Australia's Helia Group hits over 2-month high on upgrading FY24 forecast
** Shares of insurance provider Helia Group HLI.AX rise as much as 4.1% to A$4.110, their highest level 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
** Says total incurred claims are expected to increase in 2H24
** However, co posts 22% fall in underlying net profit after tax for HY
** Declares dividend of 15 AU cents per share, higher than 14 AU cents per share declared in the prior year
** Stock down 2.3% YTD as of last close
($1 = 1.4861 Australian dollars)
Reporting by John Biju in Bengaluru
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