Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Genworth Mortgage Insurance Australia Ltd ( (AU:HLI) ) just unveiled an update.
Helia Group Limited has submitted its 1Q25 data to the Australian Prudential Regulation Authority, showing a notable increase in gross written premium due to higher industry housing loans and market share, despite challenges from the Home Guarantee Scheme and lender self-insurance. The company is engaging with the government regarding proposed changes to the Home Guarantee Scheme, which it believes could negatively impact the financial sector’s stability and accessibility to home ownership, while maintaining its commitment to providing leading LMI services.
More about Genworth Mortgage Insurance Australia Ltd
Helia Group Limited operates in the insurance industry, primarily focusing on providing lenders mortgage insurance (LMI) services. The company manages two licensed general insurance entities, Helia Insurance Pty Limited and Helia Indemnity Limited, with a market focus on supporting home ownership in Australia.
YTD Price Performance: 7.32%
Average Trading Volume: 435
Technical Sentiment Signal: Strong Sell
Current Market Cap: €747.4M
See more data about HLI stock on TipRanks’ Stock Analysis page.