Tower reports $36.8m underlying profit in tougher first half

Tower Limited has reported an underlying net profit after tax of $36.8 million for the six months ending March 31, as rising motor and weather-related claims offset customer and policy growth. The dual-listed New Zealand insurer’s reported profit was $22.9m, while gross written premium (GWP) increased 1% to $301m and customer numbers rose 5% year-on-year […]
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