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 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