Helia Group (HLI) Q3 2025 TU earnings summary

Executive summary

• 3Q25 APRA lodgement completed for two wholly owned insurance subsidiaries, covering the three months ended 30 September 2025.

• Board completed a comprehensive business review, reaffirming commitment to the Australian LMI market and focus on evolving with market changes.

Financial highlights

• Gross written premium (GWP) for 3Q25 increased year-over-year, driven by higher market share and industry lending volumes, but remains below historic levels due to the expanded 5% Deposit Scheme.

• Insurance revenue declined year-over-year, reflecting lower GWP in recent book years; FY25 guidance for insurance revenue remains $350–$390 million.

• Total incurred claims were negative for the quarter and year-to-date, indicating extremely low claims and a continued benign claims environment.

• Net investment revenue was in line with the prior year but weaker in 3Q25 due to unrealised bond portfolio losses.

• Statutory net profit after tax (NPAT) for 3Q25 was $66.5 million, up from $62.0 million in the prior year.

Outlook and guidance

• FY25 insurance revenue guidance remains unchanged at $350–$390 million.

• Total incurred claims for FY25 are expected to remain negative, with no signs of reversal in the benign claims environment.

• The expansion of the 5% Deposit Scheme is expected to materially reduce GWP for the LMI market, gradually impacting insurance revenue.