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 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

Thematic (Sector/Industry)

<ul><li>The National Institute of Water and Atmospheric Research (NIWA) released its outlook for October to December 2023 on 29 September 2023.</li><li>As part of its outlook, NIWA declared that El Niño—characterised by 'stronger or more frequent winds from the west in the summer'—had officially arrived.</li><li>El Niño generally brings warmer temperatures and stronger winds across the country, with below–average rainfall in the north and east of the North Island and above–average rainfall in the west of the South Island. </li></ul>

The National Institute of Water and Atmospheric Research (NIWA) released its outlook for October to December 2023 on 29 September 2023.As part of its outlook, NIWA declared that El Niño—characterised by 'stronger or more frequent winds from the west in the summer'—had officially arrived.El Niño generally brings warmer temperatures and stronger winds across the country, with below–average rainfall in the north and east of the North Island and above–average rainfall in the west of the South Island. 

Forsyth Barr General Insurance Digest - Edition 5—El Niño An Insurers Amigo?

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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