View ValuationTower 향후 성장Future 기준 점검 3/6Tower (는) 각각 연간 13.2% 및 3.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 14.1% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 20.9% 로 예상됩니다.핵심 정보13.2%이익 성장률14.09%EPS 성장률Insurance 이익 성장6.8%매출 성장률3.1%향후 자기자본이익률20.89%애널리스트 커버리지Low마지막 업데이트22 May 2026최근 향후 성장 업데이트공시 • Oct 11Tower Limited Provides Earnings Guidance for the Year Ending 30 September 2024Tower Limited provided earnings guidance for the year ending 30 September 2024. For the year, the company expects profit to be around $74 million after allowing for an increase in payments related to customer remediations and associated costs, including those related to regulatory action.공시 • Jun 13Tower Limited Updates Earnings Guidance for the Year Ending September 30, 2024Tower Limited updated earnings guidance for the year ending 30 September 2024. Full year underlying NPAT guidance is expected to be greater than $40 million, up from greater than $35 million as previously advised. This increase is due to a continuation of positive trading conditions including unseasonably benign weather in the past two months. While there were two storms in New Zealand in May, both had relatively insignificant claims costs for Tower, and the threshold for large events was not met.공시 • Feb 21Tower Limited Revises Earnings Guidance for the Fiscal Year 2024Tower Limited revised earnings guidance for the fiscal year 2024. For the year, the company expects underlying NPAT to be at the upper end of, or exceed, the previously advised range of between $22 million and $27 million. This assumes full utilisation of a $45 million large events allowance.공시 • Jul 21Tower Limited Revises Earnings Guidance for the Full Year of 2023Tower Limited revised earnings guidance for the full year of 2023. Full year guidance is revised to a range of between a loss of $2 million and a profit of $3 million from a profit of between $8 million and $13 million, due to the ongoing challenging claims environment in New Zealand.공시 • May 09+ 1 more updateTower Limited Provides Earnings Guidance for the First Half of Fiscal Year 2023Tower Limited provided earnings guidance for the first half of fiscal year 2023. For the first half, the company expected to report a loss after taxation of around $3 million.공시 • Jan 30Tower Limited Reaffirms Earnings Guidance for the Fiscal Year 2023Tower Limited reaffirmed earnings guidance for the fiscal year 2023. The company's fiscal year 2023 full year guidance remains unchanged.모든 업데이트 보기Recent updatesReported Earnings • May 26First half 2026 earnings released: EPS: NZ$0.067 (vs NZ$0.13 in 1H 2025)First half 2026 results: EPS: NZ$0.067 (down from NZ$0.13 in 1H 2025). Revenue: NZ$296.6m (down 3.4% from 1H 2025). Net income: NZ$22.9m (down 54% from 1H 2025). Profit margin: 7.7% (down from 16% in 1H 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Insurance industry in Australia. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.Declared Dividend • May 23First half dividend of NZ$0.059 announcedShareholders will receive a dividend of NZ$0.059. Ex-date: 10th June 2026 Payment date: 25th June 2026 Dividend yield will be 15%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (148% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has increased by an average of 2.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 64% to bring the payout ratio under control. EPS is expected to grow by 48% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.New Risk • May 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.4% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (148% payout ratio). Profit margins are more than 30% lower than last year (9.4% net profit margin). Significant insider selling over the past 3 months (AU$137k sold).공시 • Apr 15Tower Limited to Report First Half, 2026 Results on May 21, 2026Tower Limited announced that they will report first half, 2026 results on May 21, 2026Upcoming Dividend • Jan 07Upcoming dividend of NZ$0.19 per shareEligible shareholders must have bought the stock before 14 January 2026. Payment date: 29 January 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 12%. Within top quartile of Australian dividend payers (5.6%). Higher than average of industry peers (4.0%).Declared Dividend • Dec 24Final dividend of NZ$0.19 announcedShareholders will receive a dividend of NZ$0.19. Ex-date: 14th January 2026 Payment date: 29th January 2026 Dividend yield will be 16%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio). However, it is covered by cash flows (69% cash payout ratio). The dividend has increased by an average of 2.