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.