An announcement from Genworth Mortgage Insurance Australia Ltd ( (AU:HLI) ) is now available.
Helia Group Limited announced that the Commonwealth Bank of Australia (CBA) has entered into exclusive negotiations with another provider for Lenders Mortgage Insurance (LMI) services, which may lead to the non-renewal of Helia’s contract with CBA after December 2025. Despite this development, Helia plans to maintain its high service standards and adapt to the anticipated reduction in Gross Written Premium (GWP) by exploring new partnership opportunities and managing capital effectively, ensuring continued support for Australia’s home buyers and lenders.
More about Genworth Mortgage Insurance Australia Ltd
Helia Group Limited operates in the financial services industry, primarily providing Lenders Mortgage Insurance (LMI) services. The company focuses on supporting home buyers and lenders in Australia by offering insurance products that facilitate home ownership.
YTD Price Performance: 11.16%
Average Trading Volume: 887
Technical Sentiment Signal: Sell
Current Market Cap: €763M
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