Tower (ASX:TWR, NZE:TWR) said it expects its reinsurance premium expense for fiscal 2026 to be about 11% of gross written premium, down from a little over 13% last year, according to a Wednesday filing with the New Zealand bourse.
The result will be offset by lower reinsurance recoveries on property risks, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments