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 'Positive' by A.M. Best. The rating was issued by A.M. Best on 19 July 2019.

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 2019

  NZ $000

Actual solvency capital 29,838
Calculated minimum solvency capital 16,367
Calculated solvency margin 13,471
Solvency ratio on calculated margin (times) 1.82
Regulatory minimum capital requirement 16,367
Solvency margin on regulatory minimum requirement 13,471
Solvency ratio on regulatory minimum requirement (times) 1.82

Non-life insurance

Actual solvency capital 17,035
Calculated minimum solvency capital 12,986
Solvency margin on calculated minimum requirement 4,049
Solvency ratio (times) 1.31

Life insurance

Actual solvency capital 12,803
Calculated minimum solvency capital 3,381
Solvency margin on calculated minimum requirement 9,422
Solvency ratio (times) 3.79