Tower again hikes FY underlying profit outlook

Tower dodges large-event ballast on profit. (Image: NZME)

Fri, 12 Sep 2025

Tower has updated its guidance for the year ending Sept 30. Underlying profit after tax is now $100 million to $110m – well up on the year, as its large-events allowance again went largely unused.In February, the insurer updated its guidance for a full-year underlying net profit after tax (npat) of $70m to $80m, unchanged from its previous guidance. Its prior-year underlying npat was $83.5m, when it experienced no large events, which Tower defines as a single claims event that has a cost to it of $2m or more, from two or more cu...

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