Home Guaranty Corp. (HGC) President Atty. Manuel Sanchez on Saturday denied that the agency is losing money. In fact, he announced that the corporation had chalked up P399 million in guaranty premium from January to July this year.
HGC’s net worth as of December 31, 2012 stood at P7.26 billion, Sanches said in reaction to The Times’ banner story on Friday, Nov. 1 titled “Home Guaranty bankrupt.”
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