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How Did Tower Boost FY25 Profit Guidance Despite Slower Premium Growth?
7:39am on Friday 12th of September, 2025 AEST
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Financial Services
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How Did Tower Boost FY25 Profit Guidance Despite Slower Premium Growth?
7:39am on Friday 12th of September, 2025 AEST
Key Points
Underlying NPAT guidance increased to $100m-$110m from $70m-$80m
Large event costs much lower than anticipated, boosting profitability
Customer base grows 5%, with 4% policy growth in New Zealand house insurance
Gross written premium growth forecast trimmed to 2%-3%
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