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 ‘Stable’ by A.M. Best. The rating was affirmed by A.M. Best on 11 September 2024.

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 2024

NZ $000


Solvency Capital

81,359

Adjusted Prescribed Capital Requirement

50,860

Adjusted Solvency Margin

30,499

Adjusted Solvency Ratio

1.60

Non-Life Insurance


Solvency Capital

69,847

Adjusted Prescribed Capital Requirement

46,082

Adjusted Solvency Margin

23,765

Adjusted Solvency Ratio

1.52

Life Insurance


Solvency Capital

11,512

Adjusted Prescribed Capital Requirement

6,035

Adjusted Solvency Margin

5,477

Adjusted Solvency Ratio

1.91