Financial Strength Rating & Solvency Ratio

Solvency Ratio

 

As at 31 December 2019 Pacific International’s solvency position was:

 

Actual Solvency Capital: AUD 15,226,000

 

Minimum Solvency Capital: AUD 5,867,000

Solvency Margin: AUD 9,359,000

Solvency Ratio: 259.52%

 

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, with an outlook of: Stable. 

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