Australia's Helia falls on slump in unit's premiums

Helia

01/05/2026 02:46

** Helia Group HLI.AX falls as much as 4.9% to A$5.10; marks sharpest intraday slide since March 10

** Stock among worst performers on financials sub-index .AXFJ, which is down 0.2%

** Insurer reports sharp YoY slump in unit's results, with gross written premiums dropping to A$34.5 mln ($24.8 mln) from A$51 mln and insurance revenue easing to A$84.3 mln from A$92.6 mln

** GWP slips 32% YoY after loss of CBA CBA.AX new business from January, softer first-home buyer demand

** AXFJ up 0.2% on-week, sharply contrasting with HLI's ~2% slide

($1 = A$1.3891)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))