We are Canada's largest private mortgage insurer with a history dating back to 1995.
Genworth Canada is the brand name of Genworth Financial Mortgage Insurance Company Canada, a subsidiary of Genworth MI Canada Inc. (TSE:MIC). Also known as "The Homeownership Company," we provide mortgage default insurance to residential mortgage lenders that enables Canadians to own a home more affordably and stay in their homes during difficult financial times.
Genworth Canada combines technological and service excellence with risk management expertise to deliver innovation to the mortgage marketplace. We underwrite mortgage insurance for low down payment mortgages on one-to-four unit residential properties in all provinces and territories of Canada. We have built a broad underwriting and distribution platform across the country that provides customer-focused products and support services to the majority of Canada's mortgage lenders and originators, including the country's six largest banks.
As of June 30, 2012, Genworth Canada had $5.5 billion in total assets and $2.8 billion in shareholders' equity. Based in Oakville, Ontario, the Company employs approximately 260 people across Canada.