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Tower Insurance posts record $107.2M profit in 2025, driven by growth, favorable weather, and better risk management.
Tower Insurance reports a record underlying profit of $107.2 million for the year ending September 2025, up from $83.5 million the prior year, driven by customer growth, lower claims from favorable weather, and improved risk management.
The company added 5,000 customers, reaching 318,000, and saw a 41.3% claims ratio.
Despite $7 million in losses from the Dunedin floods and Cyclone Tam, and $4.5 million in expected storm costs for the next year, Tower forecasts FY26 underlying profit between $55 million and $65 million.
The insurer attributes its success to digital transformation, disciplined underwriting, and risk-based pricing, while maintaining competitive rates amid industry scrutiny.
Tower Insurance registra un beneficio de 107,2 millones de dólares en 2025, impulsado por el crecimiento, el clima favorable y una mejor gestión de riesgos.