Helia Group posts 6% increase in full-year profit amid lower delinquencies
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The news: Mortgage insurer Helia Group reported a 6% increase in statutory net profit to $244.9 million for the full-year 2025, citing lower delinquencies and higher dwelling values. This was above consensus estimates of $222.6 million, according to Visible Alpha data.
The numbers: Insurance revenue fell 5% year-on-year to $371.5 million, exceeding consensus estimates of $359.9 million.
The gross written premium was up 23%, but remained below historic levels due to government schemes and lender self-insurance during the period. Operating expenses fell 8%.
The company declared a fully franked ordinary dividend of 16 cents per share, below consensus estimates of 18 cents. A partially franked special dividend of 67 cents was also declared.
The context: Helia said claims for the year ended December 2025 were low, reflecting a 15% fall in delinquencies and higher dwellings value, but noted that market conditions remain challenging for the lenders mortgage insurance industry.
The company forecast FY26 insurance revenue to be within the range of $320 million and $370 million.
The source: ASX
