Half Year 2025 Helia Group Ltd Earnings Call Transcript
Key Points
- Helia Group Ltd (ASX:HLI) reported a strong statutory net profit after tax of $134 million, a 38% increase from the prior period.
- The company declared a fully franked interim ordinary dividend of $0.16 per share and an unfranked special dividend of $0.27 per share.
- Helia's gross written premium increased by 28% compared to the prior period, reflecting efforts to grow high LVR lending.
- The company has maintained a strong capital position, with a regulatory capital ratio of 2.3 times the prescribed capital amount.
- Helia has continued to support over 13,000 Australians in purchasing homes in the last six months, contributing to social well-being and financial stability.
- Helia Group Ltd (ASX:HLI) faces the likely loss of Commonwealth Bank and ING as customers, which will reduce new premiums from 2026.
- The expansion of the government guarantee scheme for first-time buyers is expected to reduce the overall market size for lenders mortgage insurance (LMI).
- Insurance revenue decreased by 6% due to a declining in-force portfolio, reflecting lower levels of new business in recent years.
- The company has experienced setbacks with the loss of major customers and needs to rebuild its new business and gross written premium.
- Helia's cost base needs to be aligned with reduced expected insurance revenue, necessitating further expense management and restructuring.
Good day, and thank you for standing by. Welcome to the Helia Group Limited half-year 2025 results conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Paul O'Sullivan, Head of Investor Relations, Capital and Investments. Please go ahead.
' -
Hello, and welcome to Helia's 2025 half-year results conference call and webcast. I'm Paul O'Sullivan, Head of Investor Relations, Capital and Investments. This morning, Helia's Interim CEO, Michael Cant, will start with an overview of the results. Helia's Interim CFO, Craig Ward, will then go into more detail on the 1H '25 financial results. Michael will then wrap up the presentation with some closing comments. At the end of the presentation, we'll pass back to the moderator for a question-and-answer session with analysts and investors.
I'll now hand over to Michael.
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