Tower Limited operates in the Life insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Tower Limited with three other
insurance companies in Australasia:
Cbl Corporation Ltd
sales of 333.46 million New Zealand Dollars [US$234.83 million]
of which 68%
was CBL Insurance),
AUB Group Ltd
(210.61 million Australian Dollars [US$161.76 million]
of which 82%
was Insurance Intermediary), and
Cover More Group Ltd
based in Australia
(220.30 million Australian Dollars [US$169.20 million]
of which 70%
was Travel Insurance).
Tower Limited reported sales of 266.25 million New Zealand Dollars (US$187.50 million)
September of 2016.
a very small
increase of 0.2%
versus 2015, when the company's sales were 265.68 million New Zealand Dollars.
This was the third consecutive year of growth at Tower Limited.
Sales of General Insurance/nz saw an increase
that was more than double the company's growth rate: sales were up
1.0% in 2016, from
216.81 million New Zealand Dollars to 218.99 million New Zealand Dollars.
Not all segments of Tower Limited experienced an increase in sales in 2016:
sales of Holdings and Eliminations fell 23.7% to 1.49 million New Zealand Dollars.
(However, this segment's sales were only a very small portion of the company's overall sales).
Tower Limited also experienced decreases in sales in
General Insurance/pacific (down 2.5% to 45.77 million New Zealand Dollars)