Tower posts solid net profit in FY24 as GWP climbs to $595m

Share!

Reinsurance News - Nov 29, 2024

Kiwi insurer Tower Limited has posted an underlying net profit after tax (underlying NPAT) of $83.5 million and a reported profit of $74.3 million for the financial year ended September 30, 2024. This increase was a significant turnaround from the $1 million loss recorded in FY23, which was primaril...

Read Full Article

Recommended Articles

Waymo shows 90% fewer claims than advanced human-driven vehicles: Swiss Re

Posted: Dec 24, 2024

According to a recent Swiss Re study, the Waymo Driver is safer than both the general driving popula...

Industry veteran Brian Simpson appointed Equisoft’s VP, Insurance Solutions

Posted: Dec 24, 2024

Equisoft, a global provider of digital business solutions for the insurance and wealth industries, h...

Insurers still benefit from higher yields, but impact is fading: RBC Capital Markets

Posted: Dec 24, 2024

The insurance industry is still reaping the rewards of higher investment yields, although the effect...