Sagen, formerly known as Genworth Canada, is the largest private residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. Sagen differentiates itself through superior customer service, a robust risk management framework and innovative processing technology. For more than two decades, Sagen has supported the housing market by providing thought leadership and a focus on the safety and soundness of the mortgage finance system. Sagen is a trademark owned by Sagen MI Canada Inc.
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The Sagen annual revenue was $614 million in 2026.
Stuart Levings is the President and CEO of Sagen.
196 people are employed at Sagen.
Sagen is based in Oakville, Ontario.
The NAICS codes for Sagen are [334, 52, 33, 522].
The SIC codes for Sagen are [61, 367, 36, 616].