Australia's Helia Group hits 2-month high on earnings forecast upgrade
Updates with analyst comment
** Shares of insurance provider Helia Group HLI.AX rise as much as 4.1% to A$4.11, their highest levels since June 18
** Co sees insurance revenue between A$375 mln and A$415 mln for FY24 ($252.34 mln and $279.25 mln) higher than its earlier forecast of A$360 mln to A$440 mln
** UBS analysts say FY outlook in line with consensus estimates
** Total incurred claims are expected to increase in 2H24 - Helia
** Co's HY net profit after tax fell 34%, but was 20% above the consensus estimates provided by Macquarie
** Helia declares dividend of 15 AU cents per share, higher than 14 AU cents in the prior year
** Stock down 2.3% YTD, as of last close
($1 = 1.4861 Australian dollars)
Reporting by John Biju and Ayushman Ojha in Bengaluru
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