Equities

Tower Ltd

Tower Ltd

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FinancialsNon-life Insurance
  • Price (NZD)0.815
  • Today's Change-0.005 / -0.61%
  • Shares traded48.06k
  • 1 Year change+28.35%
  • Beta0.3852
Data delayed at least 20 minutes, as of May 01 2024 05:59 BST.
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About the company

Tower Limited is a New Zealand-based company, which is engaged in the provision of general insurance. The Company operates in two geographical segments: New Zealand and the Pacific region. The New Zealand segment consists of general insurance business underwritten in New Zealand. The Pacific Islands segment includes general insurance business underwritten in the Pacific by Company’s subsidiaries and branch operations. It offers various types of insurance, such as Car Insurance, House Insurance, Contents Insurance, Contract Works-Renovation cover, Landlord Insurance, Boat Insurance, Business Insurance, Travel Insurance, Pet Insurance, Renters’ Insurance, House and Contents bundle, Electric Vehicle Insurance, Motorbike & Motorcycle Insurance, Lifestyle Block and Farm, Caravan or Trailer Insurance, Motorhome, Campervan & RV Insurance, and Multi-Policy Discount. Its subsidiaries include Tower Insurance (Cook Islands) Limited and Tower Insurance (Fiji) Limited.

  • Revenue in NZD (TTM)402.74m
  • Net income in NZD2.35m
  • Incorporated1908
  • Employees850.00
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Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Asuransi Multi Artha Guna Tbk PT98.60m15.47m177.65m763.0011.440.988610.421.8029.7229.72189.42343.910.192----1,236,996,000.003.012.76--------15.6915.48--9.090.00138.6713.355.47-12.7839.2839.01--
SBI Insurance Group Co Ltd1.10bn17.06m269.30m937.0015.780.62326.810.243863.8663.864,133.851,617.580.5277----108,575,700.000.81830.4467--------1.551.02--2,521.000.006.087.058.8339.1711.366.98--
Muang Thai Insurance PCL573.48m29.94m295.08m1.34k9.861.068.840.514611.1111.11212.80103.100.3989----9,376,907.002.082.37--------5.226.14--294.590.022243.1711.716.77-19.109.5429.1112.14
Tower Ltd402.74m2.35m311.18m850.00132.261.0412.060.77260.0062-0.00321.060.79130.4602----473,816.500.26871.71--------0.5843.89--9.080.09870.4315.587.41-86.51--3.59--
Asuransi Bina Dana Arta Tbk PT86.91m8.84m324.27m371.0036.702.0032.663.73136.24136.241,340.022,494.830.3239----2,242,296,000.003.294.36--------10.1712.81----0.00--9.52-7.60-7.204.12-15.68--
First Insurance Co Ltd384.70m33.13m331.72m856.0010.020.78379.360.86232.112.1124.5126.990.4004----8,629,536.003.452.96--------8.617.58--6,667.850.000553.027.863.8813.855.318.9418.19
Union Insurance Co Ltd530.16m62.51m374.40m975.005.991.185.650.70625.375.3745.5127.280.5326------6.282.17--------11.794.52--183.300.002929.7819.725.72190.7814.66-19.01--
Asuransi Tugu Pratama Indonesia Tbk PT375.20m138.15m440.16m357.002.420.43972.941.17488.98488.981,258.712,695.000.1538----10,060,180,000.005.572.71--------36.2618.87--54.850.0327--16.087.02280.9332.2946.17--
United Overseas Insurance Limited96.34m36.40m457.23m115.008.870.830711.964.750.67720.67721.697.240.1337----673,417.405.054.49--------37.7942.37----0.0000637.981.2113.6254.554.1968.990.00
Data as of May 01 2024. Currency figures normalised to Tower Ltd's reporting currency: New Zealand Dollar NZD

Institutional shareholders

51.45%Per cent of shares held by top holders
HolderShares% Held
Bain Capital Credit LPas of 30 Sep 202375.90m20.00%
Accident Compensation Corp.as of 30 Sep 202336.24m9.55%
Salt Funds Management Ltd.as of 30 Sep 202330.48m8.03%
New Zealand Funds Management Ltd.as of 30 Sep 202326.62m7.01%
Clarity Funds Management Ltd.as of 24 Jul 202310.32m2.72%
Devon Funds Management Ltd.as of 24 Jul 20236.14m1.62%
Dimensional Fund Advisors LPas of 04 Apr 20244.63m1.22%
Guardians of New Zealand Superannuationas of 30 Jun 20233.10m0.82%
Norges Bank Investment Managementas of 31 Dec 20231.39m0.37%
Dimensional Fund Advisors Ltd.as of 04 Apr 2024423.71k0.11%
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Data from 30 Jun 2023 - 25 Apr 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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