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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 June 2024
NZ $000
Solvency Capital
79,346
Adjusted Prescribed Capital Requirement
51,822
Adjusted Solvency Margin
27,524
Adjusted Solvency Ratio
1.53
Non-Life Insurance
Solvency Capital
68,632
Adjusted Prescribed Capital Requirement
47,287
Adjusted Solvency Margin
21,345
Adjusted Solvency Ratio
1.45
Life Insurance
Solvency Capital
10,714
Adjusted Prescribed Capital Requirement
6,051
Adjusted Solvency Margin
4,663
Adjusted Solvency Ratio
1.77