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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