ASX-HLI Financials

Helia Group Limited (ASX:HLI) Releases 1Q25 APRA Lodgement and Trading Update

ClubAI 3:31 pm

APRA Lodgement

Helia Group Limited finalised its 1Q25 submission to the Australian Prudential Regulation Authority (APRA). The lodgement includes data for Helia Insurance Pty Limited and Helia Indemnity Limited. Gross written premium increased from $38.4m in 1Q24 to $51.0m in 1Q25. Insurance revenue slightly decreased to $92.6m, while statutory net profit after tax rose to $68.2m. The Prescribed Capital Amount coverage ratio improved to 1.91.

Trading Update

Gross written premium grew due to increased industry new housing loans and a higher market share. However, revenue was slightly down compared to the previous period. Total incurred claims showed a negative result due to beneficial changes in liabilities. Net investment revenue remained stable, and the regulatory capital base, although above the PCA, decreased due to the final dividend payment.

Strategic Update

Helia Group highlighted proposed changes to the Home Guarantee Scheme by major political parties. The company expressed concerns that these changes could expand the program in ways that introduce risks to the financial sector. Helia plans to engage with the government to advocate for policy modifications to support a vibrant LMI industry and maintain home ownership accessibility in Australia.

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Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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