Sagen MI Canada Inc., formerly Genworth MI Canada Inc., operates through its wholly owned subsidiary, Sagen Financial Mortgage Insurance Company Canada, doing business as SagenTM, operates as a 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. The Company underwrites mortgage insurance for residential properties in various provinces and territories of Canada. The Company's products and services include Homebuyer 95 Program, New to Canada Program, Investment Property Program, Purchase Plus Improvements Program and Family Plan Program. The Company holds a 100% ownership interest in the holding companies Sagen Holdings I Company (Holdings I), Sagen Holdings II Company (Holdings II), MIC Holdings I Company, MIC Holdings J Company and Sagen International Holdings Inc.
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