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. However, EPS is expected to decline by 5.6% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • Dec 04Tower Limited, Annual General Meeting, Feb 18, 2026Tower Limited, Annual General Meeting, Feb 18, 2026. Location: and at tote on ascot, 100 ascot avenue,remuera, New Zealand공시 • Oct 08Tower Limited to Report Fiscal Year 2025 Results on Nov 27, 2025Tower Limited announced that they will report fiscal year 2025 results on Nov 27, 2025공시 • Jun 11Tower Limited Appoints Paul Johnston as Permanent Chief Executive Officer, Effective June 11, 2025Tower Limited announced the appointment of Paul Johnston as its permanent Chief Executive Officer, effective 11 June, 2025. Since 12 February 2025, Mr. Johnston has served as interim CEO, demonstrating strong leadership and a clear commitment to advancing the company's performance. With 20 invaluable asset to Tower. Mr. Johnston joined Tower as Chief Financial Officer (CFO) in January 2022 from Chubb, one of the world's largest publicly traded property and casualty insurance companies, where he held the positions of Chief Financial Officer and Director for the Far East Region. Prior to his tenure at Chubb, Mr. Johnston spent four years at AIG in senior management positions. Tower Chairman, Michael Stiassny expressed strong confidence in Mr. Johnston's ability to lead the company.공시 • May 22+ 1 more updateTower Limited Announces Supplementary Dividend for the Six Months Ended March 31, 2025, Payable on 26 June 2025Tower Limited announced Supplementary dividend of NZD 0.01411765 per share for the six months ended March 31, 2025, with the dividend being payable on 26 June 2025. Record date is June 12, 2025 and ex date is June 11, 2025.공시 • Apr 07Tower Limited to Report First Half, 2025 Results on May 20, 2025Tower Limited announced that they will report first half, 2025 results on May 20, 2025공시 • Jan 23+ 1 more updateTower Limited Announces CEO ChangesTower announced that current Chief Financial Officer (CFO), Paul Johnston, will take over as interim Chief Executive Officer (CEO) on 13 February 2025. This follows the resignation of Blair Turnbull who will step down on 12 February. Mr. Johnston, who joined Tower as CFO in January 2022, has considerable international experience in insurance and financial services, and an extensive background in strategy and operational leadership. This expertise equips him to effectively guide the organisation during this transitional period. The Board's recruitment process for a permanent CEO is ongoing.Upcoming Dividend • Jan 08Upcoming dividend of NZ$0.065 per shareEligible shareholders must have bought the stock before 15 January 2025. Payment date: 30 January 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 9.6%. Within top quartile of Australian dividend payers (6.2%). Higher than average of industry peers (3.8%).공시 • Nov 28+ 1 more updateTower Limited Approves Final Dividend for Fiscal Year 2024, Payable on 30 January 2025Tower Limited on 28 November 2024, the Board approved a final dividend of 6.5 cents per share, with the dividend being payable on 30 January 2025 for approximately $24.7 million. There were no other subsequent events. Record Date is 16 January 2025. This brings total dividends for Fiscal Year 2024 to 9.5 cents per share. Ex-date is January 15, 2025.공시 • Nov 01Tower Limited, Annual General Meeting, Feb 11, 2025Tower Limited, Annual General Meeting, Feb 11, 2025.공시 • Oct 17Tower Limited to Report Fiscal Year 2024 Results on Nov 28, 2024Tower Limited announced that they will report fiscal year 2024 results on Nov 28, 2024공시 • Oct 11Tower Limited Provides Earnings Guidance for the Year Ending 30 September 2024Tower Limited provided earnings guidance for the year ending 30 September 2024. For the year, the company expects profit to be around $74 million after allowing for an increase in payments related to customer remediations and associated costs, including those related to regulatory action.