TWR - Tower Insurance.

[Scrunch]

These arguments could come to NZ

Hope Tower don’t have too many such policies

https://www.smh.com.au/business/bank...05-p55000.html

You would have to guess they don't have much from slide 49 of the recent 2020 HY report. This had NZ revenue being pretty much all householder products: $65.3m (House), $27.5m (Contents), $56.3m (Motor) and $4.5m (Other). If the combination of Business Asset, Commercial Vehicle, Business interruption and Business liability insurance is all bundled into the 3% of NZ revenues in other, the exposure to business interruption claims would appear to be small. This doesn't remove the risk of mis-priced the risk with only a little bit of revenue and a huge claim.

[dreamcatcher]

HOLD..... just cannot get excited about this stock

[Jim]

HOLD..... just cannot get excited about this stock

If you want to erode you capital and no dividend just buy into this company that forever begging for more money from shareholders

[Independent Observer AUNZ]

You would have to guess they don't have much from slide 49 of the recent 2020 HY report. This had NZ revenue being pretty much all householder products: $65.3m (House), $27.5m (Contents), $56.3m (Motor) and $4.5m (Other). If the combination of Business Asset, Commercial Vehicle, Business interruption and Business liability insurance is all bundled into the 3% of NZ revenues in other, the exposure to business interruption claims would appear to be small. This doesn't remove the risk of mis-priced the risk with only a little bit of revenue and a huge claim.

Correct. Very little exposure to commercial in their book. What they do have is heavily reinsured from what I can tell. Pacific Islands is a bit of a different story as most of their book is on the commercial end of the spectrum... again heavily reinsured all the same.

[Independent Observer AUNZ]

If you want to erode you capital and no dividend just buy into this company that forever begging for more money from shareholders

To be fair, if you took the Canterbury Earthquake situation away this would have been a massive success story. In recent years they are bouncing forward really well and are on a strong trajectory - their digital stuff looks like it is the best in the market right now.

[winner69]

Hope Auckland tornadoes aren’t as expensive as Timaru hailstones

[winner69]

Hope Tower don’t have too many claims out of Northland.

[trader_jackson]

Hope Tower don’t have too many claims out of Northland.

No worries winner - with the share price virtually at an all time low, one would think a much bigger impact is being priced in than "only" Auckland tornadoes + Northland floods etc

[Paradox]

No worries winner - with the share price virtually at an all time low, one would think a much bigger impact is being priced in than "only" Auckland tornadoes + Northland floods etc

Also...$7.5m refund
.
https://www.tower.co.nz/about-us/new...k-to-customers

[winner69]

No worries winner - with the share price virtually at an all time low, one would think a much bigger impact is being priced in than "only" Auckland tornadoes + Northland floods etc

Just think that world sees insurance companies as not good investments ....can’t really blame them

Climate makes them risky as and they can’t even make a buck out of ‘investing’ the premiums (float)