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) and an Issuer Credit Rating of bbb- (Good), with the outlook assigned to both ratings as 'Stable' by A.M. Best. The rating was issued by A.M. Best on 29 June 2018.
 

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 30 September 2018

  NZ $000

Actual solvency capital 31,054
Calculated minimum solvency capital 15,603
Calculated solvency margin 15,451
Solvency ratio on calculated margin (times) 1.99
Regulatory minimum capital requirement 15,603
Solvency margin on regulatory minimum requirement 15,451
Solvency ratio on regulatory minimum requirement (times) 1.99

Non-life insurance
 

Actual solvency capital 21,009
Calculated minimum solvency capital 10,860
Solvency margin on calculated minimum requirement 10,149
Solvency ratio (times) 1.93

Life insurance
 

Actual solvency capital 10,045
Calculated minimum solvency capital 4,744
Solvency margin on calculated minimum requirement 5,301
Solvency ratio (times) 2.12