Tower

TOWER Insurance is a New Zealand-based insurance company which provides fire & general insurance.


Company Details

Registered Office: Level 5, 136 Fanshawe Street, Auckland 1010, New Zealand
Postal Address: Level 5, 136 Fanshawe Street, Auckland 1010, New Zealand
Telephone: +64-21-900-104
Facsimile: n/a
Website: http://www.tower.co.nz
First Listed: 28/09/1999
Balance Date: 30 September
AGM: 21/02/2024

Directors and Executives

Michael Cutter
Independent Director
Paul Johnston
Chief Financial Officer
Geraldine McBride
Director
Marcus Nagel
Non-Executive Director
Michael Stiassny
Independent Chairman
Graham Stuart
Independent Director
Blair Turnbull
Chief Executive Officer

Announcements

Title Date Type
Tower to discontinue multi-policy discounts Wed, Jul 23 2025 08:30 am MKTUPDTE
SPH Notice - Forsyth Barr Investment Management Limited Wed, Jul 16 2025 05:29 pm SHINTR
SPH Notice - Salt Funds Management Limited Thu, Jul 10 2025 10:39 am SHINTR
Ongoing Disclosure - Blair Turnbull Thu, Jul 10 2025 08:30 am SHINTR
SPH Notice - Forsyth Barr Investment Management Limited Tue, Jul 01 2025 04:48 pm SHINTR
SPH Notice - Accident Compensation Corporation (ACC) Tue, Jul 01 2025 04:28 pm SHINTR
Tower AUD FX Rate for Financial year 2025 Interim Dividend Wed, Jun 18 2025 01:16 pm GENERAL
Tower appoints Paul Johnston as permanent CEO Wed, Jun 11 2025 03:13 pm ADMIN
Ongoing Disclosure - Blair Turnbull Fri, May 23 2025 01:04 pm SHINTR
Tower Appoints Naomi Ballantyne; Marcus Nagel Independent Wed, May 21 2025 02:01 pm ADMIN

Major Holdings Announcements

Date Name No. Held % Current
24/07/23 Investment Services Group Limited 16,462,854 5.43 4.34
01/03/23 Salt Funds Management Limited 30,479,743 7.02 8.03
19/04/22 Accident Compensation Corporation 36,239,113 8.37 9.55
19/04/21 Westpac Banking Corporation 20,302,521 5.48 4.82
16/04/21 New Zealand Funds Management Limite 26,615,216 5.24 6.31
08/03/18 Bain Capital Credit LP, Bain Capita 67,464,858 - 20.00
04/01/18 National Australia Bank Limited 12,520,366 7.36 3.71
29/06/17 Fairfax Corporation Pty Limited - 18.13 -
24/03/17 Blair Cooper 13,604,120 8.30 8.07
20/03/17 UBS AG and its related bodies corpo 2,970,204 7.82 1.76
17/03/17 Perpetual Limited 2,556,325 8.71 1.52

Director’s Interests Announcements

Date Name No. Held % Details Other
15/12/23 Michael John Cutter 34,726 - - -
27/02/23 Geraldine Celia McBride 5,477 - - -
04/01/23 Blair McLaren Turnbull 256,578 - - -
04/04/22 Warren Lee 108,450 - - -
04/04/22 Michael Peter Stiassny 624,897 - - -
04/04/22 Graham Robert Stuart 202,500 - - -
04/04/22 Wendy Thorpe 14,625 - - -
04/04/22 Marcus Nagel 56 - - -
24/10/19 Jeffrey Simon Wright 25,000 - - -
24/10/19 Richard Murdoch Harding 44,625 - - -
22/12/17 Steve Smith 18,460 - - -
01/12/17 David Charles Callanan 1,500 - - -

Analysts’ Forecasts

profit2021 profit2022 eps2021 dps2021 sales2021 ebit2021 ebitda2021
mean 26.6 6.7 4.0 547.4
high 26.6 6.7 4.0 547.4
low 26.6 6.7 4.0 547.4
sample 1 0 1 1 1 0 0

Disclaimer

Data on this page is from BusinessDesk and NZX Ltd for information purposes only. Details are believed to be accurate but no warranty is given as to accuracy, timeliness, reliability or completeness. No person should rely on the contents of the report and all persons should obtain independent professional advice before acting on any information connected with or contained in this report.
Last Updated: 01/02/2023


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