Latest news with #SagenMICanadaInc
Cision Canada
31-07-2025
- Business
- Cision Canada
Sagen MI Canada Inc. Reports Second Quarter 2025 Results and Declares Preferred Share Dividend Français
TORONTO, July 31, 2025 /CNW/ - Sagen MI Canada Inc. (the " Company") (TSX: today reported second quarter 2025 net income of $111 million. Second Quarter 2025 Financial Results Net income of $111 million was $40 million lower than the same quarter in the prior year, primarily due to lower net insurance service result and lower investment income. Preferred Dividends The Company also announced today that its Board of Directors had declared a dividend of $0.3375 per Class A preferred share, Series 1, payable on September 29, 2025, to holders of record at the close of business on September 15, 2025. Sagen MI Canada Inc. designates any and all dividends paid or deemed for Canadian federal, provincial or territorial income tax purposes to be paid as "eligible dividends", unless indicated otherwise in respect of dividends paid subsequent to this notification, and hereby notifies all recipients of such dividends of this designation. Detailed Operating Results For more information on the Company's operating results, please refer to the Company's Management's Discussion & Analysis as posted on SEDAR+ and available at This Press Release, as well as the Company's second quarter 2025 unaudited condensed consolidated interim Financial Statements and Management's Discussion & Analysis are also posted on the Investor section of the Company's website, Investors are encouraged to review all of these materials. About Sagen MI Canada Inc. Sagen MI Canada Inc., operating through its wholly owned subsidiary, Sagen Mortgage Insurance Company Canada (doing business as Sagen TM), is the largest private sector residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. Sagen differentiates itself through customer service excellence, innovative processing technology, and a robust risk management framework. For more than two decades, the Company has supported the housing market by providing thought leadership and a focus on the safety and soundness of the mortgage finance system. As at June 30, 2025, the Company had $6.7 billion total assets and $2.8 billion shareholders' equity. Find out more at
Yahoo
11-06-2025
- Business
- Yahoo
Sagen MI Canada Inc. Announces Annual General Meeting Voting Results
TORONTO, June 11, 2025 /CNW/ - Sagen MI Canada Inc. (the "Company") (TSX: announced at its annual general meeting (the "Meeting") held on June 11, 2025 the resolutions proposed in the Company's proxy circular were carried. The detailed results are as follows. 1. Election of each of the following eleven nominees as directors of the Company:Votes ForVotes Against# %# % Dana Ades-Landy 1,321,953.89 100 %0 0 Sophia Chen 1,169,441.98 88.46 %152,511.90 11.54 Meggie Daoust 1,168,917.81 88.42 %153,036.08 11.58 Sharon Giffen 1,321,394.23 99.96 %559.65 0.04 Stuart Levings 1,169,703.93 88.48 %152,249.96 11.52 Philip Mayers 1,169,659.18 88.48 %152,294.70 11.52 Erson Olivan 1,140,240.46 86.25 %181,713.43 13.75 Neil Parkinson 1,321,953.89 100 %0.00 0.00 Michael Penner 1,169,659.18 88.48 %152,294.70 11.52 David Planques 1,250,695.06 94.61 %71,258.83 5.39 Rajinder Singh 1,321,918.41 >99.99%35.48 <0.01 2. Appointment of Ernst & Young LLP as auditors of the Company:Votes ForVotes Withheld# %# %1,321,909.14 >99.99%44.74 <0.01% In accordance with the Company's articles, at the Meeting, each Class A Common Share of the Company ("Common Shares") carries one vote per share and each Class A Preferred Share, Series 1 of the Company ("Voting Preferred Shares") carries 0.1448 votes per share. As of the record date for the Meeting, the outstanding Common Shares represented approximately 64.99% of the aggregate voting rights attached to the Company's issued and outstanding voting securities. About Sagen MI Canada Inc. Sagen MI Canada Inc., operating through its wholly owned subsidiary, Sagen Mortgage Insurance Company Canada (doing business as SagenTM), is the largest private sector residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. Sagen differentiates itself through customer service excellence, innovative processing technology, and a robust risk management framework. For more than two decades, the Company has supported the housing market by providing thought leadership and a focus on the safety and soundness of the mortgage finance system. As at March 31st, 2025, the Company had $6.8 billion total assets and $2.9 billion shareholders' equity. Find out more at Contact Information: Investors – Amit Chalam, 905-287-5393 Media – Remco Appel, 647-880-0724 MI Canada and Sagen are trademarks owned by Sagen MI Canada Inc. SOURCE Sagen Mortgage Insurance Company Canada View original content: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Cision Canada
01-05-2025
- Business
- Cision Canada
Sagen MI Canada Inc. Reports First Quarter 2025 Results and Declares Preferred Share Dividend
TORONTO, May 1, 2025 /CNW/ - Sagen MI Canada Inc. (the " Company") (TSX: today reported first quarter 2025 net income of $131 million. First Quarter 2025 Financial Results Net income of $131 million was $14 million lower than the same quarter in the prior year, primarily due to lower investment income partially offset by higher net insurance service result. Preferred Dividends The Company also announced today that its Board of Directors had declared a dividend of $0.3375 per Class A preferred share, Series 1, payable on June 30, 2025, to holders of record at the close of business on June 13, 2025. Sagen MI Canada Inc. designates any and all dividends paid or deemed for Canadian federal, provincial or territorial income tax purposes to be paid as "eligible dividends", unless indicated otherwise in respect of dividends paid subsequent to this notification, and hereby notifies all recipients of such dividends of this designation. Detailed Operating Results For more information on the Company's operating results, please refer to the Company's Management's Discussion & Analysis as posted on SEDAR+ and available at This Press Release, as well as the Company's first quarter 2025 condensed consolidated Financial Statements and Management's Discussion & Analysis are also posted on the Investor section of the Company's website, Investors are encouraged to review all of these materials. About Sagen MI Canada Inc. Sagen MI Canada Inc., operating through its wholly owned subsidiary, Sagen Mortgage Insurance Company Canada (doing business as Sagen TM), is the largest private sector residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. Sagen differentiates itself through customer service excellence, innovative processing technology, and a robust risk management framework. For more than two decades, the Company has supported the housing market by providing thought leadership and a focus on the safety and soundness of the mortgage finance system. As at March 31, 2025, the Company had $6.8 billion total assets and $2.9 billion shareholders' equity. Find out more at ______________________
