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Helia Faces Potential Non-Renewal of CBA Contract Amid Strategic Adjustments

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Helia Faces Potential Non-Renewal of CBA Contract Amid Strategic Adjustments

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

For detailed information about HLI stock, go to TipRanks’ Stock Analysis page.

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