Tower Ltd (ASX:TWR)

Half Year 2026 Tower Ltd Earnings Call Transcript

May 20, 2026 / 10:00 PM GMT

Release Date Price: A$1.69 (-3.98%)

Transcript

Key Points

Positve

Tower Ltd (ASX:TWR) reported a solid underlying net profit after-tax of $36.8 million, demonstrating resilience in a challenging environment.
The company declared an interim dividend of $0.05 per share, reflecting a commitment to consistent shareholder returns.
Tower Ltd is investing in technology, innovation, and AI to improve efficiency and customer experience, positioning the company for sustainable growth.
The company has seen strong customer and policy growth, particularly in lower risk segments, which has improved the overall quality of its portfolio.
Tower Ltd's partnerships with Trade Me, Kiwibank, and Westpac are expected to drive future revenue growth and broaden distribution channels.

Negative

Tower Ltd faced higher weather-related claims and pricing pressure, impacting reported profit.
The company is dealing with a substantial remediation issue linked to a legacy pricing system, which is complex, time-consuming, and costly.
The BAU claims ratio increased to 44% from 38% in the prior period, driven by increased storm activity.
Investment income decreased by $3.5 million due to lower yields and market volatility.
Tower Ltd's guidance for GWP growth has been downgraded to low single-digits due to lower average premiums and subdued market conditions.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TWR.NZ - Tower Ltd
Half Year 2026 Tower Ltd Earnings Call
May 20, 2026 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to Tower Limited Half Year Results Announcement 2026.

At this time, all participants are in a listen-only mode.

After the speaker's presentation, there will be a question-and-answer session.

To ask a question during the session, you need to press *11 on your telephone.

You will then hear an automated message advising your hand is raised.

To withdraw your question, please press *11 again.

Please be advised if today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Naovi Beltine of Tower. Please go ahead.

---------------------------------------------------------------------

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