Tower Limited (TWR)

NZX-listed Financials company — share price, dividends, financials, board of directors and governance score.

Tower Limited (NZX:TWR) last traded at $1.99 on 25 Sept 2026, a market capitalisation of $677M NZD, a board of 7 directors chaired by Naomi Ballantyne and a Governance Risk Score of 83/100.

Tower Limited is a New Zealand-based financial services and insurance group. The company operates through multiple subsidiaries providing general insurance (home, contents, motor, business), life insurance, and other financial services products primarily across New Zealand and the Pacific region. Tower generates revenue through insurance premiums and investment returns on its portfolio.

Share price
$1.99+0.00%
Market cap
$677MNZD
P/E ratio
7.5
Dividend yield
8.29%
Return on equity
23.9%
Governance score
83/100Excellent
Board size
757% independent
Last dividend
14.50cFY2025

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Tower Limited board of directors

7 current directors, 57% independent, average tenure 4.2 years.

DirectorRoleIndependentAppointedTenureCommittees
Paul JohnstonExecutive DirectorNo20251.3 yrs—
Naomi BallantyneChairYes20251.4 yrs—
Mike CutterIndependent DirectorYes20232.9 yrs—
Angus SheltonIndependent DirectorNo———
Graham Robert StuartIndependent DirectorYes201214.3 yrs—
Geraldine McBrideIndependent DirectorNo20224.0 yrs—
Marcus NagelIndependent DirectorYes20251.4 yrs—

TWR governance score breakdown

Tower Limited scores 83/100 (Good) on the NZXplorer Governance Risk Score for FY2026, based on 63% data coverage. See the GRS methodology.

Board structure
21/25
Shareholder rights
18/20
Executive remuneration
0/0

TWR dividends

The most recent Tower Limited dividend on record is 14.50 cents per share, for FY2025 (annual).

Tower Limited largest shareholders

Top 10 registered holders of TWR as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.

#HolderHolding
1HSBC Nominees (New Zealand) Limited – NZCSD <Hkbn90>0.10%
2Accident Compensation Corporation – NZCSD <Acci40>0.08%
3Pacific International Insurance Pty Limited0.06%
4Forsyth Barr Custodians Limited <1-Custody>0.06%
5Citibank Nominees (New Zealand) Limited – NZCSD <Cnom90>0.05%
6BNP Paribas Nominees (Nz) Limited – NZCSD <Bpss40>0.05%
7Custodial Services Limited <A/C 4>0.04%
8Masfen Securities Limited0.04%
9Lennon Holdings Limited0.03%
10HSBC Nominees A/C NZ Superannuation Fund Nominees Limited – NZCSD <Supr40>0.03%

Recent TWR NZX announcements

The 10 most recent filings by Tower Limited to the NZX.

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