Tower Group International, Ltd.
Financials · Fire, Marine & Casualty Insurance · D0 · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY13 | FY12 | FY11 | FY10 | FY09 | FY08 | |
|---|---|---|---|---|---|---|
| Revenue | $476.5M | $466.2M | $1.78B | $1.46B | $983.1M | $484.4M |
| Operating income | — | — | — | — | — | — |
| Net income | $12.9M | $19.2M | $44.4M | $106.4M | $96.8M | $57.5M |
| Total assets | $23.9M | $4.71B | $4.45B | $4.18B | $3.31B | — |
| Total liabilities | $23.9M | $3.73B | $3.39B | $3.11B | $2.26B | — |
| Equity | $95.6M | $950.1M | $1.03B | $1.05B | $1.02B | $319.2M |
| EPS (diluted) | $0.28 | $0.43 | $0.96 | $2.44 | $2.45 | $2.45 |
| Shares out. | 38.4M | 39.2M | 41.5M | 41.5M | 45.0M | 23.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2013- Operating margin
- —
- Net margin
- 2.7%
- Return on equity
- 13.5%
- Return on assets
- 54.0%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 100.0%
- Debt / equity
- 0.25×
- Book value / share
- $2.49
- Revenue growth (YoY)
- 2.2%
- Net income growth (YoY)
- −32.6%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2013- Accruals / assets
- 1518.7%high accruals
- Piotroski F-Score
- 4/7mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 3 warning● 1 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- High accruals — earnings-quality risk
- Revenue is growing year-over-year
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 11, 2014
- NT 10-Qmissed a reporting deadline ↗May 13, 2014
- NT 10-Kmissed a reporting deadline ↗Mar 3, 2014
- NT 10-Qmissed a reporting deadline ↗Nov 13, 2013
- NT 10-Qmissed a reporting deadline ↗Aug 12, 2013
- NT 10-Kmissed a reporting deadline ↗Mar 4, 2013
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Other material eventSep 15, 2014
- Other material eventAug 29, 2014
- Delisting / listing-standard noticeAug 19, 2014
- Shareholder voteAug 6, 2014
- Other material eventJul 28, 2014
- Other material eventJul 9, 2014
- Other material eventJun 27, 2014
- Other material eventMay 22, 2014
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SC 13G/ASCHEDULE 13G/AFeb 5, 2015
- 15-12GFORM 15-12GOct 3, 2014
- EFFECTSep 29, 2014
- POS AMSep 25, 2014
- S-8 POSSep 24, 2014
- S-8 POSSep 24, 2014
- S-8 POSSep 24, 2014
- S-8 POSSep 24, 2014
- S-8 POSSep 24, 2014
- 4FORM 4 SUBMISSIONSep 15, 2014
- 4FORM 4 SUBMISSIONSep 15, 2014
- 4FORM 4 SUBMISSIONSep 15, 2014
- 4FORM 4 SUBMISSIONSep 15, 2014
- 4FORM 4 SUBMISSIONSep 15, 2014
- 4FORM 4 SUBMISSIONSep 15, 2014
Event-driven situations (1)
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