Oct 30 (Reuters) - Genworth Mortgage Insurance Australia Ltd GMA.AX on Wednesday posted a 29.9% rise in its third-quarter underlying net profit, citing improved conditions in the Australian property market.
Underlying net profit, which excludes one-off items, came in at A$26.5 million ($18.18 million) for the three months to Sept. 30, compared with A$20.4 million a year ago, the company said.
The company said its gross written premium rose 24.4% in the quarter thanks to growth in its traditional lenders mortgage insurance. ($1 = 1.4577 Australian dollars)