Tower downgrades profit for third time since May
Large house claims, and particularly fires, well above long-term averages.
NZX-listed insurer Tower has once again downgraded its profit guidance as large house claims track at more than double last year’s.
Tower said today it had downgraded its guidance for net profit after tax in the year to September 30 to between $19 million and $21m.
That was down from of a
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