Financial Strength

DPL Insurance is regulated by the Reserve Bank of New Zealand and holds a Full Insurance licence for Life and Non-life products, in accordance with the Insurance (Prudential Supervision) Act 2010. Our Full Insurance licence was issued on the 22nd August 2013.

Financial Strength Rating

The Insurance (Prudential Supervision) Act 2010 requires all licensed insurers to have a current Financial Strength Rating, given by an approved rating entity. DPL Insurance Limited has been issued a Financial Strength Rating of B++ (Good), with the outlook assigned as ‘Stable’ and an Issuer Credit Rating of bbb (Good), with the outlook assigned as ‘Positive’ by A.M. Best. The rating was affirmed by A.M. Best on 18 August 2023.

The A.M Best company rating scale is

A++, A+ Superior
A, A- Excellent
B++, B+ Good

B, B- Fair
C++, C+ Marginal
C, C- Weak

D Poor
E Under Regular Supervision
F In liquidation
S Suspended

Issuer Credit rating

Investment Grade
aaa (Exceptional)
aa (Superior)
a (Excellent)
bbb (Good)

Non-Investment Grade
bb (Fair)
b (Marginal)
ccc, cc (Weak)
c (Poor)
rs (Regulatory Supervision / Liquidation)

Solvency Margin as at 31 December 2023

NZ $000

Solvency Capital

79,333

Adjusted Prescribed Capital Requirement

51,224

Adjusted Solvency Margin

28,109

Adjusted Solvency Ratio

1.55

Non-Life Insurance

Solvency Capital

69,646

Adjusted Prescribed Capital Requirement

45,880

Adjusted Solvency Margin

23,766

Adjusted Solvency Ratio

1.52

Life Insurance

Solvency Capital

9,687

Adjusted Prescribed Capital Requirement

5,344

Adjusted Solvency Margin

4,343

Adjusted Solvency Ratio

1.81

Financial Strength