Tower Financial Strength Rating Affirmed as A- (Excellent)

1

12 March 2018


Market Information Company Announcements Office
NZX Limited ASX Limited
Level 1, NZX Centre Exchange Centre
11 Cable Street Level 6, 20 Bridge Street
Wellington Sydney NSW 2000
New Zealand Australia


TOWER RATING AFFIRMED AS A- (EXCELLENT)

Global insurance company ratings specialist A.M. Best Company has affirmed Tower Insurance
Limited (TIL) and Tower Limited’s (TL) financial strength rating as A- (Excellent), reflecting Tower’s
very strong balance sheet and solid business performance.
The company’s issuer credit rating was also affirmed as a-.
In its announcement, A.M. Best Company noted that TIL’s balance sheet is very strong and that
the positive operating profits generated by the business over a five-year period show that
Tower’s strong focus on delivering profitable growth will help it maintain positive underwriting
and operating results over time.
Tower Chairman Michael Stiassny welcomed the affirmation from A.M. Best.
“A.M. Best’s announcement confirms the Board and management’s view that Tower’s underlying
business is strong and that significant potential exists in its transformation.”
A copy of the A.M. Best Company’s news release is attached.


ENDS

TOWER
Michael Stiassny
Chairman
Tower Limited
ARBN 088 481 234 Incorporated in New Zealand

To arrange media interviews, please contact in the first instance:
Nicholas Meseldzija
Tower Limited
Head of Corporate Communications
Mobile: +64 21 531 869
Email: nicholas.meseldzija@tower.co.nz