Helia Group Ltd

HLI: XASX (AUS)
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Helia: Claims Cycle Begins to Turn as Rates, Jobs, and House Prices Move the Wrong Way

Helia's top line continued shrinking in the third quarter. Year-to-date gross written premiums fell 53%, affected by the loss of Commonwealth Bank and the expanded government deposit scheme. Meanwhile, rising delinquencies and falling house prices are pushing up claim costs.

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