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
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
Appendix 3A.1 Tue, May 20 2025 09:37 am GENERAL
Tower reports strong half year profit Tue, May 20 2025 08:30 am HALFYR
SPH Notice - Forsyth Barr Investment Management Limited Wed, May 14 2025 08:40 am SHINTR
AM Best affirms Tower Limited's A- (Excellent) FSR Mon, Apr 28 2025 08:56 am CREDIT
Tower updates FY25 guidance Tue, Apr 22 2025 08:30 am MKTUPDTE
Capital Return - ATO Class Ruling Obtained Thu, Apr 17 2025 08:30 am CORPACT
Tower Half Year 2025 Results Date Mon, Apr 07 2025 04:55 pm GENERAL
Disclosure of ceasing to have a substantial holding Thu, Apr 03 2025 10:41 am SHINTR

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


Markets News

Inside Ebos’s ‘revolutionary’ $1.1 billion deal
Markets

Inside Ebos’s ‘revolutionary’ $1.1 billion deal

In 2013, Ebos swallowed a giant. Now it’s the end of an era.

Property

Analysts eye upside in property sector as values stabilise

On average, listed property companies are trading at a 22% discount to NTA.

Analysts eye upside in property sector as values stabilise
Markets

Why MCK’s failed takeover lost Sharesies a customer

This former Sharesies user made bank on MCK, but is leaving the platform anyway.

Why MCK’s failed takeover lost Sharesies a customer
Markets Market Close

Ebos’ index weight grows; NZX 50 drops 0.7%

The a2 Milk Company sunk about 5%.

Gregor Thompson 03 Jun 2025
Ebos’ index weight grows; NZX 50 drops 0.7%
Markets

Steven Joyce, Jim Grenon join NZME board

Joyce had 93% shareholder support, Grenon 86%.

Pattrick Smellie 03 Jun 2025
Steven Joyce, Jim Grenon join NZME board