Helia Group Reports Strong Financial Results and Strategic Progress in 2024

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Helia Group Reports Strong Financial Results and Strategic Progress in 2024

Genworth Mortgage Insurance Australia Ltd ( (AU:HLI) ) has issued an announcement.

Helia Group Limited reported a statutory net profit after tax of $231.5 million for the year ending December 2024, with a focus on strategic initiatives and capital management. Despite a decrease in underlying NPAT compared to the previous year, the company declared substantial dividends and maintained a strong market position in the LMI sector. Helia’s strategic efforts include growing market share, enhancing operational efficiency, and engaging with government policies impacting the LMI industry. The company’s initiatives, such as the ‘LMI Lets Me In’ program, aim to increase awareness and understanding of LMI benefits among home buyers and mortgage brokers.

More about Genworth Mortgage Insurance Australia Ltd

Helia Group Limited, operating in the financial services industry, specializes in Lenders Mortgage Insurance (LMI). The company focuses on supporting home ownership and financial wellbeing, particularly for first-time home buyers, upgraders, and property investors in Australia.

YTD Price Performance: 1.43%

Average Trading Volume: 1,569

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €793.7M

See more insights into HLI stock on TipRanks’ Stock Analysis page.

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