공시 • Jun 13Tower Limited Updates Earnings Guidance for the Year Ending September 30, 2024Tower Limited updated earnings guidance for the year ending 30 September 2024. Full year underlying NPAT guidance is expected to be greater than $40 million, up from greater than $35 million as previously advised. This increase is due to a continuation of positive trading conditions including unseasonably benign weather in the past two months. While there were two storms in New Zealand in May, both had relatively insignificant claims costs for Tower, and the threshold for large events was not met.Upcoming Dividend • Jun 05Upcoming dividend of NZ$0.03 per shareEligible shareholders must have bought the stock before 12 June 2024. Payment date: 27 June 2024. The company last paid an ordinary dividend in November 2013. The average dividend yield among industry peers is 3.4%.공시 • Apr 16Tower Limited to Report First Half, 2024 Results on May 28, 2024Tower Limited announced that they will report first half, 2024 results on May 28, 2024공시 • Feb 21Tower Limited Revises Earnings Guidance for the Fiscal Year 2024Tower Limited revised earnings guidance for the fiscal year 2024. For the year, the company expects underlying NPAT to be at the upper end of, or exceed, the previously advised range of between $22 million and $27 million. This assumes full utilisation of a $45 million large events allowance.공시 • Jan 16Capital Insurance Group agreed to acquire TOWER Insurance (Vanuatu) Limited from Tower Limited (NZSE:TWR).Capital Insurance Group agreed to acquire TOWER Insurance (Vanuatu) Limited from Tower Limited (NZSE:TWR) on January 16, 2024. The sale proceeds are expected to be around $1.6 million, net of costs of sale, subject to adjustment for changes in the subsidiary’s net assets at the completion date. The transaction is conditional on approval by authorities in Vanuatu and Papua New Guinea. The transaction is expected to complete in the first half of 2024.공시 • Dec 14Tower Limited, Annual General Meeting, Feb 21, 2024Tower Limited, Annual General Meeting, Feb 21, 2024, at 10:00 NZST - New Zealand Standard.Reported Earnings • Nov 27Full year 2023 earnings released: EPS: NZ$0.006 (vs NZ$0.044 in FY 2022)Full year 2023 results: EPS: NZ$0.006 (down from NZ$0.044 in FY 2022). Revenue: NZ$412.2m (up 16% from FY 2022). Net income: NZ$2.35m (down 87% from FY 2022). Profit margin: 0.6% (down from 4.9% in FY 2022). Combined ratio: 101.0% (up from 90.1% in FY 2022). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Insurance industry in Australia. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.공시 • Nov 17Tower Limited Announces Board ChangesTower Limited announced the appointment of Mike Cutter as an independent director to the Tower Board to fill a casual vacancy. Mr. Cutter has extensive governance and executive experience in the financial services sector across New Zealand, Australia, Asia and Europe. He is currently the Chair of Arteva Funding, a non-executive Director of Sezzle and Pepper Money and, is a co-founder of credit risk management consultancy, Kadre. Most recently, Mr. Cutter served as interim managing director for Bambora Australia and group managing director for Equifax ANZ. Previously, he served a number of Australian-based boards including Women's Cancer Foundation, Ovarian Cancer Institute, Australian Finance Congress, National Insurance Brokers Association and the Australian Retail Credit Association. Prior executive roles include CEO of OAMPS Insurance Brokers (now Gallagher), GE Money Australia and New Zealand and, CRO of ANZ Australia. Mr. Cutter is based in Melbourne and is a graduate of the Australian Institute of Company Directors and a senior fellow of the Financial Services Institute of Australia. He holds a Bachelor of Science (Hons) from Hertfordshire University. Tower's Board has determined that Mr. Cutter is an independent director. His appointment will be effective immediately. Tower CEO, Blair Turnbull will also step down from the Board. Mr. Turnbull was appointed to the Tower Board as an executive director pending the appointment of a new independent director in March 2023.공시 • Oct 16+ 1 more updateTower Limited to Report Fiscal Year 2023 Results on Nov 23, 2023Tower Limited announced that they will report fiscal year 2023 results on Nov 23, 2023공시 • Jul 21Tower Limited Revises Earnings Guidance for the Full Year of 2023Tower Limited revised earnings guidance for the full year of 2023. Full year guidance is revised to a range of between a loss of $2 million and a profit of $3 million from a profit of between $8 million and $13 million, due to the ongoing challenging claims environment in New Zealand.Reported Earnings • May 31First half 2023 earnings released: NZ$0.02 loss per share (vs NZ$0.007 profit in 1H 2022)First half 2023 results: NZ$0.02 loss per share (down from NZ$0.007 profit in 1H 2022). Revenue: NZ$205.8m (up 17% from 1H 2022). Net loss: NZ$7.44m (down 354% from profit in 1H 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Insurance industry in Australia. