Financial Strength Rating & Solvency Ratio

Solvency Ratio


As at 31 December 2020 Pacific International Insurance’s half-year solvency position was:

Actual Solvency Capital: AUD 17,575,000

Minimum Solvency Capital: AUD 7,063,000

Solvency Margin: AUD 10,512,000

Solvency Ratio: 248.82%

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