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TOWER LTD

1.540

-0.005-0.32%

Volume:5K

Turnover:7K

Market Cap:527.53M

PE:11.25

High:1.555

Open:1.545

Low:1.540

Close:1.545

52wk High:1.735

52wk Low:1.252

Shares:342.55M

Float Shares:326.29M

Volume Ratio:0.35

T/O Rate:0.00%

Dividend:0.18

Dividend Rate:11.52%

EPS(TTM):0.137

EPS(LYR):0.230

ROE:17.17%

ROA:8.64%

PB:2.01

PE(LYR):6.70

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Overview Company News Filings

Concept

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News

Insurance Council of New Zealand Encourages Sector to Consider Financial Markets Authority Review in Push for Fair Customer Outcomes

MT Newswires Live

Tower Appoints CFO

MT Newswires Live

Westpac NZ Customers to Receive Natural Hazard Risk Information for Properties from Tower Under Insurance Partnership

MT Newswires Live

New Zealand's Financial Markets Authority Urges Insurers to Consider Consumer Risks in Benefits, Campaigns

MT Newswires Live

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Council of New Zealand Encourages Sector to Consider Financial Markets Authority Review in Push for Fair Customer Outcomes","url":"https://stock-news.laohu8.com/highlight/detail?id=2661255928","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2661255928?lang=en_us&edition=fundamental","pubTime":"2026-08-21 09:13","pubTimestamp":1787274836,"startTime":"0","endTime":"0","summary":"The Insurance Council of New Zealand  on Friday encouraged insurers to consider the findings of a Financial Markets Authority review as they work to achieve fair customer outcomes.The review of add-on insurance and extended warranties, published Thursday, found that that stronger oversight of sales and distribution channels is required to support fair outcomes.ICNZ said it \"supports initiatives that help ensure consumers receive clear information, can make informed decisions, and have confidence that insurance products meet their needs.\"The review examined how insurers design, distribute and oversee a range of products and found a recurring gap between the policies and controls insurers described and how they operated in practice.In recent Friday trade in Australia, shares of QBE Insurance Group , Insurance Australia Group , and Suncorp Group  all rose past 1%, while Tower  shed over 1%.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["NZ20C.NZ","BK7034","NZ50G.NZ","TWR.AU","T10G.NZ","SUN.AU","NZG.NZ","IAG.AU","NZT.NZ","QBE.AU","TNZ.NZ","FNZ.NZ"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2653249312","title":"Tower Appoints CFO","url":"https://stock-news.laohu8.com/highlight/detail?id=2653249312","media":"MT Newswires Live","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2653249312?lang=en_us&edition=fundamental","pubTime":"2026-07-21 05:37","pubTimestamp":1784583479,"startTime":"0","endTime":"0","summary":"Tower (ASX:TWR, NZE:TWR) appointed Len Elikhis as chief financial officer, effective Nov. 2, according to Tuesday filings with the Australian and New Zealand bourses.Elikhis will take over from Simon Hoole, who had been serving as interim CFO, the filing 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Westpac NZ customers who apply for a home insurance quotation in the Westpac One online banking platform will be able to directly access natural hazard risk information from Tower  for a specific property, according to a Wednesday statement.Under Westpac's general insurance partnership, Tower is Westpac NZ's underwriter for new house, contents, and car insurance products, effective Wednesday.The current insurance policies of existing Westpac insurance customers underwritten by IAG will continue.Shares of the bank fell 1% in recent trading on both the Australian and New Zealand bourses.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["WBC.AU","WBC.NZ","BK4211","III","BK4134","BK7034","BK8062","CUBI","TWR.AU","BK7511","BK7135"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2642472206","title":"New Zealand's Financial Markets Authority Urges Insurers to Consider Consumer Risks in Benefits, Campaigns","url":"https://stock-news.laohu8.com/highlight/detail?id=2642472206","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2642472206?lang=en_us&edition=fundamental","pubTime":"2026-06-11 08:35","pubTimestamp":1781138102,"startTime":"0","endTime":"0","summary":"New Zealand's Financial Markets Authority on Thursday urged insurers to adopt a proactive andoutcome-focusedapproach to manage risks associated with short-term sales campaigns and incentives, pointing to potential conflicts of interest that can jeopardize the fair treatment of consumers.Although the majority of insurers have processes in place toidentifyand managesuch risks, theirapproachesto risk mitigation vary, the FMA said.The regulator outlined multiple areas of focus, including the need for greater stakeholder involvement when designing incentives, clear governance and approval processes, enhanced monitoring of how incentives impact consumer outcomes, and more use of proactive reviews as opposed to relying only on complaints or feedback.According to the FMA, the risks include insurers potentially recommending a product or value of insurance cover that is not suited to the customer's needs, or recommending a 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