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings.공시 • May 09+ 1 more updateTower Limited Provides Earnings Guidance for the First Half of Fiscal Year 2023Tower Limited provided earnings guidance for the first half of fiscal year 2023. For the first half, the company expected to report a loss after taxation of around $3 million.공시 • Jan 30Tower Limited Reaffirms Earnings Guidance for the Fiscal Year 2023Tower Limited reaffirmed earnings guidance for the fiscal year 2023. The company's fiscal year 2023 full year guidance remains unchanged.Upcoming Dividend • Jan 12Upcoming dividend of NZ$0.04 per shareEligible shareholders must have bought the stock before 17 January 2023. Payment date: 01 February 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 11%. Within top quartile of Australian dividend payers (6.9%). Higher than average of industry peers (2.8%).Recent Insider Transactions • Dec 31Chief Executive Officer recently sold AU$77k worth of stockOn the 29th of December, Blair Turnbull sold around 116k shares on-market at roughly AU$0.66 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Blair's only on-market trade for the last 12 months.공시 • Dec 19Tower Limited, Annual General Meeting, Feb 28, 2023Tower Limited, Annual General Meeting, Feb 28, 2023, at 10:00 NZST - New Zealand Standard. Location: Guineas Room 3, Ellerslie Event Centre, Ellerslie Racecourse, 80 Ascot Avenue, Auckland New Zealand이익 및 매출 성장 예측CHIA:TWR - 애널리스트 향후 추정치 및 과거 재무 데이터 (NZD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수9/30/2028669749112229/30/2027615637810429/30/202657948214623/31/20266065795119N/A12/31/202561170109131N/A9/30/202561684122144N/A3/31/202560788148168N/A12/31/202459380137156N/A9/30/202457971125145N/A3/31/202453435524N/A12/31/202351219-516N/A9/30/20234903-158N/A6/30/202342813732N/A3/31/2023416152654N/A12/31/2022385163157N/A9/30/2022355173760N/A3/31/2022338104866N/A12/31/2021337146082N/A9/30/2021335187298N/A6/30/2021337126183N/A3/31/202133375069N/A12/31/202033092543N/A9/30/202032711-116N/A6/30/202032315-1016N/A3/31/202031919-1815N/A12/31/201931118N/A20N/A9/30/201930317N/A25N/A6/30/201929716N/A24N/A3/31/201929216N/A24N/A12/31/20182875N/A17N/A9/30/2018282-7N/A10N/A6/30/2018278-9N/A0N/A3/31/2018274-12N/A-9N/A12/31/2017271-10N/A-21N/A9/30/2017268-8N/A-33N/A6/30/2017266-15N/A-23N/A3/31/2017265-22N/A-14N/A12/31/2016266-22N/A-12N/A9/30/2016266-22N/A-10N/A6/30/2016266-17N/A-14N/A3/31/2016265-12N/A-17N/A12/31/2015265-10N/A1N/A9/30/2015266-8N/A18N/A6/30/2015265-1N/A28N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: TWR 의 연간 예상 수익 증가율(13.2%)이 saving rate(3.6%)보다 높습니다.수익 vs 시장: TWR 의 연간 수익(13.2%)이 Australian 시장(12.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: TWR 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: TWR 의 수익(연간 3.1%)이 Australian 시장(연간 6.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: TWR 의 수익(연간 3.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: TWR의 자본 수익률은 3년 후 20.9%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YInsurance 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/10 03:56종가2026/06/10 00:00수익2026/03/31연간 수익2025/09/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Tower Limited는 7명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Donna FuCitigroup IncJames LindsayForsyth Barr Group Ltd.Ryan FisherGoldman Sachs4명의 분석가 더 보기
공시 • Oct 11Tower Limited Provides Earnings Guidance for the Year Ending 30 September 2024Tower Limited provided earnings guidance for the year ending 30 September 2024. For the year, the company expects profit to be around $74 million after allowing for an increase in payments related to customer remediations and associated costs, including those related to regulatory action.
공시 • Jun 13Tower Limited Updates Earnings Guidance for the Year Ending September 30, 2024Tower Limited updated earnings guidance for the year ending 30 September 2024. Full year underlying NPAT guidance is expected to be greater than $40 million, up from greater than $35 million as previously advised. This increase is due to a continuation of positive trading conditions including unseasonably benign weather in the past two months. While there were two storms in New Zealand in May, both had relatively insignificant claims costs for Tower, and the threshold for large events was not met.
