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 14 August 2020.
 

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 March 2020

  NZ $000

Actual solvency capital 32,321
Calculated minimum solvency capital 16,598
Calculated solvency margin 15,723
Solvency ratio on calculated margin (times) 1.95
Regulatory minimum capital requirement 16,598
Solvency margin on regulatory minimum requirement 15,723
Solvency ratio on regulatory minimum requirement (times) 1.95

Non-life insurance
 

Actual solvency capital 24,324
Calculated minimum solvency capital 14,244
Solvency margin on calculated minimum requirement 10,080
Solvency ratio (times) 1.71

Life insurance
 

Actual solvency capital 7,997
Calculated minimum solvency capital 2,354
Solvency margin on calculated minimum requirement 5,643
Solvency ratio (times) 3.40