TWR - Tower Insurance.

**Getty** · 22-09-2021, 05:31 PM

Originally Posted by winner69

Big disaster would be Mt Eden blowing it’s top

And Mt Taranaki is overdue for a spew.

**nztx** · 22-09-2021, 05:55 PM

Originally Posted by winner69

Big disaster would be Mt Eden blowing it’s top

Wouldn't wish that on them given the inherent difficulties seen in getting across
new social rules to some of the thicker examples on the current Mt Covid explosion

I'd hazard a guess that Melbournites would be able handle today's large 6.0 quake there
on top of Covid better than some up north here, even with a bit of Socialist meddling
& tampering thrown in.. probably to help a few with reading lessons for the rules ..

**nztx** · 22-09-2021, 05:58 PM

Originally Posted by Getty

And Mt Taranaki is overdue for a spew.

and the monster hiding at the bottom of the large water filled pit plonk in
the NI centre may be heading for overdue to expel a further cloud of pumice
to clear his throat too ..

No amount of further donations to the guardians & feel good noises is likely to stop dat

**Arbroath** · 22-09-2021, 06:03 PM

Originally Posted by sb9

Back to low 60c or even 50c range by the looks.

If they reach the 50s I’ll happily put 25% off portfolio in TWR.

Have to admit I find it funny that so many on this site are so immature when it comes to investing.

Events happen people. That doesn’t make it a bad company or bad management. If you don’t understand d insurance then sell out and buy something else.

**sb9** · 22-09-2021, 06:10 PM

Originally Posted by Arbroath

If they reach the 50s I’ll happily put 25% off portfolio in TWR.

Have to admit I find it funny that so many on this site are so immature when it comes to investing.

Events happen people. That doesn’t make it a bad company or bad management. If you don’t understand d insurance then sell out and buy something else.

Yep, that’s the whole point of it. Nothing to do with bad management or being a bad company, not suggesting that. Just unfortunate event of things and bad luck that goes with it.

**Dassets** · 22-09-2021, 07:32 PM

Maybe Tower renamed to Small to Medium Ant-Hill rather than midget?

**ronaldson** · 22-09-2021, 09:15 PM

97 large house claims for FY21 is obviously higher than expectation, but the major flooding incidents in the Napier, Canterbury and most recently West Auckland will have been major contributors as well as the Ohau Fires. Four total loss fires in the last week could be a reflection of current circumstances? At least MV losses should have been mitigated by the lockdowns so long as past unnecessary generosity is not repeated - insurance has its swings and roundabouts after all!

But what exactly does the announcement mean? The ordinary dividend policy is " 60 - 80% of cash earnings where prudent " and the 2.5c interim dividend cost $10.5m. Underlying net profit is now guided at $19m to $21m so the indicative FY dividend guidance of 5 - 5.5c might now be regarded as unsustainable. I guess a lot will depend on how it is with the historic earthquake claims still carried on the books, and perhaps the prospects for the regulator to release the remaining $25m excess solvency margin still imposed on Tower.

I share the sentiment that it will be good to roll over into the next financial year on 1 October and put this one into the rear view mirror. At least Melbourne seems to have dodged a bullet today!