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 31 December 2023 was:
- Actual Solvency Capital: AUD 59,362,897
- Minimum Solvency Capital: AUD 28,445,511
- Solvency Margin: AUD 30,917,386
- Solvency Ratio: 208.69%
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
Secure
| A++ & A+ | Superior |
| A & A- | Excellent |
| B++ & B+ | Good |
Vulnerable
| 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.