Fitch Ratings Revises Outlook on Helia Group to Negative as Contract Renewal With CommBank Unlikely

MT Newswires Live

Mar 27, 2025

Fitch Ratings revised the outlook on the insurer financial strength rating of Helia Group's (ASX:HLI) operating subsidiary, Helia Insurance, to negative from stable, while affirming the rating at "A," according to a Wednesday statement.

The revision was attributed to "heightened pressure" on Helia Group's competitive positioning in the lenders' mortgage insurance market and earnings amid a "reasonable likelihood" that the Commonwealth Bank of Australia (ASX:CBA) will not renew its contract with the company. CommBank is Helia Group's main lender customer and accounted for 44% of gross written premiums in 2024.

Meanwhile, the affirmation reflects Fitch Ratings' expectation that Helia Group's capitalization will remain "very strong" over the medium term, according to the statement.

Helia Group's shares were up over 1% in recent Thursday trade, while Commonwealth Bank of Australia's shares slipped almost 1%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2522366097"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2522366097\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2522366097?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-27 08:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2522366097","market":"sg","top_or_hot":-1,"title":"Fitch Ratings Revises Outlook on Helia Group to Negative as Contract Renewal With CommBank Unlikely","media":"MT Newswires Live","content":"<html><body><p> Fitch Ratings revised the outlook on the insurer financial strength rating of Helia Group's (ASX:HLI) operating subsidiary, Helia Insurance, to negative from stable, while affirming the rating at \"A,\" according to a Wednesday statement.</p><p>The revision was attributed to \"heightened pressure\" on Helia Group's competitive positioning in the lenders' mortgage insurance market and earnings amid a \"reasonable likelihood\" that the <a href=\"https://laohu8.com/S/CBAPJ.AU\">Commonwealth Bank of Australia</a> (ASX:CBA) will not renew its contract with the company. CommBank is Helia Group's main lender customer and accounted for 44% of gross written premiums in 2024.</p><p>Meanwhile, the affirmation reflects Fitch Ratings' expectation that Helia Group's capitalization will remain \"very strong\" over the medium term, according to the statement.</p><p>Helia Group's shares were up over 1% in recent Thursday trade, while <a href=\"https://laohu8.com/S/CBAPK.AU\">Commonwealth Bank of Australia</a>'s shares slipped almost 1%.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fitch Ratings Revises Outlook on Helia Group to Negative as Contract Renewal With CommBank Unlikely</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFitch Ratings Revises Outlook on Helia Group to Negative as Contract Renewal With CommBank Unlikely\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-03-27 08:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Fitch Ratings revised the outlook on the insurer financial strength rating of Helia Group's (ASX:HLI) operating subsidiary, Helia Insurance, to negative from stable, while affirming the rating at \"A,\" according to a Wednesday statement.</p><p>The revision was attributed to \"heightened pressure\" on Helia Group's competitive positioning in the lenders' mortgage insurance market and earnings amid a \"reasonable likelihood\" that the <a href=\"https://laohu8.com/S/CBAPJ.AU\">Commonwealth Bank of Australia</a> (ASX:CBA) will not renew its contract with the company. CommBank is Helia Group's main lender customer and accounted for 44% of gross written premiums in 2024.</p><p>Meanwhile, the affirmation reflects Fitch Ratings' expectation that Helia Group's capitalization will remain \"very strong\" over the medium term, according to the statement.</p><p>Helia Group's shares were up over 1% in recent Thursday trade, while <a href=\"https://laohu8.com/S/CBAPK.AU\">Commonwealth Bank of Australia</a>'s shares slipped almost 1%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CBA.AU","symbol_name":"COMMONWEALTH BANK OF AUSTRALIA","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2522366097","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522366097","pubTimestamp":1743036319,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Fitch Ratings revised the outlook on the insurer financial strength rating of Helia Group's  operating subsidiary, Helia Insurance, to negative from stable, while affirming the rating at \"A,\" according to a Wednesday statement.The revision was attributed to \"heightened pressure\" on Helia Group's competitive positioning in the lenders' mortgage insurance market and earnings amid a \"reasonable likelihood\" that the Commonwealth Bank of Australia  will not renew its contract with the company. CommBank is Helia Group's main lender customer and accounted for 44% of gross written premiums in 2024.Meanwhile, the affirmation reflects Fitch Ratings' expectation that Helia Group's capitalization will remain \"very strong\" over the medium term, according to the statement.Helia Group's shares were up over 1% in recent Thursday trade, while Commonwealth Bank of Australia's shares slipped almost 1%.","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"CBA.AU":"COMMONWEALTH BANK OF AUSTRALIA","HLI.AU":"Helia Group Limited"},"translate_title":"惠誉评级将Helia Group的前景调整为负面，因为不太可能与CommBank续签合同","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CBA.AU":0.9,"HLI.AU":0.9},"content_text":"Fitch Ratings revised the outlook on the insurer financial strength rating of Helia Group's (ASX:HLI) operating subsidiary, Helia Insurance, to negative from stable, while affirming the rating at \"A,\" according to a Wednesday statement.The revision was attributed to \"heightened pressure\" on Helia Group's competitive positioning in the lenders' mortgage insurance market and earnings amid a \"reasonable likelihood\" that the Commonwealth Bank of Australia (ASX:CBA) will not renew its contract with the company. CommBank is Helia Group's main lender customer and accounted for 44% of gross written premiums in 2024.Meanwhile, the affirmation reflects Fitch Ratings' expectation that Helia Group's capitalization will remain \"very strong\" over the medium term, according to the statement.Helia Group's shares were up over 1% in recent Thursday trade, while Commonwealth Bank of Australia's shares slipped almost 1%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}