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Company Profile

  • Business description

    Tower Ltd is a general insurance company. The company provides insurance services namely car, house, contents, travel, business, boat insurance among others. The company has two geographical segments, New Zealand General Insurance, and Pacific Islands General Insurance. The company derives majority of its revenue from New Zealand segment.

  • Contact

    136 Fanshawe Street
    Level 5, PO Box 90347
    Auckland NTL 1142
    NZL

    T: +64 93692000

    E: investor.relations@tower.co.nz

    https://www.tower.co.nz

  • Sector

    Financial Services

    Stock type

    Cyclical

  • Industry

    Insurance - Property & Casualty

    Fiscal Year End

    30 September 2024

    Employees

    850

Stocks News & Analysis

stocks

This undervalued ASX share just had a moat downgrade

Morningstar’s Brian Han downgrades the company’s moat rating and cuts fair value however shares remain at an attractive discount. 
stocks

This ASX share has been awarded a moat by our analysts

Along with the narrow moat rating we raised our fair value by 12%.
video

Now the dust has settled, a mini earnings wrap

Three of our equity analysts reflect on the best results, worst disappointments and biggest market overreactions from their sectors.

Markets

Index
Last price
Change
% Change
All Ordinaries 8,361.20 20.10 0.24%
CAC 40 7,512.09 62.65 0.84%
DAX 40 18,776.47 143.36 0.77%
Dow JONES (US) 41,622.08 228.30 0.55%
FTSE 100 8,342.93 64.49 0.78%
HKSE 17,660.02 237.90 1.37%
NASDAQ 17,592.13 91.85 -0.52%
Nikkei 225 36,203.22 378.54 -1.03%
NZX 50 Index 12,671.95 32.44 -0.26%
S&P 500 5,633.09 7.07 0.13%
S&P/ASX 200 8,140.90 19.30 0.24%
SSE Composite Index 2,704.09 13.03 -0.48%

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% Change
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Pilbara Minerals Ltd PLS 2.85 0.03 -1.04%
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Sayona Mining Ltd SYA 0.02 0.00 0.00%
Westgold Resources Ltd WGX 2.67 0.09 -3.26%
South32 Ltd S32 3.23 0.06 1.89%
Appen Ltd APX 1.61 0.11 6.98%
Core Lithium Ltd CXO 0.10 0.00 -3.06%