Solvency Margin and Financial Strength Rating

As at 30 June 2023, our solvency as filed with the Reserve Bank of New Zealand is as follows:

• prescribed capital requirement: $51.5 million;
• solvency capital: $142.7 million;
• solvency margin: $91.2 million; and
• solvency result: 277%.

By comparison, our solvency results filed with the Reserve Bank of New Zealand as at 30 June 2022 were as follows:

• minimum solvency capital: $41.0 million;
• actual solvency capital: $110.6 million;
• solvency margin: $69.6 million; and
• solvency result: 269%.