencies , and the ongoing moratoriums on owner occupied foreclosures , as well as the strong economic recovery , have led to lower than usual paid claims . " The stronger economy over the first half has provided good momentum for the Company , however , the recent COVID - 19 restrictions in some states will affect the ongoing economic recovery and have created renewed uncertainty . The latest round of borrower support programmes will extend the duration of the subdued delinquency behaviour we have been experiencing , pushing out the timeframe over which we will obtain increased clarity regarding ultimate claims outcomes . We will keep working closely with our lender customers to understand the attributes and emerging performance of their portfolios during this time . " Importantly , Genworth remains in a strong capital position and is able to withstand a wide range of future claims outcomes . We have the capacity to respond to changing circumstances and opportunities , and will continue to invest in operational excellence and customer focused strategic initiatives that support more Australians to build financial security through home ownership . ” 1 The financial result of Genworth and its subsidiary companies ( the Group ) is prepared in accordance with Australian Accounting Standards ( AAS ) adopted by the Australian Accounting Standards Board ( AASB ) , consistent with International Financial Reporting Standards ( IFRS ) . 2 N.M. Not Meaningful ( increases / decreases > 100 % ) . 3 Underlying NPAT excludes the GFI . separation costs , the after - tax impact of unrealised gains / ( losses ) on the investment portfolio , and the impact of foreign exchange rates on Genworth's investment portfolio . The bulk of these foreign exchange exposures are hedged .