공시 • Feb 21Tower Limited Revises Earnings Guidance for the Fiscal Year 2024Tower Limited revised earnings guidance for the fiscal year 2024. For the year, the company expects underlying NPAT to be at the upper end of, or exceed, the previously advised range of between $22 million and $27 million. This assumes full utilisation of a $45 million large events allowance.
공시 • Jul 21Tower Limited Revises Earnings Guidance for the Full Year of 2023Tower Limited revised earnings guidance for the full year of 2023. Full year guidance is revised to a range of between a loss of $2 million and a profit of $3 million from a profit of between $8 million and $13 million, due to the ongoing challenging claims environment in New Zealand.
공시 • May 09+ 1 more updateTower Limited Provides Earnings Guidance for the First Half of Fiscal Year 2023Tower Limited provided earnings guidance for the first half of fiscal year 2023. For the first half, the company expected to report a loss after taxation of around $3 million.
공시 • Jan 30Tower Limited Reaffirms Earnings Guidance for the Fiscal Year 2023Tower Limited reaffirmed earnings guidance for the fiscal year 2023. The company's fiscal year 2023 full year guidance remains unchanged.
Reported Earnings • May 26First half 2026 earnings released: EPS: NZ$0.067 (vs NZ$0.13 in 1H 2025)First half 2026 results: EPS: NZ$0.067 (down from NZ$0.13 in 1H 2025). Revenue: NZ$296.6m (down 3.4% from 1H 2025). Net income: NZ$22.9m (down 54% from 1H 2025). Profit margin: 7.7% (down from 16% in 1H 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Insurance industry in Australia. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
Declared Dividend • May 23First half dividend of NZ$0.059 announcedShareholders will receive a dividend of NZ$0.059. Ex-date: 10th June 2026 Payment date: 25th June 2026 Dividend yield will be 15%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (148% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has increased by an average of 2.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 64% to bring the payout ratio under control. EPS is expected to grow by 48% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
New Risk • May 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.4% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (148% payout ratio). Profit margins are more than 30% lower than last year (9.4% net profit margin). Significant insider selling over the past 3 months (AU$137k sold).
공시 • Apr 15Tower Limited to Report First Half, 2026 Results on May 21, 2026Tower Limited announced that they will report first half, 2026 results on May 21, 2026
Upcoming Dividend • Jan 07Upcoming dividend of NZ$0.19 per shareEligible shareholders must have bought the stock before 14 January 2026. Payment date: 29 January 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 12%. Within top quartile of Australian dividend payers (5.6%). Higher than average of industry peers (4.0%).
Declared Dividend • Dec 24Final dividend of NZ$0.19 announcedShareholders will receive a dividend of NZ$0.19. Ex-date: 14th January 2026 Payment date: 29th January 2026 Dividend yield will be 16%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio). However, it is covered by cash flows (69% cash payout ratio). The dividend has increased by an average of 2.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. However, EPS is expected to decline by 5.6% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • Dec 04Tower Limited, Annual General Meeting, Feb 18, 2026Tower Limited, Annual General Meeting, Feb 18, 2026. Location: and at tote on ascot, 100 ascot avenue,remuera, New Zealand
공시 • Oct 08Tower Limited to Report Fiscal Year 2025 Results on Nov 27, 2025Tower Limited announced that they will report fiscal year 2025 results on Nov 27, 2025
공시 • Jun 11Tower Limited Appoints Paul Johnston as Permanent Chief Executive Officer, Effective June 11, 2025Tower Limited announced the appointment of Paul Johnston as its permanent Chief Executive Officer, effective 11 June, 2025. Since 12 February 2025, Mr. Johnston has served as interim CEO, demonstrating strong leadership and a clear commitment to advancing the company's performance. With 20 invaluable asset to Tower. Mr. Johnston joined Tower as Chief Financial Officer (CFO) in January 2022 from Chubb, one of the world's largest publicly traded property and casualty insurance companies, where he held the positions of Chief Financial Officer and Director for the Far East Region. Prior to his tenure at Chubb, Mr. Johnston spent four years at AIG in senior management positions. Tower Chairman, Michael Stiassny expressed strong confidence in Mr. Johnston's ability to lead the company.
