2.10
-0.47%
Close of 9 Nov 2026, in NZD
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About Tower
Its shares trade on NZX under the ticker TWR.NZ. It has been listed since 28 September 1999. In the fiscal year to 30 September 2025, it reported revenue before interest expense of NZD 541.6m and net income of NZD 83.7m. At that date it held total assets of NZD 612.9m and shareholders' equity of NZD 350.7m.
Tower Ltd. engages in the provision of general insurance services. The firm operates in two geographical segments: New Zealand and the Pacific region. The New Zealand segment consists of general insurance business written in New Zealand. The Pacific Islands segment includes general insurance business with customers in the Pacific Islands written by Tower Insurance Limited subsidiaries and branch operations. The firm offers car insurance, content insurance, house insurance, business insurance, travel insurance and others. Its Other insurances include motorbike insurance, boat insurance and caravan insurance It offers a mobile application, SmartDriver, which help users manage their driving by giving them tips along the way. SmartDriver application collects basic driving information through the sensors within users' smartphone, including the accelerometer and the global positioning system.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Insurance
- Listed since
- 28 Sept 1999
- Employees
- 366
- Website
- tower.co.nz ↗
Leadership
Pay as last reported
- Mr. Michael StiassnyNon-Executive Independent Chairman of the Board, since 2014A$180,000
- Mr. Blair TurnbullChief Executive Officer, since 2020A$650,000
- Mr. Paul JohnstonChief Financial Officer, since 2021
- Ms. Paula ter BrakeMD - Tower Pacific and Chief Risk Officer, since 2021
- Mr. Jonathan BealeManaging Director, Partnerships, since 2021
- Ms. Michelle JamesChief Customer Officer, since 2016
- Mr. Ronald MudaliarChief Underwriting Officer, since 2019
- Mr. Peter MugglestonChief Digital and Data Officer, since 2020
- Mr. Andrew HambletonMember of the Executive Board, since 2021
- Ms. Hannah SnellingCompany Secretary, since 2021
- Mr. Marcus NagelNon-Executive Director, since 2019A$100,000
- Mr. Warren LeeNon-Executive Independent Director, since 2015A$110,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 38
- Environment
- 11
- Social
- 47
- Governance
- 55
- Direct emissions (scope 1)
- 160 t
- Energy emissions (scope 2)
- 142 t
- Value chain emissions (scope 3)
- 859 t
- Women in the workforce
- 62%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Tower Ltd possesses several strengths that contribute to its success in the market. These include:
Weaknesses
- Despite its strengths, Tower Ltd also has certain weaknesses that need to be addressed in order to mitigate risks and enhance competitiveness. These weaknesses include:
Opportunities
- Tower Ltd can capitalize on the following opportunities to expand its market presence and improve profitability:
Threats
- Tower Ltd should also be aware of potential threats that could impact its business negatively:
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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