July 28, 2011 / 9:38 PM / in 6 years

UPDATE 1-Genworth MI Canada's Q2 profit falls

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July 28 (Reuters) - Mortgage insurer Genworth MI Canada's quarterly profit fell marginally on lower net premiums earned.

Second-quarter net income fell to $83 million, or 79 cents per share, from $85 million, or 72 cents per share, a year ago.

Net premiums earned fell to $151 million from $154 million a year ago. It fell 2.5 percent sequentially.

Shares of the Oakville, Ontario-based company closed at C$24.04 on Thursday on the Toronto Stock Exchange. (Reporting by Maneesha Tiwari in Bangalore; Editing by Don Sebastian)

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