Financial Strength Rating and Solvency Margin

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A- Financial Strength Rating

The Hollard Insurance Company Pty Ltd has received a financial strength rating of A- (Excellent) from A.M. Best Company Inc.

The AM Best rating scale is:

A++,A+ (Superior)
A, A- (Excellent)
B++, B+ (Good)
C++, C+ (Marginal)
C, C- (Weak)
D (Poor)
E (Under Regulatory Supervision)
F (In Liquidation)
S (Suspended)

The rating scale above is a summary and further information on these ratings is available at www.ambest.com

If you are insured with Hollard in NZ, an overseas policyholder preference applies. Under Australian law, if The Hollard Insurance Company Pty Ltd is wound up, its assets in Australia must be applied to its Australian liabilities before they can be applied to overseas liabilities. To this extent, New Zealand policyholders may not be able to rely on The Hollard Insurance Company Pty Ltd’s Australian assets to satisfy New Zealand liabilities
 

Solvency Margin

As at December 2016, our solvency as filed with the Reserve Bank of New Zealand is as follows:

 

 

2016

 

AUD $'000

Actual solvency capital

91,359

Minimum solvency capital

63,177

Solvency margin

28,182

Solvency ratio

1.45