Overview of 1Q24 APRA lodgement and trading update

Helia Group Limited (ASX: $HLI) has submitted its 1Q24 data to the Australian Prudential Regulation Authority (APRA) and provided an update on its trading performance. The APRA lodgement includes data on two licensed general insurance entities, while the trading update reflects lower GWP and insurance revenue compared to the prior corresponding period. The company's FY24 guidance range for insurance revenue remains unchanged at $360 million to $440 million.

Executive Commentary on 1Q24 APRA lodgement and trading update

The APRA lodgement and trading update for 1Q24 demonstrate our commitment to transparency and accountability. We have diligently submitted the required data to APRA, providing insights into our licensed general insurance entities' performance. The trading update reflects the impact of external factors such as the Federal Government Home Guarantee Scheme and lower insured proportion of high LVR loans from the Commonwealth Bank of Australia. Despite the challenges, we remain focused on managing our incurred claims and optimizing our investment revenue to deliver sustainable results.

Summary of 1Q24 APRA lodgement and trading update

Helia Group Limited has successfully lodged its 1Q24 data with APRA, offering a detailed view of its licensed general insurance entities' performance. The trading update indicates lower GWP and insurance revenue compared to the prior corresponding period, influenced by external factors. However, the company maintains its FY24 guidance range for insurance revenue. Looking ahead, Helia remains committed to managing its incurred claims and leveraging investment opportunities to achieve its strategic objectives.