Tower has reported a record underlying profit for the 2025 financial year, with an underlying net profit after tax of $107.2 million, up from $83.5m in the previous year.
The reported profit also increased to $83.7m, compared to $74.3m in FY24.
The company's strong performance was attributed to low large events costs, a reduced business-as-usual claims ratio, and customer growth.
Tower's gross written premium reached $600m, a 2% increase, and its customer base grew by 4% to 318,000.
The company declared a final dividend of 16.5 cents per share, bringing the total dividends for FY25 to 24.5 cents per share.
Looking ahead, Tower expects underlying npat in the range of $55m to $65m for FY26.
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