Tower Limited Reports Strong Half-Year Financial Results

Tower Limited ( (AU:TWR) ) just unveiled an announcement.

Tower Limited reported a strong financial performance for the first half of 2025, with an underlying net profit after tax of $61.7 million and a reported profit of $49.7 million. The company’s success was driven by improvements in claims performance, gross written premium growth, and a better management expense ratio. Despite provisions for customer remediation costs and increased estimates for Canterbury earthquake claims, Tower’s customer base grew, and the company declared an interim dividend of 8 cents per share. The insurer’s strategic focus on risk selection and competitive pricing has resulted in a significant portion of new policies being rated as low risk for flooding, enhancing its market positioning.

More about Tower Limited

Tower Limited is a New Zealand-based insurance company that primarily offers home, contents, and motor insurance. The company focuses on the New Zealand market, utilizing a risk-based pricing approach to manage its exposure to natural hazards, particularly flooding.

Average Trading Volume: 25,452

Technical Sentiment Signal: Buy

Current Market Cap: A$456.5M

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