CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Australia's Helia eyes biggest daily drop since July, Morningstar flags rising claims risk

By Reuters News8 hours ago Updated

** Shares of Australia's Helia Group HLI.AX drop 7.4% to A$5.020, on track for their worst session since July 21

** Mortgage insurance provider on Friday reported a 53.1% fall in YTD gross written premiums to A$82.5 million

** Co attributed the decline to the loss of the Commonwealth Bank of Australia contract, the expanded government deposit scheme and slower home lending

** Morningstar says recent low claims are unlikely to persist, citing weaker home prices, higher interest rates and rising unemployment

** Morningstar lifts its 2026 and 2027 claims forecasts, cutting short-term earnings forecasts by an average 4%

** Adds shares remain overvalued given rising claims risk and pricing pressure

** Stock up 8.2% YTD

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