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Tower Limited ( (AU:TWR) ) has provided an announcement.
Tower Limited reported a record underlying profit for FY25, with an NPAT of $107.2 million and a reported profit of $83.7 million. The company’s strong performance was attributed to low large event costs, a reduced claims ratio, and customer growth. The board declared a fully imputed final dividend of 16.5 cents per share, reflecting the positive results. Tower’s strategic focus on home insurance led to an 11% increase in home insurance policies, and the company strengthened its future growth foundations through a new partnership with Westpac NZ.
More about Tower Limited
Tower Limited is a Kiwi insurer operating in the financial services industry, primarily focusing on providing insurance products. The company offers a range of insurance services, with a strategic emphasis on home insurance, and is known for its digital platform and customer-centric approach.
Average Trading Volume: 47,246
Technical Sentiment Signal: Buy
Current Market Cap: A$580.1M
For a thorough assessment of TWR stock, go to TipRanks’ Stock Analysis page.