About Sagen
Sagen is a publicly listed company based in Oakville (Canada) founded in 1995, and was acquired by Brookfield Asset Management in October 2020. Mortgage insurance is provided to Canadian lenders and borrowers. The company has 260 employees. Its chief executive, as recorded, is Stuart Levings. Its website sagen.ca draws about 13 thousand monthly visits. Sagen offers products and services including Homebuyer 95 Program and New to Canada Program. Its focus areas include Insurance Carriers, Property & Casualty, Property and Mortgage Guarantee.
Company details
Sagen was founded in 1995 and is headquartered in Oakville, Canada. Operations focus on the mortgage insurance sector, where default protection is offered to financial institutions and homebuyers. Services include high-ratio mortgage insurance and portfolio insurance for lenders. The company is led by CEO and President Stuart Levings, with activities centered in the Canadian housing finance market.
- Annual Revenue$803.39 M (USD)-1.96as on Dec 31, 2025
- Net Profit$382.47 M (USD)-13.52as on Dec 31, 2025
- Investors
- Employee Count260
- Acquired byBrookfield Asset Management
(Oct 2020)
Products & Services of Sagen
Sagen offers a comprehensive portfolio of products and services, including Homebuyer 95 Program and New to Canada Program.
Enables first-time buyers to purchase homes with minimal down payment
Assists immigrants in acquiring property with low down payment options
Investors in Sagen
Sagen has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Brookfield Asset Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Focus is placed on real estate and renewable energy investments. | 1899 | brookfield.com | Toronto, Canada |
Investor details for Sagen
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People of Sagen
84 people are tracked at Sagen (29 in leadership, 55 in team); the tracked headcount is 260.
| Name | Role | Group |
|---|---|---|
Stuart Levings | CEO & President | Leadership |
Ellaha Rawi | Director, Risk Initiatives | Leadership |
Mauricio Andrade | Director, Fp&a | Leadership |
Amit Chalam | Svp, Finance And Chief Financial Officer | Leadership |
Mary-Jo Hewat | Senior Vice President, Human Resources And Facilities | Leadership |
Edward Orlik | Chief Information Officer | Leadership |
Rakesh Dhote | Director, Model Risk And Governance | Leadership |
Jim Spitali | Senior Vice President, Chief Operating Officer | Leadership |
Mamoun Hamdi | Director Of Cyber Security | Leadership |
Andrea Smith | Vice President, Sales - Central Canada | Leadership |
Yvonne Burghardt | VP & Controller | Leadership |
Silverio Miranda | Vp, IT Operations | Leadership |
Wendy Tomlinson | Vp, HR Client Management | Leadership |
Michelle Reyes | Director, Technology Delivery | Leadership |
Vera Horvat | Director, Analytics And Insights | Operations | Canada | Leadership |
John Chia | Vice President Data Engineering | Leadership |
Craig Sweeney | Svp, Chief Risk Officer | Leadership |
Eugene Ji | Vice President, Insurance Risk | Leadership |
Greg Ruddell | Vice President Information Security | Leadership |
Joanna Sutherland | Director, Risk Analytics | Leadership |
64 more people are available in the full profile.
Complete people profiles for Sagen
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IPO & Listings of Sagen
Sagen is a publicly listed company on the TSX with ticker symbol MIC.PR.A in Canada, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date06 Jul 2009
- Listed onTSX: MIC
- Listed entitySagen MI Canada Inc 5.4 % Non-Cum Red Pfd Registered Shs A Series 1
- Exchange sectorFinance
- ISINCA7866883092
- Share price22.13 CAD (-0.09% on the day) · 2026-10-13
- Volume (last session)3,300
Financials of Sagen
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 1.10B CAD | 523.7M CAD | |
| 2024 | 1.12B CAD | 605.6M CAD | |
| 2023 | 969.7M CAD | 511.7M CAD | |
| 2022 | 825.2M CAD | 421.0M CAD | |
| 2021 | 976.4M CAD | 619.9M CAD |
Detailed financial statements for Sagen
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Timeline of Sagen
3 dated milestones of Sagen across 25 years, from founding to its latest funding, stage changes and deals.
- Founded Sagen is founded.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by Brookfield Asset Management.
Web traffic of Sagen
The website of Sagen (sagen.ca) receives about 12.9K visits a month.
- Monthly visits12.9K
▲ 25.2% vs previous month
Websites whose visitors overlap most with Sagen. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
truenorthmortgage.ca | truenorthmortgage.ca | 100% | #214,322 | – | |
| canadaguaranty.ca | 77% | 5K | #3,750,707 | View details | |
| cmls.ca | 65% | 55.4K | #493,755 | View details | |
| loanscanada.ca | 60% | 164.8K | #289,895 | View details | |
| rates.ca | 60% | 264.3K | #137,518 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Sagen
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Related news about Sagen
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Frequently Asked Questions about Sagen
Sagen was founded in 1995.
Sagen is headquartered in Oakville, Canada. It is registered at Oakville, Ontario, Canada.
Stuart Levings is the CEO of Sagen, as recorded in our data.
Sagen has 260 employees.
Annual revenue of Sagen is $803.39M as on Dec 31, 2025.
Sagen was founded in 1995 and is headquartered in Oakville, Canada. Operations focus on the mortgage insurance sector, where default protection is offered to financial institutions and homebuyers. Services include high-ratio mortgage insurance and portfolio insurance for lenders. The company is led by CEO and President Stuart Levings, with activities centered in the Canadian housing finance market.
Sagen offers Homebuyer 95 Program and New to Canada Program.
Yes, Sagen is publicly traded on TSX under the ticker symbol MIC.PR.A.
Sagen has 1 investor. Key investors include Brookfield Asset Management.
Yes. Sagen was acquired by Brookfield Asset Management in October 2020.