HLI 1.03% $3.84 helia group limited

From QBE announcement this morning... seems a consistent...

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    From QBE announcement this morning... seems a consistent narrative with HLI past investor briefings.

    - QBE LMI gross written premium declined 39% to $97 million, driven by reduced housing market activity and new government initiatives to support first home buyers.
    - Favourable experience in LMI and CTP more than offset catastrophe and inflation-related strengthening in short-tail classes, and higher wage growth assumptions in liability lines.
    - QBE Australia Pacific’s net commission ratio increased slightly to 15.7% from 15.5% in the prior year. This primarily reflected business mix changes, given growth in certain commercial lines segments, combined with ongoing reduction in LMI premium.
    - The LMI result was characterised by further reduction in gross written premium, albeit a strong underwriting result, which was supported by favourable prior year development.



 
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