TWR - Tower Insurance.

[JeremyALD]

Insurance companies keep a lot of money floating in high grade bonds. It isn't anything special to TWR.

TWR's balance sheet is good right now but for different reasons. The low OCR will mean investment income will decrease but it's not a significant portion of total revenue. But at the moment any extrapolation of TWR's balance sheet is entirely dependent on how they've been impacted during this period. We can hope claim expenses were done and so forth but it's all assumptions. Long-term I do see good potential in TWR, but as with any insurance company this relies on no catastrophic events.

Thanks both, really appreciated