AM Best affirms Tower Limited's A- (Excellent) FSR

28 April 2025 AM Best affirms Tower Limited’s A- (Excellent) Financial Strength Rating Global credit rating agency AM Best has affirmed Tower Limited’s Financial Strength Rating as A- (Excellent) and its Long-Term Issuer Credit Rating as a- (Excellent) – both with a stable outlook – following its annual review. AM Best highlighted that the ratings reflect Tower’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. Tower Chair, Michael Stiassny noted the AM Best rating affirmation acknowledged Tower’s financial stability, performance and risk management. He added, “Tower’s strategy is now well embedded positioning us to deliver long-term shareholder returns.” For further details of Tower’s AM Best rating, visit: AM Best Affirms Credit Ratings of Tower Limited [news.ambest.com]. ENDS This announcement has been authorised by Michael Stiassny, Chair, Tower Limited. For media enquiries, please contact: Emily Davies Head of Corporate Affairs and Sustainability +64 21 815 149 Emily.davies@tower.co.nz For investor enquiries, please contact: James Silcock Head of Strategy, Planning and Investor Relations +61 22 395 9327 James.silcock@tower.co.nz