Genworth Mortgage Insurance Australia Limited (ASX:GMA) updated the market in relation to its Supply and Service contract with NAB (National Australia Bank).
The contract on Proposal relating to its Lenders Mortgage Insurance (LMI) requirements with NAB will expire on 20 November 2020 and it will not be renewed.
Under this contract, the LMI business underwritten represented nearly 12% of Gross Written Premium in FY2019.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.