May 1 (Reuters) - Residential mortgage insurer Genworth MI Canada Inc’s quarterly profit rose, helped in part by higher net gains on investments.
For the January-March quarter, the company earned C$81 million, or 82 Canadian cents per share, compared with C$80 million, or 75 Canadian cents per share, a year ago.
Net premiums earned fell 5 percent to C$147 million.
Net gains on investments rose 100 percent to C$6 million.
Shares of the company, which has a market capitalisation of about C$2 billion, closed at C$20.58 on Tuesday on the Toronto Stock Exchange.