I’m expecting that on 23 November Tower will announce a NPAT of $26m including large events (or $40m excluding large events) and a final dividend of 3.0 cps unimputed.
As extraordinarily items there will be an increase in Canterbury earthquake provisioning due to inflationary pressures and new claims and I’m also predicting $3m after tax in one off customer remediation costs to the incorrect calculation of multi policy discounts.
GWP will be up 13% to $457m and customer numbers will be up 4% to 317,000.
See
http://nzx-prod-s7fsd7f98s.s3-websit...631/381273.pdf