Helia Group Ltd (FRA:0GI0)

Full Year 2024 Helia Group Ltd Earnings Call Transcript

Feb 24, 2025 / 11:30 PM GMT

Release Date Price: €2.86 (+0.70%)

Transcript

Key Points

Positve

Helia Group Ltd (ASX:HLI) reported a strong financial performance with a statutory net profit after tax of $232 million, benefiting from low claims experience.
The company maintained a robust capital position with a prudential capital amount ratio of 2.1 times, allowing for both business investment and shareholder returns.
Helia Group Ltd successfully retained 100% of its 2024 customer contract renewals, reflecting strong customer relationships and service quality.
The company achieved a high net promoter score of 83, indicating strong customer satisfaction and trust.
Helia Group Ltd declared a fully franked final ordinary dividend of $0.16 per share and a special dividend of $0.53 per share, alongside a $113 million return to shareholders through on-market buybacks.

Negative

Insurance revenue fell by 9% due to lower levels of premium in recent years, impacting overall revenue growth.
The LMI industry growth lagged behind high LVR lending growth due to the federal government's home guarantee scheme and increased lender self-insurance.
New delinquencies increased by 17% due to higher interest rates and cost of living pressures, although the overall impact was mitigated by strong economic conditions.
The company's gross written premium remains soft, affected by the federal government's home guarantee scheme and lender self-insurance.
Helia Group Ltd faces challenges in increasing new business volumes, which are crucial for stabilizing and growing the contractual service margin balance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HLI.AX - Helia Group Ltd
Full Year 2024 Helia Group Ltd Earnings Call
Feb 24, 2025 / 11:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the Helio Group Limited 2024 full year financial results conference call.

At this time, all participants are a listen-only mode.

After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you'll need to press 11 on your telephone.

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Mr. Paul O'Sullivan, head of investor Relations. Please go ahead.

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Unidentified_2 [2]
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