The level of losses on insured home loans is improving for Genworth Financial. The mortgage insurance company said it paid claims of A$45 million in the June 2013 quarter, down from a recent high of $83 million in the September 2012 quarter.It said the average claim paid in the quarter was A$80,300. This is down from an average claim of $91,200 the previous year.Its loss ratio was 35 per cent in the quarter, the lowest level in more than a year.Genworth said its profit in Australia for the half year to June 2013 was US$101 million, up from $23 million in the same period in 2012.Genworth put the book value of its Australian subsidiary at US$1.9 billion, or $400 million less than in the prior quarter, primarily due to foreign currency translation.The insurer is working towards selling a 40 per cent stake in the business early next year through a stock market float.