Home > Financial Strength
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.
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.
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
|
|
|
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 2023
| NZ $000 | |
|
|
|
| Solvency Capital | 83,300 |
| Adjusted Prescribed Capital Requirement | 54,733 |
| Adjusted Solvency Margin | 28,566 |
| Adjusted Solvency Ratio | 1.52 |
Non-Life Insurance |
|
|
|
|
| Solvency Capital | 72,136 |
| Adjusted Prescribed Capital Requirement | 46,315 |
| Adjusted Solvency Margin | 25,821 |
| Adjusted Solvency Ratio | 1.56 |
Life Insurance |
|
|
|
|
| Solvency Capital | 11,164 |
| Adjusted Prescribed Capital Requirement | 8,418 |
| Adjusted Solvency Margin | 2,746 |
| Adjusted Solvency Ratio | 1.33 |