Tower Ltd. 2024 AR2
The report highlights Tower Limited's strong financial and operational performance in the fiscal year 2024, achieving an underlying profit of $83.5 million and a reported profit after tax of $74.3 million. The company expanded its risk-based pricing model by introducing automated underwriting rules for landslide risks in New Zealand and continued to grow its digital sales. On the sustainability front, Tower released its first Climate Statement, achieving a 20% reduction in Scope 1 and 2 greenhouse gas emissions compared to its FY20 baseline. Additionally, the company fostered community engagement with 2,300 volunteer hours and launched the Tower Vunilagi Scholarship in Fiji.
Company: Tower Ltd.
Sector: Finance & insurance
Country: New Zealand
Year: 2024
Type: AR2
Pages: 124
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Tower Ltd.
Annual Report
The report highlights Tower Limited's strong financial and operational performance in the fiscal year 2024, achieving an underlying profit of $83.5 million and a reported profit after tax of $74.3 million. The company expanded its risk-based pricing model by introducing automated underwriting rules for landslide risks in New Zealand and continued to grow its digital sales. On the sustainability front, Tower released its first Climate Statement, achieving a 20% reduction in Scope 1 and 2 greenhouse gas emissions compared to its FY20 baseline. Additionally, the company fostered community engagement with 2,300 volunteer hours and launched the Tower Vunilagi Scholarship in Fiji.
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Document Details
Report Year
2024
Reporting Period
Oct 1, 2023 - Sep 30, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees