New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

Equity Bottom-Up

<ul><li>Tower (TWR) has announced a white-label distribution partnership with Westpac NZ (WBC) to underwrite house, contents, motor, and landlord policies from 1 July 2026.</li><li>Management indicates the partnership contributes to its FY27 GWP growth ambition of +10% to +15%.</li><li>Our blended target price lifts +4% to NZ$2.10, on a reduced discount to peers as quality grows.</li></ul>

Tower (TWR) has announced a white-label distribution partnership with Westpac NZ (WBC) to underwrite house, contents, motor, and landlord policies from 1 July 2026.Management indicates the partnership contributes to its FY27 GWP growth ambition of +10% to +15%.Our blended target price lifts +4% to NZ$2.10, on a reduced discount to peers as quality grows.

Tower Limited Westpac Partnership Supports FY27 Growth

<ul>
<li>Tower (TWR) has revised its FY23 guidance and now expects underlying profit after tax to be between NZ$7m and NZ$10m, up +NZ$8m at the midpoint.</li>
<li>The upgraded guidance reflects lower-than-expected costs relating to large events for the period. </li>
<li>TWR's previous guidance, issued in July 2023, assumed full utilisation of a NZ$50m large events allowance. </li>
</ul>


Tower (TWR) has revised its FY23 guidance and now expects underlying profit after tax to be between NZ$7m and NZ$10m, up +NZ$8m at the midpoint.
The upgraded guidance reflects lower-than-expected costs relating to large events for the period. 
TWR's previous guidance, issued in July 2023, assumed full utilisation of a NZ$50m large events allowance. 


Tower Limited - FY23 Updated for Final Large Event Costs

New Zealand

TOWER Limited provides risk insurance and wealth management products and services. The Company operates in general insurance, health & life insurance, and investments and funds management.

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Tower Ltd (TWR NZ)

Tower Limited Westpac Partnership Supports FY27 Growth

Tower (TWR) has announced a white-label distribution partnership with Westpac NZ (WBC) to underwrite house, contents, motor, and landlord policies...

Forsyth Barr

Tower Limited - FY23 Updated for Final Large Event Costs

Tower (TWR) has revised its FY23 guidance and now expects underlying profit after tax to be between NZ$7m and NZ$10m, up +NZ$8m at the midpoint.

Forsyth Barr

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52-week Range

Market Cap (USDm)

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