Brief: Genworth Mortgage Insurance Australia Says Revised Target Capital Range To 1.40 To 1.60 Times APRA's PCA

Helia

12/05/2022 24:19

May 12 (Reuters) - Genworth Mortgage Insurance Australia Ltd
 GMA.AX :
    * CAPITAL POLICY AND CAPITAL MANAGEMENT UPDATE-GMA.AX
    * INTENDS TO CONTINUE CAPITAL MANAGEMENT TO RETURN CAPITAL
LEVELS
TO WITHIN TARGET RANGE WITHIN 2 YEARS
    * HAS REVISED TARGET CAPITAL RANGE TO 1.40 TO 1.60 TIMES
APRA'S
PRESCRIBED CAPITAL AMOUNT
    * CURRENT A$100 MILLION ON MARKET SHARE BUY-BACK IS EXPECTED
TO BE
LARGELY COMPLETE BY JUNE 30
    * EXPECTED MEDIUM TERM SUSTAINABLE LEVEL OF ORDINARY
DIVIDEND IS
APPROXIMATELY 24 AU CENTS PER SHARE

Source text for Eikon:  ID:nASX3g8BPV 
Further company coverage:  GMA.AX 

 ((Reuters.Briefs@thomsonreuters.com;))