SEVERE WEATHER EVENTS MARK CHALLENGING YEAR FOR TOWER

© RNZ / Dan Cook A rising number of expensive house claims and severe weather events have resulted in a "difficult" financial year for the insurance company Tower.Key numbers for the six months ended September vs year ago:Net profit: $19.3 vs $11.2m (includes large one-off settlement with EQC)Revenue: $428.2m vs $410.8Underlying profit: $20.8m vs $28.4mFinal dividend: 5cps vs ni...

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