Reported Earnings • May 26
First 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 35% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 23
First half dividend of NZ$0.059 announced Shareholders 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 22
New minor risk - Profit margin trend The 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). Duyuru • Apr 15
Tower Limited to Report First Half, 2026 Results on May 21, 2026 Tower Limited announced that they will report first half, 2026 results on May 21, 2026 Recent Insider Transactions • Mar 03
Chief Executive Officer recently sold AU$137k worth of stock On the 27th of February, Paul Johnston sold around 88k shares on-market at roughly AU$1.55 per share. This transaction amounted to 39% 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 Paul's only on-market trade for the last 12 months. Upcoming Dividend • Jan 07
Upcoming dividend of NZ$0.19 per share Eligible 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%). Duyuru • Dec 04
Tower Limited, Annual General Meeting, Feb 18, 2026 Tower Limited, Annual General Meeting, Feb 18, 2026. Location: and at tote on ascot, 100 ascot avenue,remuera, New Zealand Declared Dividend • Nov 29
Final dividend of NZ$0.19 announced Shareholders will receive a dividend of NZ$0.19. Ex-date: 14th January 2026 Payment date: 29th January 2026 Dividend yield will be 17%, 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. Reported Earnings • Nov 27
Full year 2025 earnings released: EPS: NZ$0.23 (vs NZ$0.21 in FY 2024) Full year 2025 results: EPS: NZ$0.23 (up from NZ$0.21 in FY 2024). Revenue: NZ$616.4m (up 6.5% from FY 2024). Net income: NZ$83.7m (up 18% from FY 2024). Profit margin: 14% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, while revenues in the Insurance industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 08
Tower Limited to Report Fiscal Year 2025 Results on Nov 27, 2025 Tower Limited announced that they will report fiscal year 2025 results on Nov 27, 2025 New Risk • Jul 15
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$590k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (AU$590k sold). Recent Insider Transactions • Jul 15
Insider recently sold AU$195k worth of stock On the 8th of July, Blair Turnbull sold around 134k shares on-market at roughly AU$1.45 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth AU$395k. Insiders have been net sellers, collectively disposing of AU$590k more than they bought in the last 12 months. Duyuru • Jun 11
Tower Limited Appoints Paul Johnston as Permanent Chief Executive Officer, Effective June 11, 2025 Tower 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. Upcoming Dividend • Jun 05
Upcoming dividend of NZ$0.094 per share Eligible shareholders must have bought the stock before 11 June 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of Australian dividend payers (6.1%). Higher than average of industry peers (3.5%). Recent Insider Transactions • May 25
Insider recently bought AU$395k worth of stock On the 22nd of May, Blair Turnbull bought around 290k shares on-market at roughly AU$1.36 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Declared Dividend • May 22
First half dividend of NZ$0.094 announced Shareholders will receive a dividend of NZ$0.094. Ex-date: 11th June 2025 Payment date: 26th June 2025 Dividend yield will be 12%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 21
First half 2025 earnings released: EPS: NZ$0.052 (vs NZ$0.095 in 1H 2024) First half 2025 results: EPS: NZ$0.052. Revenue: NZ$306.9m (up 10% from 1H 2024). Net income: NZ$49.7m (up 53% from 1H 2024). Profit margin: 16% (up from 12% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, while revenues in the Insurance industry in Australia are expected to remain flat. New Risk • Apr 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Duyuru • Apr 07
Tower Limited to Report First Half, 2025 Results on May 20, 2025 Tower Limited announced that they will report first half, 2025 results on May 20, 2025 Reported Earnings • Nov 28
Full year 2024 earnings released: EPS: NZ$0.19 (vs NZ$0.006 in FY 2023) Full year 2024 results: EPS: NZ$0.19 (up from NZ$0.006 in FY 2023). Revenue: NZ$574.8m (up 40% from FY 2023). Net income: NZ$70.9m (up NZ$68.5m from FY 2023). Profit margin: 12% (up from 0.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, while revenues in the Insurance industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 01
Tower Limited, Annual General Meeting, Feb 11, 2025 Tower Limited, Annual General Meeting, Feb 11, 2025. Duyuru • Oct 17
Tower Limited to Report Fiscal Year 2024 Results on Nov 28, 2024 Tower Limited announced that they will report fiscal year 2024 results on Nov 28, 2024 Duyuru • Oct 11
Tower Limited Provides Earnings Guidance for the Year Ending 30 September 2024 Tower 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. Duyuru • Jun 13
Tower Limited Updates Earnings Guidance for the Year Ending September 30, 2024 Tower 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 05
Upcoming dividend of NZ$0.03 per share Eligible 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%. Duyuru • Apr 16
Tower Limited to Report First Half, 2024 Results on May 28, 2024 Tower Limited announced that they will report first half, 2024 results on May 28, 2024 Duyuru • Feb 21
Tower Limited Revises Earnings Guidance for the Fiscal Year 2024 Tower 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. Duyuru • Jan 16
Capital 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. Duyuru • Dec 14
Tower Limited, Annual General Meeting, Feb 21, 2024 Tower Limited, Annual General Meeting, Feb 21, 2024, at 10:00 NZST - New Zealand Standard. New Risk • Nov 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Nov 23
