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Tower lowers profit guidance on higher claims costs

Higher claims driven by building cost pressures.

NZX-listed insurer Tower has lowered its net profit guidance on the back of more house claims and price pressures on building costs.

The company said today it now expected net profit after tax for the year ended September 30 would be between $25 million and $27m. That was lower than the previous

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Hamish McNicol Mon, 17 May 2021
Contact the Writer: Hmcnicol@nbr.co.nz
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Tower lowers profit guidance on higher claims costs
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