Highlights

  • Helia submitted its 3Q25 data to APRA, covering two licensed insurance subsidiaries.
  • Gross written premiums increased year-to-date, supported by higher market share and lending volumes.
  • The Board completed a comprehensive review, with cost reductions of AUD 15 million implemented in FY25.

Helia Group Limited (ASX:HLI) has provided an update on its 3Q25 Australian Prudential Regulation Authority (APRA) lodgement, year-to-date trading, and the outcomes of a comprehensive Board review. The announcement highlights operational data for the three months ending 30 September 2025 and outlines the company’s continued management of its balance sheet and cost structure.

3Q25 APRA Lodgement

The company finalised submission of its 3Q25 APRA lodgement on 28 October 2025. The data covers Helia Insurance Pty Limited, the company’s principal operating subsidiary, and Helia Indemnity Limited, which is in run-off. The lodgement is not externally reviewed or audited, does not consolidate the subsidiaries, and excludes a full review of claims reserving or associated insurance revenue adjustments.

For the quarter, Helia Insurance reported gross written premium (GWP) of AUD 66.1 million, bringing year-to-date GWP to AUD 176.0 million, up from AUD 135.6 million in the same period last year. Insurance revenue reached AUD 92.7 million for the quarter and AUD 274.9 million year-to-date. Total incurred claims were negative at AUD 27.1 million for 3Q25 and AUD 54.0 million year-to-date, reflecting low paid claims and reduced reserves. Net investment revenue was AUD 17.8 million for the quarter and AUD 121.3 million year-to-date, while statutory net profit after tax (NPAT) stood at AUD 66.5 million for 3Q25 and AUD 200.9 million year-to-date. The prescribed capital amount (PCA) coverage ratio was 1.85 times, consistent with previous periods.

Trading Performance in 3Q25

Gross written premiums increased compared with the previous corresponding period, driven by higher market share and increased lending volumes. However, GWP remains below historical levels and continues to be affected by the Australian Government’s expanded 5% Deposit Scheme. Insurance revenue for FY25 is in line with prior expectations, and the benign claims environment continues, with negative total incurred claims recorded for the quarter and year-to-date. Net investment revenue was consistent with the previous corresponding period, although 3Q25 reflected unrealised losses in the bond portfolio.

Comprehensive Business Review

Helia’s Board completed a comprehensive business review during the quarter. The company is targeting growth through existing and new customer relationships, leveraging expertise in high loan-to-value lending. Helia holds a 51% share of the LMI industry in-force, providing scale in a market with high fixed expenses. The company has reduced recurring costs by AUD 15 million in FY25 and continues to focus on systems and process efficiencies. Helia maintains a flexible balance sheet, with options including reinsurance and Tier 2 subordinated debt issuance. The target capital range of 1.40 to 1.60 times APRA PCA remains unchanged, and the Board will continue exploring ways to return excess capital to shareholders efficiently.

Share Price Movement

HLI shares were trading 2.13% lower at AUD 5.51 per share at the time of writing on 29 October 2025.