Tower (ASX:TWR) Net Investment Income : A$-5.0 Mil (As of Mar. 2024)

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What is Tower Net Investment Income?

Net investment income is the income earned by insurance companies through investments.Tower's net investment income for the six months ended in Mar. 2024 was A$0.9 Mil. Its net investment income for the trailing twelve months (TTM) ended in Mar. 2024 was A$-5.0 Mil.

Tower's quarterly net investment income declined from Mar. 2023 (A$6.5 Mil) to Sep. 2023 (A$-6.0 Mil) but then increased from Sep. 2023 (A$-6.0 Mil) to Mar. 2024 (A$0.9 Mil).

Tower's annual net investment income declined from Sep. 2021 (A$-2.3 Mil) to Sep. 2022 (A$-2.9 Mil) but then increased from Sep. 2022 (A$-2.9 Mil) to Sep. 2023 (A$0.5 Mil).

Tower Net Investment Income Historical Data

The historical data trend for Tower's Net Investment Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tower Net Investment Income Chart

Tower Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Net Investment Income

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-0.62

-0.22

-2.33

-2.94

0.54

Tower Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Net Investment Income	Get a 7-Day Free Trial															-1.68	-1.34	6.55	-5.96	0.92

Tower Net Investment Income Calculation

Income earned by insurance companies through investments. Insurance companies usually invest the float they received in stocks or bonds to generate additional income before the premium is paid to cover insurance losses.

Net Investment Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-5.0 Mil.

Tower (ASX:TWR) Business Description

Industry

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TWR:New Zealand

Address

136 Fanshawe Street, Level 5, PO Box 90347, Auckland, NTL, NZL, 1142

Website

https://www.tower.co.nz

Tower Ltd is a general insurance company. The company provides insurance services namely car, house, contents, travel, business, boat insurance among others. The company has two geographical segments, New Zealand General Insurance, and Pacific Islands General Insurance. The company derives majority of its revenue from New Zealand segment.

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