When is increasing net income from the previous quarter by 37% considered a mixed bag.
Are you denying that they beat analyst's estimates? Are you short the stock?
There's no mixed bad here, GNW will be back to its 3 years high very soon my friends.
i think the adjustment from Canada is considered a "one-off" type deal and after backing that out it changes the complexion, or quality of the earnings?
yep, that inflated the global MI results. the question is whether the canadian action was considered by analysts setting their estimates. As it was announced a good while ago, it should have been.
More guidance from management on when the premium increases for LTC will start to show in the bottom line will be very helpful - that was the big stinker here, more than US MI.