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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
See all filings within the past 6 months

Company News

Aug 03, 2023 17:00 ET
Sagen MI Canada Inc. Reports Second Quarter 2023 Results and Declares Preferred Share Dividend
TORONTO, Aug. 3, 2023 /CNW/ - Sagen MI Canada Inc. (the "Company") (TSX: MIC.PR.A) today reported second quarter 2023 net income of $112 million.
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Jun 14, 2023 17:40 ET
Sagen MI Canada Inc. Announces Redemption Price for 4.242% Debentures due April 1, 2024
TORONTO, June 14, 2023 /CNW/ - Sagen MI Canada Inc. (the "Company") (TSX: MIC) announced on May 19, 2023 that it would redeem all of its outstanding 4.242% debentures due April 1, 2024 (the "Debentures"), being $169.934 million aggregate principal amount, on June 19, 2023 (the "Redemption Date"). Today, the Company has determined the redemption price according to the method and process outlined in the trust indenture governing the Debentures.
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Valuation Ratios

Price to Sales - TTM
Price to Book - most recent quarter
Price to Cash Flow per share - TTM
Price to Free Cash Flow per share - TTM
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Short Report

DateNumber of Shares ShortedNet Change
Dec 31, 196900
Dec 31, 196900
Dec 31, 196900
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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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