Solvency disclosure

As licensed insurers, Southern Cross Medical Care Society (the “Society”) and its 100% owned subsidiaries (Southern Cross Pet Insurance Limited and Southern Cross Benefits Limited) are required by the Interim Solvency Standard Amendment Standard 2024 (the “ISS") issued by the Reserve Bank of New Zealand (“RBNZ”) to retain a positive solvency margin, meaning that the solvency capital exceeds the prescribed capital requirement under the ISS.

As the Society is a licenced insurer with two licenced insurer subsidiaries, these insurers must be consolidated to calculate and report the consolidated insurance group solvency.

The following solvency information as at 31 March 2025 for both the Society and the consolidated insurance group is required to be disclosed in compliance with the ISS as issued by the RBNZ.