공시 • May 22+ 1 more updateTower Limited Announces Supplementary Dividend for the Six Months Ended March 31, 2025, Payable on 26 June 2025Tower Limited announced Supplementary dividend of NZD 0.01411765 per share for the six months ended March 31, 2025, with the dividend being payable on 26 June 2025. Record date is June 12, 2025 and ex date is June 11, 2025.
공시 • Apr 07Tower Limited to Report First Half, 2025 Results on May 20, 2025Tower Limited announced that they will report first half, 2025 results on May 20, 2025
공시 • Jan 23+ 1 more updateTower Limited Announces CEO ChangesTower announced that current Chief Financial Officer (CFO), Paul Johnston, will take over as interim Chief Executive Officer (CEO) on 13 February 2025. This follows the resignation of Blair Turnbull who will step down on 12 February. Mr. Johnston, who joined Tower as CFO in January 2022, has considerable international experience in insurance and financial services, and an extensive background in strategy and operational leadership. This expertise equips him to effectively guide the organisation during this transitional period. The Board's recruitment process for a permanent CEO is ongoing.
Upcoming Dividend • Jan 08Upcoming dividend of NZ$0.065 per shareEligible shareholders must have bought the stock before 15 January 2025. Payment date: 30 January 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 9.6%. Within top quartile of Australian dividend payers (6.2%). Higher than average of industry peers (3.8%).
공시 • Nov 28+ 1 more updateTower Limited Approves Final Dividend for Fiscal Year 2024, Payable on 30 January 2025Tower Limited on 28 November 2024, the Board approved a final dividend of 6.5 cents per share, with the dividend being payable on 30 January 2025 for approximately $24.7 million. There were no other subsequent events. Record Date is 16 January 2025. This brings total dividends for Fiscal Year 2024 to 9.5 cents per share. Ex-date is January 15, 2025.
공시 • Nov 01Tower Limited, Annual General Meeting, Feb 11, 2025Tower Limited, Annual General Meeting, Feb 11, 2025.
공시 • Oct 17Tower Limited to Report Fiscal Year 2024 Results on Nov 28, 2024Tower Limited announced that they will report fiscal year 2024 results on Nov 28, 2024
공시 • Oct 11Tower Limited Provides Earnings Guidance for the Year Ending 30 September 2024Tower Limited provided earnings guidance for the year ending 30 September 2024. For the year, the company expects profit to be around $74 million after allowing for an increase in payments related to customer remediations and associated costs, including those related to regulatory action.
공시 • Jun 13Tower Limited Updates Earnings Guidance for the Year Ending September 30, 2024Tower Limited updated earnings guidance for the year ending 30 September 2024. Full year underlying NPAT guidance is expected to be greater than $40 million, up from greater than $35 million as previously advised. This increase is due to a continuation of positive trading conditions including unseasonably benign weather in the past two months. While there were two storms in New Zealand in May, both had relatively insignificant claims costs for Tower, and the threshold for large events was not met.
Upcoming Dividend • Jun 05Upcoming dividend of NZ$0.03 per shareEligible shareholders must have bought the stock before 12 June 2024. Payment date: 27 June 2024. The company last paid an ordinary dividend in November 2013. The average dividend yield among industry peers is 3.4%.
공시 • Apr 16Tower Limited to Report First Half, 2024 Results on May 28, 2024Tower Limited announced that they will report first half, 2024 results on May 28, 2024
공시 • Feb 21Tower Limited Revises Earnings Guidance for the Fiscal Year 2024Tower Limited revised earnings guidance for the fiscal year 2024. For the year, the company expects underlying NPAT to be at the upper end of, or exceed, the previously advised range of between $22 million and $27 million. This assumes full utilisation of a $45 million large events allowance.
공시 • Jan 16Capital Insurance Group agreed to acquire TOWER Insurance (Vanuatu) Limited from Tower Limited (NZSE:TWR).Capital Insurance Group agreed to acquire TOWER Insurance (Vanuatu) Limited from Tower Limited (NZSE:TWR) on January 16, 2024. The sale proceeds are expected to be around $1.6 million, net of costs of sale, subject to adjustment for changes in the subsidiary’s net assets at the completion date. The transaction is conditional on approval by authorities in Vanuatu and Papua New Guinea. The transaction is expected to complete in the first half of 2024.
