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
IFRS 17 and Interim Solvency Standard Transition Update	Wed, May 15 2024 08:30 am	GENERAL
AM Best affirms Tower Limited’s A- (Excellent) FSR	Fri, Apr 26 2024 08:30 am	CREDIT
Tower Updates Guidance	Wed, Apr 17 2024 10:02 am	MKTUPDTE
Amended Half Year Results Date	Tue, Apr 16 2024 11:11 am	GENERAL
Amended Capital Change Notice	Tue, Apr 16 2024 09:52 am	SECISSUE
Tower Half Year 2024 Results Date	Tue, Apr 16 2024 09:38 am	GENERAL
Appendix 3G	Tue, Mar 26 2024 09:45 am	SECISSUE
Issue of unlisted share rights under Tower's LTIP	Tue, Mar 26 2024 09:33 am	SECISSUE
FMA files proceedings on multi-policy discount application	Thu, Mar 07 2024 02:04 pm	MKTUPDTE
Results of Annual Shareholders Meeting	Wed, Feb 21 2024 11:53 am	MEETING

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