As at 30 June 2020 Pacific International’s solvency position was:
Actual Solvency Capital: AUD 15,541,000
Minimum Solvency Capital: AUD 7,498,000
Solvency Margin: AUD 8,043,000
Solvency Ratio: 207.27%
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).
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.
