Financial Information

SIX MONTHS ENDED 31 MARCH 2008

TOWER Australia is number 4 in the Australian life insurance market with an overall market share of 11% of in-force premium at 31 March 2008. We have a 10% market share in the retail life insurance sector and a 13% market share in the group life insurance sector.

The 19% increase in underlying profit in TOWER Australia’s financial results for the six months ended 31 March 2008 underscores the fundamental strength of our core business. The highlights of the result were as follows:

Reported Net Profit After Tax      $30.9m      ↑ 81%
Underlying Profit      $33.9m      ↑ 19%
Underlying Profit per Share      10c      ↑ 19%
Underlying Return on Equity      12.7%      ↑ 12%
In-force Premium      $694m      ↑ 12%

The following chart shows the improving trend in TOWER Australia’s underlying profit and return on equity over the past five half-year periods:

TOWER Australia’s full results and market presentation can be accessed on the Shareholder Centre section of the website: www.toweraustralia.com.au

 

 

 

 

 

 

 

 

 

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