Solvency changes
Below is a historical record of our solvency disclosures, detailing our financial position and compliance with regulatory requirements over time. Please note, this is an archive. For the latest information, visit the solvency disclosure page.
2024
-
30 June 2024
The following solvency information as at 30 June 2024 for both the Society and the consolidated insurance group is required to be disclosed in compliance with the ISS as issued by the RBNZ.
30 June 2024
Society
Consolidated insurance group
Solvency capital
$459.2m
$508.8m
Adjusted prescribed capital requirement
$138.6m
$168.5m
Adjusted solvency margin
$320.6m
$340.3m
Adjusted solvency ratio
3.31
3.02
-
30 September 2024
The following solvency information as at 30 September 2024 for both the Society and the consolidated insurance group is required to be disclosed in compliance with the ISS as issued by the RBNZ.
30 September 2024
Society
Consolidated insurance group
Solvency capital
$441.5m
$493.0m
Adjusted prescribed capital requirement
$132.9m
$162.1m
Adjusted solvency margin
$308.6m
$330.9m
Adjusted solvency ratio
3.32
3.04
-
31 March 2024
The following solvency information as at 31 March 2024 for both the Society and the consolidated insurance group is required to be disclosed in compliance with the ISS as issued by the RBNZ.
31 March 2024
Society
Consolidated insurance group
Solvency capital
$485.3m
$534.9m
Adjusted prescribed capital requirement
$173.2m
$200.8m
Adjusted solvency margin
$312.1m
$334.1m
Adjusted solvency ratio
2.80
2.66
2023
-
31 December 2023
The following solvency information as at 31 December 2023 for both the Society and the consolidated insurance group is required to be disclosed in compliance with the ISS as issued by the RBNZ.
31 December 2023
Society
Consolidated insurance group
Solvency capital
$500.0m
$545.7m
Adjusted prescribed capital requirement
$147.0m
$171.1m
Adjusted solvency margin
$353.0m
$374.6m
Adjusted solvency ratio
3.40
3.19