Helia Group reported its first-quarter results and lodged its Australian Prudential Regulation Authority report for the same period.

The APRA submission focused on Helia Insurance and Helia Indemnity.

Despite challenges such as decreased gross written premium and insurance revenue due to factors like the Federal Government Home Guarantee scheme and reduced insured proportion of high loan to valuation ratio loans from the Commonwealth Bank of Australia (ASX:CBA), the company's statutory net profit after tax came in at $53 million.

Helia reaffirmed its FY24 guidance range of $360 million to $440 million, indicating stable expectations despite market fluctuations.