Financial Strength Rating & Solvency Ratio

Pacific is incorporated and holds financial service licences in Australia (ABN 83 169 311 193 | AFSL 523921) and New Zealand (NZBN 94 290 413 565 00 | FSP 394846).

Pacific is regulated by  the Australian Prudential Regulation Authority (“APRA”) and Reserve Bank of New Zealand (“RBNZ”).

Solvency Ratio

Under the Solvency Standards, Pacific is required to retain a positive solvency margin. In Pacific’s latest solvency return filed with the APRA and the RBNZ, Pacific’s Solvency Margin as at 30 June 2023 was:


  • Actual Solvency Capital: AUD 52,141,000
  • Minimum Solvency Capital: AUD 29,308,000
  • Solvency Margin: AUD 22,833,000
  • Solvency Ratio: 177.91%
Pacific uses Tier 1 Capital.

Financial Strength Rating

Pacific has a financial strength rating of B++ (Good) issued by A.M. Best. The rating is reviewed annually by A.M. Best, with the rating scale outlined below.

Rating Scale - FSR

A++ & A+ Superior
A & A- Excellent
B++ & B+ Good
B & B- Fair
C++ & C+ Marginal
C & C- Weak
D Poor
E Under Regulatory Supervision
F In Liquidation
S Suspended
For more information about the rating scale, process and methodology, click here.