Financial Strength Rating & Solvency Ratio

Solvency Ratio


In its Half-Yearly Solvency Return filed with the Reserve Bank of New Zealand and APRA (Australia), Pacific International Insurance Limited had a Solvency Margin as at 31 December 2021 as follows:


  • Actual Solvency Capital: AUD 30,227,000
  • Minimum Solvency Capital: AUD 9,723,000
  • Solvency Margin: AUD 20,504,000
  • Solvency Ratio: 310.88%


 Pacific International Insurance uses Tier 1 Capital.  


Pacific International Insurance utilises a panel of reinsurance companies that have credit rating positions in the A range or higher (as rated by both A.M. Best and Standard & Poor’s).



Financial Strength Rating


Pacific International Insurance has a Financial Strength Rating of B++ (Good) from the USA rating agency A.M. Best. The rating is reviewed by A.M. Best on an annual basis, with the rating scale outlined below.

Rating Scale – FSR 


A++ and A+ Superior
A and A- Excellent
B++ and B+ Good


B and B- Fair
C++ and C+ Marginal
C and C- Weak
D Poor
E Under Regulatory Supervision
F In Liquidation
S Suspended