TWR - Tower Insurance.

[percy]

I would be careful telling your grandmother how to suck eggs.
I would listen to Macduffy long before I would listen to you.
In fact Macduffy, is one of a very select few who I take notice of.
Macduffy has seen it all before.

[Cadalac123]

I would be careful telling your grandmother how to suck eggs.
I would listen to Macduffy long before I would listen to you.
In fact Macduffy, is one of a very select few who I take notice of.
Macduffy has seen it all before.

Why would I care if you'd listen to him before me? I don't even know who you are.

[winner69]

I would be careful telling your grandmother how to suck eggs.
I would listen to Macduffy long before I would listen to you.
In fact Macduffy, is one of a very select few who I take notice of.
Macduffy has seen it all before.

Yep macduffy a good guy and seen it all ...maybe even a bit more than me (and you of course)

[winner69]

I did note Tower said in last update that investment income is going to be below forecast because of the cut in the OCR

Full year npat guidance remained at $27m to $30m ....that’s good ...but hope it doesn’t end up at $27m because that is less than F19, especially seeing there’s been strong growth

[Independent Observer AUNZ]

I did note Tower said in last update that investment income is going to be below forecast because of the cut in the OCR

Full year npat guidance remained at $27m to $30m ....that’s good ...but hope it doesn’t end up at $27m because that is less than F19, especially seeing there’s been strong growth

Yes investment return is still under pressure due to OCR trend... which have only temporarily abated, really. But its not hugely material for Tower - their profitability is more tightly woven to underwriting performance and the potential of repeated small to medium "catastrophe" events.

[Cadalac123]

Yeah you guys are right TWR isn't good so don't buy it
great

[winner69]

Yeah you guys are right TWR isn't good so don't buy it
great

Maybe a good idea not to buy ,,,they said benign weather has helped the first four months of year ..maybe the calm before a few decent storms to hit NZ

[Scrunch]

Maybe a good idea not to buy ,,,they said benign weather has helped the first four months of year ..maybe the calm before a few decent storms to hit NZ

Thankfully economic storm's tend not to damage buildings that badly and therefore don't result in insurance claim's.

[Cadalac123]

What do people make of the recent report? Tempted to top up at this level

[dubya]

Can someone please tell me the reasons why Tower haven't paid a dividend in the last few years? They seem to have been doing OK....