Helia Group (ASX:HLI) shares escalated as high as 5.2% to A$3.83, marking their most substantial intraday percentage increase since February 24th.

The mortgage insurer, in its recent report, showed a net profit attributable to A$147.5 million ($94.58 million), which is a 155.4% increase for the half-year.

The company further declared that revenue from ordinary activities for the half-year has spiked up by 276.7% up to A$286.4 million.

Along with these financial revelations, Helia Group made an announcement of an interim dividend of 14 Australian cents per share.

The company also hinted at an expected insurance revenue in the proximity of A$420 million to A$460 million for the fiscal year 23.

Recently, Helia Group’s shares touched their highest level since August 8.

Consequently, there has been an upward trend in the company’s shares, which have risen by 43.7% Year To Date from their last close.

Helia Group is a mortgage insurer.