Helia Group's Gross Written Premium Rises in Q3

MT Newswires Live11-01

Helia Group's (ASX:HLI) gross written premium rose AU$50.4 million in the third quarter, higher than the same quarter the previous year, according to a Thursday filing with the Austrian bourse.

Gross written premium for January to September fell to AU$135.6 million from AU$141.4 million in the previous comparable period, while insurance revenue fell to AU$285.2 million from AU$331.6 million, the filing said.

Net profit in the same period fell to AU$173.6 million from AU$211.4 million the previous year, the filing added.

Net investment revenue rose to AU$120.3 million from AU$83.9 million, while net financial result rose to AU$62 million from AU$49.4 million, as per the filing.

The insurer maintained its insurance revenue guidance of AU$375 million to AU$415 million for the year.

Helia Group's shares were up almost 2% in recent Friday trade.

Price (AUD): $4.15, Change: $+0.08, Percent Change: +1.97%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment