Financial Strength Rating & Solvency Ratio

Solvency Ratio

In its Half-Yearly Solvency Return filed with the Reserve Bank of New Zealand and APRA (Australia), Pacific International Insurance Limited had a Solvency Margin as at 31 December 2021 as follows:

• Actual Solvency Capital: AUD 30,227,000
• Minimum Solvency Capital: AUD 9,723,000
• Solvency Margin: AUD 20,504,000
• Solvency Ratio: 310.88%

 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.