Tower Limited

Tower Limited is an insurer licensed under the Insurance (Prudential Supervision) Act 2010 and is, therefore, required to maintain capital levels specified by the Reserve Bank of New Zealand.

Tower Limited reported a regulatory Adjusted Solvency Margin on 30 September 2024 in its latest Insurer Return to the Reserve Bank, as outlined in the table below:

Tower Limited Parent (Solo)
Tower Limited Group (Consolidated)
Solvency Capital $323.8m $339.1m
Adjusted Prescribed Capital Requirement $152.5m $148.5m
Adjusted Solvency Margin $171.4m $190.6m
Adjusted Solvency Ratio 212% 228%