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Sagen MI Canada Inc. (T:MIC)

Business Focus: Property Insurance

Get the company report for the most recent outlook updated daily

Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for MIC within the last 6 months
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Company News

Feb 01, 2024 16:01 ET
Sagen MI Canada Inc. Reports Fourth Quarter 2023 Results and Declares Preferred Share Dividend
TORONTO, Feb. 1, 2024 /CNW/ - Sagen MI Canada Inc. (the "Company") (TSX: MIC.PR.A) today reported fourth quarter 2023 net income of $151 million.
Read full article
Nov 02, 2023 17:18 ET
Sagen MI Canada Inc. Reports Third Quarter 2023 Results and Declares Preferred Share Dividend
TORONTO, Nov. 2, 2023 /CNW/ - Sagen MI Canada Inc. (the "Company") (TSX: MIC.PR.A) today reported third quarter 2023 net income of $148 million.
Read full article
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Valuation Ratios

Industry
Sector
Beta
N/A
--
--
Price to Sales - TTM
0.09
0.09
4.90
Price to Book - most recent quarter
0.01
0.01
1.65
Price to Cash Flow per share - TTM
0.15
0.15
9.23
Price to Free Cash Flow per share - TTM
0.35
0.35
20.95
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Dec 31, 196900
Dec 31, 196900
Dec 31, 196900
See Short Report

Business Summary

Sector:  Financials Industry:  Property & Casualty Insurance

Sagen MI Canada Inc. is a Canada-based company, operating through its wholly owned subsidiary, Sagen Mortgage Insurance Company Canada, doing business as Sagen, which is a residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership accessible to first-time homebuyers. It has built a broad underwriting and distribution platform that provides customer-focused products and support services to Canada's residential mortgage lenders and originators. The Company underwrites mortgage insurance for residential properties in all provinces and territories of Canada and has the market share among private sector mortgage insurers. Its products and services include Homebuyer 95 Program, New to Canada Program, Investment Property Program, Family Plan Program, Second Mortgage Program, Progress Advance Program, Energy Efficient Housing Program and Purchase Plus Improvements Program.

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