Tower Limited
TWR.ASXFinancials
Market Data
$1.550
+0.0%$532.3M
11.6x
$0.164
11.69%
-0.0%
Latest Earnings
Tower reports strong HY earnings
21 May 2026
Tower Limited delivered underlying NPAT of $36.8M in HY26, down 40% from the exceptionally strong HY25 ($61.7M) which benefited from unusually benign weather, but reported profit of $22.9M reflects normalization of claims experience and customer remediation costs. The company maintained customer growth of 5% to 327,000 and upgraded GWP guidance to low-single digits growth, while maintaining FY26 underlying NPAT guidance of $55-65M assuming full utilization of its $45M large event allowance. Key points: Customer base grew 5% year-on-year to 327,000, with strong 9% growth in New Zealand home insurance policies; Over 90% of new house policies sold during HY26 were assessed as Low or Very Low risk for flood, sea-surge and landslide, reflecting expanded risk-based pricing; Two significant growth initiatives commencing in H2: partnership with Westpac and back-book referral arrangement with Kiwibank customers
Recent Announcements
Tower reports strong HY earnings
Tower Limited delivered underlying NPAT of $36.8M in HY26, down 40% from the exceptionally strong HY25 ($61.7M) which benefited from unusually benign weather, but reported profit of $22.9M reflects normalization of claims experience and customer remediation costs. The company maintained customer growth of 5% to 327,000 and upgraded GWP guidance to low-single digits growth, while maintaining FY26 underlying NPAT guidance of $55-65M assuming full utilization of its $45M large event allowance. Key points: Customer base grew 5% year-on-year to 327,000, with strong 9% growth in New Zealand home insurance policies; Over 90% of new house policies sold during HY26 were assessed as Low or Very Low risk for flood, sea-surge and landslide, reflecting expanded risk-based pricing; Two significant growth initiatives commencing in H2: partnership with Westpac and back-book referral arrangement with Kiwibank customers
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