Company Profile

Tower

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


Announcements
Title Date Type
AM Best affirms Tower Limited's A- (excellent) rating Tue, Apr 26 2022 08:31 am CREDIT
Tower Half Year 2022 Results Date Tue, Apr 26 2022 08:31 am GENERAL
SPH Notice – Accident Compensation Corporation (ACC) Tue, Apr 19 2022 03:17 pm SHINTR
Ongoing Disclosure Notices Mon, Apr 04 2022 05:18 pm SHINTR
Tonga Event Claims Update and Cyclone Dovi Claims Tue, Mar 22 2022 05:15 pm MKTUPDTE
Capital Change Notice - Return of Capital to Shareholders Wed, Mar 09 2022 04:11 pm SECISSUE
Capital Return to Shareholders Implemented Wed, Mar 09 2022 11:47 am CORPACT
Tower Limited (“TWR”) – Capital Return to Shareholders Wed, Mar 02 2022 11:54 am MEMO
CAPITAL RETURN – FINAL COURT ORDERS RECEIVED Tue, Mar 01 2022 04:38 pm CORPACT
Results of Annual Shareholder Meeting Wed, Feb 02 2022 01:35 pm MEETING
Directors and Executives
Paul Johnston
Chief Financial Officer
Warren Lee
Independent Director
Marcus Nagel
Non-Executive Director
Michael Stiassny
Independent Chairman
Graham Stuart
Independent Director
Wendy Thorpe
Independent Non-Executive Director
Blair Turnbull
Chief Executive Officer
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: 02/02/2022
Major Holdings Announcements
Date Name No. Held % Current
19/04/22 Accident Compensation Corporation 36,239,113 8.37 9.55
19/07/21 Salt Funds Management Limited 29,607,771 8.41 7.02
19/04/21 Westpac Banking Corporation 20,302,521 5.48 4.82
19/04/21 Investment Services Group Limited 27,379,134 7.58 6.49
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
04/04/22 Blair McLaren Turnbull 372,998 - - -
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 - - -
04/04/22 Warren Lee 108,450 - - -
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 23.0 29.2 5.4 5.0 426.9
high 23.0 29.2 5.4 5.0 426.9
low 23.0 29.2 5.4 5.0 426.9
sample 1 1 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: 31/03/2022
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