Genworth Mortgage Insurance Australia Ltd (AU:HLI) has released an update.
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Helia Group Limited has reported a half-year statutory net profit after tax of $97.0 million, down from the previous year due to unrealised losses on bond portfolios affected by rising interest rates. Despite softer new business volumes and economic uncertainties, the company declared a 15.0 cents per share dividend and remains committed to its core purpose of promoting home ownership and leading the market in Lenders Mortgage Insurance (LMI). Helia continues to adapt its strategy to defend and grow its market share, amidst a changing operating environment with record national dwelling values and a resilient Australian labour market.
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