• 1Q26 APRA lodgement submitted on 30 April 2026
• GWP down 32% due to loss of CBA business and lower First Home Buyer volumes
• Insurance revenue down 9% on previous corresponding period
• Claims remain extremely low with negative total incurred claims of $9.5m
• Net investment revenue negative $2.0m due to rising interest rates and widening credit spreads

Helia Group Limited (ASX:HLI) has provided an update on its 1Q26 Australian Prudential Regulation Authority (APRA) lodgement and year-to-date trading. The company finalised the submission of data for the three months ended 31 March 2026 to APRA on 30 April 2026. The APRA lodgement includes data on two licensed general insurance entities, Helia Insurance Pty Limited and Helia Indemnity Limited, which are both 100% owned subsidiaries of Helia. The 1Q26 data for Helia Insurance Pty Limited showed a 32% decline in Gross Written Premium (GWP) to $34.5 million, reflecting the loss of new business with CBA from 31 January 2026 and lower First Home Buyer volumes due to competition from the Australian Government 5% Deposit Scheme. Insurance revenue was down 9% on the previous corresponding period (pcp) due to the lower GWP in recent book years. Claims remained extremely low, with negative total incurred claims of $9.5 million, reflecting lower delinquencies and rising dwelling values. Net investment revenue was negative $2.0 million in the period, largely due to realised and unrealised losses on the bond portfolio as interest rates rose and credit spreads widened. This was partly offset in insurance finance expense due to a higher discount rate used to value the insurance liabilities. The regulatory capital base remains well above the Prescribed Capital Amount (PCA), but is down from 31 December 2025, due to the payment of the 2025 final dividend, partly offset by organic capital generation.