Market Chatter: Tower Expected to Deliver NZ$94 Million Fiscal Year 2025 Profit, Says Forsyth Barr, interest.co.nz Reports

MT Newswires Live

Jul 24

Tower (NZE:TWR, ASX:TWR) is expected to post an underlying profit of NZ$94 million in fiscal year ending September, up from NZ$83.5 million in fiscal year 2024, interest.co.nz reported on Thursday, citing Forsyth Barr's report.

According to the report, the insurer's risk-based pricing model is deemed its most defensible edge, as it's actively off-risking high-theft car models and focusing on insuring lower-risk properties, reshaping its insurance book.

Tower's Management Expense Ratio (MER) is expected to fall to about 30% within the fiscal year, supported by digital efficiencies and scale, the report added.

Forsyth Barr analysts expect Tower to achieve 18.8% return on equity by 2027, aligning with its own guidance and outperforming regional peers.

The report notes a "positive step-change" in Tower's earnings base, projecting normalized fiscal year 2026 earnings of NZ$61.8 million under typical weather conditions.

Forsyth Barr has rated Tower as outperform.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7034","symbol_name":"财产与意外伤害保险","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2553716482","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553716482","pubTimestamp":1753340217,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}