Solvency Margin and Financial Strength Rating

As at 31 December 2021, our solvency as filed with the Reserve Bank of New Zealand is as follows:

• minimum solvency capital: $41.0 million;
• actual solvency capital: $94.6 million;
• solvency margin: $53.6 million; and
• solvency result: 231%.

By comparison, our solvency results filed with the Reserve Bank of New Zealand as at 31 December 2020 were as follows:

• minimum solvency capital: $38.3 million;
• actual solvency capital: $132.5 million;
• solvency margin: $94.2 million; and
• solvency result: 346%.