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Tower Limited ( (AU:TWR) ) has provided an update.
Tower Limited has revised its earnings guidance for the fiscal year ending September 2025, with an upward revision in underlying net profit after tax (NPAT) to between $60 million and $70 million, reflecting strong business performance and favorable conditions such as benign weather and easing inflation. While customer growth has been strong, the company has adjusted its guidance for gross written premiums due to lower average premiums from new house and motor policies, resulting in a revised growth of between 7% and 12%. The combined operating ratio has improved, indicating enhanced operational efficiency.
More about Tower Limited
Tower Limited is a New Zealand-based insurance company, primarily engaged in providing various insurance services. The company focuses on delivering insurance solutions, including house and motor policies, to its customer base across New Zealand.
YTD Price Performance: 1.83%
Average Trading Volume: 54,608
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$443M
For detailed information about TWR stock, go to TipRanks’ Stock Analysis page.