Full 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$413.4m (up 15% from FY 2022). Net income: NZ$2.35m (down 87% from FY 2022). Profit margin: 0.6% (down from 4.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Insurance industry in Australia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • Nov 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 4.9% 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. This is currently the only risk that has been identified for the company. Duyuru • Nov 17
Tower Limited Announces Board Changes Tower 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. Duyuru • Jul 21
Tower Limited Revises Earnings Guidance for the Full Year of 2023 Tower 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 31
First 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. Duyuru • Jan 30
Tower Limited Reaffirms Earnings Guidance for the Fiscal Year 2023 Tower Limited reaffirmed earnings guidance for the fiscal year 2023. The company's fiscal year 2023 full year guidance remains unchanged. Upcoming Dividend • Jan 10
Upcoming dividend of NZ$0.04 per share Eligible 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 (7.0%). Higher than average of industry peers (2.7%). Recent Insider Transactions • Dec 31
Chief Executive Officer recently sold AU$77k worth of stock On 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. Duyuru • Dec 19
Tower Limited, Annual General Meeting, Feb 28, 2023 Tower 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 Reported Earnings • Nov 24
Full year 2022 earnings released: EPS: NZ$0.044 (vs NZ$0.044 in FY 2021) Full year 2022 results: EPS: NZ$0.044 (in line with FY 2021). Revenue: NZ$360.0m (up 5.6% from FY 2021). Net income: NZ$17.6m (down 5.7% from FY 2021). Profit margin: 4.9% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Insurance industry in Australia. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 08
Upcoming dividend of NZ$0.025 per share Eligible shareholders must have bought the stock before 15 June 2022. Payment date: 30 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.5%. Within top quartile of Australian dividend payers (6.2%). Higher than average of industry peers (4.0%). Reported Earnings • May 27
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down NZ$11.5m from profit in 1H 2021). Profit margin: (down from 6.7% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 28% while the industry in Australia is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. Non-Executive & Non Independent Director Marcus Nagel was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. Non-Executive & Non Independent Director Marcus Nagel was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jan 11
Upcoming dividend of NZ$0.025 per share Eligible shareholders must have bought the stock before 18 January 2022. Payment date: 02 February 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.9%. Within top quartile of Australian dividend payers (5.4%). Higher than average of industry peers (3.7%). Reported Earnings • Nov 26
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: NZ$0.044 (up from NZ$0.029 in FY 2020). Revenue: NZ$341.0m (up 4.1% from FY 2020). Net income: NZ$18.7m (up 57% from FY 2020). Profit margin: 5.5% (up from 3.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 24% compared to a 5.0% decline forecast for the insurance industry in Australia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 22
Upcoming dividend of NZ$0.025 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 14 July 2021. Trailing yield: 6.6%. Within top quartile of Australian dividend payers (5.0%). Higher than average of industry peers (3.0%). Reported Earnings • May 29
First half 2021 earnings released: EPS NZ$0.027 (vs NZ$0.035 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: NZ$170.5m (up 3.3% from 1H 2020). Net income: NZ$11.5m (down 20% from 1H 2020). Profit margin: 6.7% (down from 8.7% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 28
Chief Executive Officer recently bought AU$65k worth of stock On the 26th of May, Blair Turnbull bought around 90k shares on-market at roughly AU$0.72 per share. In the last 3 months, they made an even bigger purchase worth AU$66k. Blair has been a buyer over the last 12 months, purchasing a net total of AU$224k worth in shares. Recent Insider Transactions • Mar 03
Chief Executive Officer recently bought AU$66k worth of stock On the 1st of March, Blair Turnbull bought around 96k shares on-market at roughly AU$0.69 per share. This was the largest purchase by an insider in the last 3 months. Blair has been a buyer over the last 12 months, purchasing a net total of AU$159k worth in shares. Recent Insider Transactions • Dec 08
Independent Non-Executive Director recently bought AU$59k worth of stock On the 4th of December, Graham Stuart bought around 100k shares on-market at roughly AU$0.59 per share. In the last 3 months, there was an even bigger purchase from another insider worth AU$114k. Insiders have collectively bought AU$305k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 02
Independent Chairman recently bought AU$114k worth of stock On the 26th of November, Michael Stiassny bought around 200k shares on-market at roughly AU$0.57 per share. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Is New 90 Day High Low • Dec 02
New 90-day high: AU$0.60 The company is up 17% from its price of AU$0.52 on 03 September 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 7.0% over the same period. Reported Earnings • Nov 29
Full year 2020 earnings released: EPS NZ$0.029 The company reported a soft full year result with weaker earnings and profit margins, although revenues were improved. Full year 2020 results: Revenue: NZ$327.4m (up 7.9% from FY 2019). Net income: NZ$11.9m (down 28% from FY 2019). Profit margin: 3.6% (down from 5.5% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Sep 29
New 90-day high: AU$0.59 The company is up 6.0% from its price of AU$0.56 on 30 June 2020. The Australian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 9.0% over the same period. 
