New Zealand-Based Insurer Tower Has Firm Base for FY 2026 -- Market Talk

Dow Jones09-16

0038 GMT - New Zealand-based general insurer Tower's latest update suggests volume-led growth and risk-selection discipline are key to navigating softer pricing at this point in the cycle, Forsyth Barr says. It retains an outperform call on Tower's stock, which is up some 40% in value over the past 12 months. "A solid FY 2025, modest reinsurance cost tailwinds and conservative provisioning should provide a firm base for FY 2026," analyst James Lindsay says. It expects insurance pricing to trough around 3Q of FY 2026. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

September 15, 2025 20:38 ET (00:38 GMT)

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It retains an outperform call on Tower's stock, which is up some 40% in value over the past 12 months. \"A solid FY 2025, modest reinsurance cost tailwinds and conservative provisioning should provide a firm base for FY 2026,\" analyst James Lindsay says. It expects insurance pricing to trough around 3Q of FY 2026. 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It retains an outperform call on Tower's stock, which is up some 40% in value over the past 12 months. \"A solid FY 2025, modest reinsurance cost tailwinds and conservative provisioning should provide a firm base for FY 2026,\" analyst James Lindsay says. It expects insurance pricing to trough around 3Q of FY 2026. 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