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Genworth’s earnings curve review shows NEP loss

15 Dec 2017 – An annual earnings curve review of mortgage insurance lenders Genworth (ASX:GMA) has shown a negative impact of its net earned premium (NEP) by approximately $40 million, which results in a 17 to 19 per cent loss in 2017 NEP, instead of the previous guidance of a 10 to 15 per cent reduction.

Source: Finance News Network

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