Main takeaway: Tower reports a solid half, with 97% of claims completed following last year’s extreme weather.
Tower Insurance chair Michael Stiassny has emphasised the importance of risk-based pricing, as the insurer turns a profit amid better weather conditions.
The listed company reported a profit of $36 million in the six months ended March 31, compared with a loss of $5.1m the previous year.
Revenue rose
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
