Company Interview / Helia ups dividend despite drop in full-year profit

Helia CEO Pauline Blight-Johnson (ASX: HLI) comments on the company's mixed financial results, revealing a 16% drop in full-year profit to $231.5 million, with revenue down 11%. Helia's (ASX: HLI) share price rises nearly 15% due to dividends. Pauline notes low claims experience reflects Australians' resilience in paying mortgages.

She highlights that reduced premiums and subdued business growth are influenced by the government's First Home guarantee scheme. A potential drop in interest rates could relieve borrowers, but unemployment remains a significant impact factor. Helia (ASX: HLI) maintains a strong 20% ROE, though acknowledges recent profits as unsustainable long-term.

Insurance revenue is projected between $310-$390 million, while a $121 million share buyback is planned. The company aims to manage capital responsibly, rewarding shareholders amid ongoing market changes. Helia (ASX: HLI) seeks market share growth and anticipates capital management continuity despite potential claim increases.