Financial Strength Rating & Solvency Ratio

Solvency Ratio

 

In its Annual Solvency Return filed with the Reserve Bank of New Zealand and APRA (Australia), Pacific International Insurance Limited had a Solvency Margin as at 30 June 2021 as follows:

 

Actual Solvency Capital: AUD 24,710,000

Minimum Solvency Capital: AUD 8,380,000

Solvency Margin: AUD 16,330,000

Solvency Ratio: 294.87%

 

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 

Secure

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

Vulnerable

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