Helia Group's contract update with Commonwealth Bank

Helia Group Limited (ASX: $HLI) has received notice from the Commonwealth Bank of Australia (CBA) regarding the issuance of a Request for Proposal for its external Lenders Mortgage Insurance (LMI) requirements. The current contract, which expires on 31 December 2025, covers new high Loan to Value Ratio (LVR) residential mortgage loans for a portion of CBA group brands and accounted for approximately 53 per cent of Helia's Gross Written Premium (GWP) in FY2023.

Executive Commentary on Helia's Relationship with CBA

Helia's Chief Executive Officer and Managing Director, Ms Pauline Blight-Johnston, expressed the company's commitment to continuing and extending its long-standing relationship with CBA. She highlighted Helia's pioneering role as Australia's first LMI provider, leveraging nearly 60 years of experience to support aspiring home buyers in achieving their property ownership goals.

Summary of Helia's Contract Update with CBA

Helia Group Limited (ASX: $HLI) has been informed by the Commonwealth Bank of Australia (CBA) about the upcoming Request for Proposal for external Lenders Mortgage Insurance (LMI) requirements. The current contract, covering a significant portion of CBA group brands and contributing to approximately 53 per cent of Helia's Gross Written Premium (GWP) in FY2023, is set to expire on 31 December 2025. The company's CEO, Ms Pauline Blight-Johnston, emphasized Helia's historical significance as Australia's first LMI provider and its dedication to leveraging decades of experience to facilitate home ownership for customers. The announcement signifies Helia's intent to continue and expand its partnership with CBA, reflecting the company's enduring commitment to the Australian property market.