Company Tower Limited

Equities

TWR

NZTWRE0011S2

Property & Casualty Insurance

End-of-day quote New Zealand S.E. 06:00:00 2024-04-15 pm EDT 5-day change 1st Jan Change
0.77 NZD +4.76% Intraday chart for Tower Limited +11.59% +26.23%

Business Summary

Tower Limited is a New Zealand-based company, which is engaged in the provision of general insurance. The Company operates in two geographical segments: New Zealand and the Pacific region. The New Zealand segment consists of general insurance business underwritten in New Zealand. The Pacific Islands segment includes general insurance business underwritten in the Pacific by Company’s subsidiaries and branch operations. It offers various types of insurance, such as Car Insurance, House Insurance, Contents Insurance, Contract Works-Renovation cover, Landlord Insurance, Boat Insurance, Business Insurance, Travel Insurance, Pet Insurance, Renters’ Insurance, House and Contents bundle, Electric Vehicle Insurance, Motorbike & Motorcycle Insurance, Lifestyle Block and Farm, Caravan or Trailer Insurance, Motorhome, Campervan & RV Insurance, and Multi-Policy Discount. Its subsidiaries include Tower Insurance (Cook Islands) Limited and Tower Insurance (Fiji) Limited.

Number of employees: 897

Sales per Business

NZD in Million2022Weight2023Weight Delta
General Insurance
100.0 %
352 100.0 % 388 100.0 % +10.33%

Sales per region

NZD in Million2022Weight2023Weight Delta
New Zealand
92.1 %
319 90.6 % 358 92.1 % +12.19%
Pacific Islands
7.9 %
33 9.4 % 31 7.9 % -7.53%

Managers

Managers TitleAgeSince
Chief Executive Officer 54 20-07-31
Director of Finance/CFO - 21-12-31
Chief Administrative Officer - 21-07-31
Corporate Officer/Principal - 23-07-30
Corporate Officer/Principal - -
Sales & Marketing - 23-02-28
Corporate Secretary - 22-02-28

Members of the board

Members of the board TitleAgeSince
Chairman - 12-10-11
Director/Board Member 58 Nov. 16
Director/Board Member 62 22-09-30
Director/Board Member 67 12-05-23
Chief Executive Officer 54 20-07-31
Director/Board Member - 19-01-13

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 379,483,987 335,365,680 ( 88.37 %) 0 88.37 %

Shareholders

NameEquities%Valuation
Bain Capital Credit LP
20.00 %
75,896,447 20.00 % 32 M $
Accident Compensation Corp.
9.550 %
36,239,113 9.550 % 15 M $
Salt Funds Management Ltd.
8.032 %
30,479,743 8.032 % 13 M $
New Zealand Funds Management Ltd.
7.014 %
26,615,216 7.014 % 11 M $
Badger International (Pty) Ltd.
5.816 %
22,072,615 5.816 % 9 M $
Symphony Asia Holdings Pte Ltd.
4.269 %
16,200,000 4.269 % 7 M $
13,430,197 3.539 % 6 M $
Clarity Funds Management Ltd.
2.720 %
10,323,415 2.720 % 4 M $
Devon Funds Management Ltd.
1.618 %
6,139,439 1.618 % 3 M $
Guardians of New Zealand Superannuation
0.8172 %
3,101,081 0.8172 % 1 M $

Company contact information

Tower Ltd.

136 Fanshawe Street Level 5

1010, Auckland

+

http://www.tower.co.nz
address Tower Limited(TWR)

Sales per Business

Sales per region

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
0.735 NZD
Average target price
0.81 NZD
Spread / Average Target
+10.20%
Consensus

Annual profits - Rate of surprise

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