공시 • Dec 14Tower Limited, Annual General Meeting, Feb 21, 2024Tower Limited, Annual General Meeting, Feb 21, 2024, at 10:00 NZST - New Zealand Standard.
Reported Earnings • Nov 27Full year 2023 earnings released: EPS: NZ$0.006 (vs NZ$0.044 in FY 2022)Full year 2023 results: EPS: NZ$0.006 (down from NZ$0.044 in FY 2022). Revenue: NZ$412.2m (up 16% from FY 2022). Net income: NZ$2.35m (down 87% from FY 2022). Profit margin: 0.6% (down from 4.9% in FY 2022). Combined ratio: 101.0% (up from 90.1% in FY 2022). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Insurance industry in Australia. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
공시 • Nov 17Tower Limited Announces Board ChangesTower Limited announced the appointment of Mike Cutter as an independent director to the Tower Board to fill a casual vacancy. Mr. Cutter has extensive governance and executive experience in the financial services sector across New Zealand, Australia, Asia and Europe. He is currently the Chair of Arteva Funding, a non-executive Director of Sezzle and Pepper Money and, is a co-founder of credit risk management consultancy, Kadre. Most recently, Mr. Cutter served as interim managing director for Bambora Australia and group managing director for Equifax ANZ. Previously, he served a number of Australian-based boards including Women's Cancer Foundation, Ovarian Cancer Institute, Australian Finance Congress, National Insurance Brokers Association and the Australian Retail Credit Association. Prior executive roles include CEO of OAMPS Insurance Brokers (now Gallagher), GE Money Australia and New Zealand and, CRO of ANZ Australia. Mr. Cutter is based in Melbourne and is a graduate of the Australian Institute of Company Directors and a senior fellow of the Financial Services Institute of Australia. He holds a Bachelor of Science (Hons) from Hertfordshire University. Tower's Board has determined that Mr. Cutter is an independent director. His appointment will be effective immediately. Tower CEO, Blair Turnbull will also step down from the Board. Mr. Turnbull was appointed to the Tower Board as an executive director pending the appointment of a new independent director in March 2023.
공시 • Oct 16+ 1 more updateTower Limited to Report Fiscal Year 2023 Results on Nov 23, 2023Tower Limited announced that they will report fiscal year 2023 results on Nov 23, 2023
공시 • Jul 21Tower Limited Revises Earnings Guidance for the Full Year of 2023Tower Limited revised earnings guidance for the full year of 2023. Full year guidance is revised to a range of between a loss of $2 million and a profit of $3 million from a profit of between $8 million and $13 million, due to the ongoing challenging claims environment in New Zealand.
Reported Earnings • May 31First half 2023 earnings released: NZ$0.02 loss per share (vs NZ$0.007 profit in 1H 2022)First half 2023 results: NZ$0.02 loss per share (down from NZ$0.007 profit in 1H 2022). Revenue: NZ$205.8m (up 17% from 1H 2022). Net loss: NZ$7.44m (down 354% from profit in 1H 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Insurance industry in Australia. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
공시 • May 09+ 1 more updateTower Limited Provides Earnings Guidance for the First Half of Fiscal Year 2023Tower Limited provided earnings guidance for the first half of fiscal year 2023. For the first half, the company expected to report a loss after taxation of around $3 million.
공시 • Jan 30Tower Limited Reaffirms Earnings Guidance for the Fiscal Year 2023Tower Limited reaffirmed earnings guidance for the fiscal year 2023. The company's fiscal year 2023 full year guidance remains unchanged.
Upcoming Dividend • Jan 12Upcoming dividend of NZ$0.04 per shareEligible shareholders must have bought the stock before 17 January 2023. Payment date: 01 February 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 11%. Within top quartile of Australian dividend payers (6.9%). Higher than average of industry peers (2.8%).
Recent Insider Transactions • Dec 31Chief Executive Officer recently sold AU$77k worth of stockOn the 29th of December, Blair Turnbull sold around 116k shares on-market at roughly AU$0.66 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Blair's only on-market trade for the last 12 months.
공시 • Dec 19Tower Limited, Annual General Meeting, Feb 28, 2023Tower Limited, Annual General Meeting, Feb 28, 2023, at 10:00 NZST - New Zealand Standard. Location: Guineas Room 3, Ellerslie Event Centre, Ellerslie Racecourse, 80 Ascot Avenue, Auckland New Zealand