Genworth Mortgage Insurance Australia Ltd ( (AU:HLI) ) has issued an announcement.
Helia Group Limited reported a strong financial performance in 2024, with a statutory net profit after tax of $232 million and a 6% increase in Gross Written Premium. The company has successfully implemented strategic initiatives, including a digital onboarding system and technology integrations, to enhance customer service and operational efficiency. Despite challenges such as high interest rates and the Federal Government’s Home Guarantee Scheme, Helia maintained a robust market position, retaining 100% of customer contract renewals and achieving a high Net Promoter Score.
More about Genworth Mortgage Insurance Australia Ltd
Helia Group Limited operates in the mortgage insurance industry, focusing on providing lenders mortgage insurance (LMI) to support home ownership in Australia. The company is committed to enhancing financial wellbeing through home ownership, leveraging innovative technology and customer service to strengthen its market position.
Average Trading Volume: 1,711,028
Technical Sentiment Signal: Buy
Current Market Cap: A$1.37B
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