Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
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
Find detailed analytics on TWR stock on TipRanks’ Stock Analysis page.