On 5 February 2016 Genworth Mortgage Insurance Australia Limited delivered its FY 2015 result delivering a gross written premium (GWP) of $507.6 million, down 20% on a pro forma basis to FY2014.   Genworth’s business mix is improving, however as proportion of loans with an loan to value ratio (LVR) greater than 90% is falling as the banks re-balance their mortgage books in response to regulatory pressures. Tentative signs of the housing market stabilising in Queensland & Western Australia over the December 2015 quarter and an average 5% increase in Lenders Mortgage Insurance premiums are expected to have a positive impact during 2016.