# GENWORTH MORTGAGE INSURANCE AUSTRALIA LIMITED > Australian public company **Wikidata**: [Q109627002](https://www.wikidata.org/wiki/Q109627002) **Source**: https://4ort.xyz/entity/genworth-mortgage-insurance-australia-limited ## Summary Genworth Mortgage Insurance Australia Limited is an Australian public company that offers its securities for sale to the general public. It is listed on the Australian Securities Exchange (ASX) under the ticker symbol GMA, having commenced trading on May 20, 2014. As a publicly traded entity, it operates as a distinct legal form of organization separate from private companies or government agencies. ## Key Facts * **Official Name:** GENWORTH MORTGAGE INSURANCE AUSTRALIA LIMITED. * **Entity Classification:** Public company (a type of joint-stock company and enterprise). * **Stock Exchange:** Australian Securities Exchange (ASX). * **Ticker Symbol:** GMA. * **Listing Start Date:** May 20, 2014. * **Market Capitalization:** 915,781,488 Australian dollars (as of November 18, 2021). * **Primary Description:** An Australian public company. * **Ownership Structure:** Owned by general public shareholders who purchase its securities. * **Data Reference Source:** ASX Market Directory (accessed November 18, 2021). ## FAQs **What is the official status and listing details of Genworth Mortgage Insurance Australia Limited?** It is officially classified as a public company listed on the Australian Securities Exchange. The company began trading under the ticker symbol GMA on May 20, 2014. **How much was the company valued at in late 2021?** As of November 18, 2021, the market capitalization was recorded at 915,781,488 Australian dollars. This figure represents the total value of its outstanding shares at that specific point in time. **Who owns Genworth Mortgage Insurance Australia Limited?** Ownership is distributed among the general public, including individuals and institutional investors who have purchased its securities. This structure distinguishes it from private companies where shares are held by a closed group. **Is this entity a government agency or a private firm?** No, it is neither a state-owned public enterprise nor a private company. It is a specific legal form of organization known as a public company, which raises capital by offering securities to the general public. ## Why It Matters Genworth Mortgage Insurance Australia Limited serves as a critical vehicle for capital formation within the Australian financial sector. By operating as a public company, it enables large-scale business operations and provides a mechanism for wealth creation for millions of individuals through public stock markets. Its existence facilitates investment and drives economic growth by allowing a wide pool of investors to participate in the mortgage insurance market. Furthermore, its status as a listed entity ensures adherence to strict regulatory disclosure and reporting standards, promoting transparency and trust for investors in the Australian economy. ## Notable For * Being listed on the Australian Securities Exchange with the specific ticker symbol GMA. * Commencing public trading on the ASX on May 20, 2014. * Achieving a market capitalization of over 915 million Australian dollars by November 2021. * Operating as a distinct legal form of organization separate from government agencies. * Functioning as a subclass of a joint-stock company within the broader enterprise category. * Providing a publicly traded option for investors seeking exposure to the Australian mortgage insurance sector. ## Body ### Definition and Corporate Structure Genworth Mortgage Insurance Australia Limited is defined by its status as a public company, a specific legal form of organization that offers securities to the general public. This classification places it within the broader category of enterprises and specifically as a type of joint-stock company. Unlike private companies that raise funds from a closed group, this entity raises capital through the open market. It is distinct from "public enterprises" or "cooperatives," which often involve government or member-ownership structures. The separation of ownership, held by shareholders, and control, managed by a board of directors, is a classic feature of its corporate governance. ### Listing and Market Data The company is listed on the Australian Securities Exchange (ASX), the primary stock exchange in Australia. Its trading began on May 20, 2014, under the ticker symbol GMA. Financial data recorded as of November 18, 2021, indicates a market capitalization of 915,781,488 Australian dollars. This valuation reflects the total market value of its shares at that specific point in time. The data regarding its listing and valuation is sourced from the ASX Market Directory, accessed on November 18, 2021. ### Ownership and Governance Ownership of Genworth Mortgage Insurance Australia Limited is distributed among the general public. Shareholders, who may be individuals, institutional investors, or other entities, hold the company's securities. This broad distribution of ownership allows any member of the general public to become an owner, provided they purchase the publicly traded securities. Governance is typically provided by a board of directors elected by these shareholders, ensuring a system where the owners have a say in the strategic direction of the company. ### Classification and Distinctions The entity is categorized strictly as a public company, which is synonymous with terms like "publicly traded company," "publicly held company," and "listed company." It is important to distinguish this entity from a "public enterprise" or "government agency," as it is not state-owned. It is also distinct from a "cooperative," which operates under a different ownership model. As a subclass of an enterprise, it adheres to the regulatory requirements and reporting standards mandated for public companies, ensuring transparency for the investing public. ### Global Context and Recognition While Genworth Mortgage Insurance Australia Limited operates specifically within the Australian market, the concept of the public company it embodies is recognized globally. The structure allows for large-scale business operations and is a fundamental pillar of modern capitalism. The entity's presence on the ASX contributes to the global economy by facilitating investment and providing liquidity for investors who can easily buy and sell ownership stakes. Its operations support the broader financial ecosystem by enabling capital formation for business expansion and infrastructure projects. ## References 1. [Source](https://www2.asx.com.au/markets/trade-our-cash-market/directory)