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 19 August 2021.
 

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 2021

  NZ $000

Actual solvency capital 41,382
Calculated minimum solvency capital 19,151
Calculated solvency margin 22,231
Solvency ratio on calculated margin (times) 2.16
Regulatory minimum capital requirement 19,151
Solvency margin on regulatory minimum requirement 22,231
Solvency ratio on regulatory minimum requirement (times) 2.16

Non-life insurance
 

Actual solvency capital 34,805
Calculated minimum solvency capital 16,315
Solvency margin on calculated minimum requirement 18,490
Solvency ratio (times) 2.13

Life insurance
 

Actual solvency capital 6,577
Calculated minimum solvency capital 2,836
Solvency margin on calculated minimum requirement 3,741
Solvency ratio (times) 2.32