Helia Group Ltd
HLI: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|TG | LOCK|^w@ | LOCK|$@DGXdQ |
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.
