Wasn't expecting that update because APRA had suspended the series - anyway good to see everything trucking along nicely. Looks like another negative claims year and with the current HPA even if there is a rise in delinquencies (still waiting) the severity of claims will be limited. It's a pity that APRA won't release the data for the September qtr - that's where you get to see the mix of claims paid vs movements in reserves that contributes to the negative claims result. By the time they are paying divis next year we will have < 300 M SOI so I reckon your 91c ( i.e. 14c plus 77c) fully franked mightn't be too far off W!
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- Ann: 3Q23 APRA GIILS lodgement and market update
Ann: 3Q23 APRA GIILS lodgement and market update, page-6
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