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Tower guides towards another robust year

Listed insurer has delivered a first-half profit and revenue boost as it beds in more robust risk selection and price strategy.

Interim CEO Paul Johnston.

Key points
  • Revenue: up 8% to $296m
  • Profit: up 38% to $49.7m 
  • Main takeaway: Solid first half for listed insurance company as it guides to beat last year's annual result with few major weather events.

Shares in listed insurance company Tower rose today after it reported a solid first-half result and said it was on target to beat last year’s annual result.

Today, it reported broad revenue and profit growth in the six months ended March 31. Net profit was $49.7 million, up from $36m last year.

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Jonathan Mitchell Tue, 20 May 2025
Contact the Writer: jmitchell@nbr.co.nz
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Key points
  • Revenue: up 8% to $296m
  • Profit: up 38% to $49.7m 
  • Main takeaway: Solid first half for listed insurance company as it guides to beat last year's annual result with few major weather events.
Company profile
Powered by:
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Tower guides towards another robust year
Investment,
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