Financial Strength Rating and Solvency Margin

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A- Financial Strength Rating

A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) for The Hollard Insurance Company Pty Ltd (Australia) with a stable outlook.

Rating effective 19 February 2021

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 31 December 2020, our solvency as filed with the Australian Prudential Regulation Authority (APRA) is as follows:

 

 

AUD $'m

Actual solvency capital

251.8

Minimum solvency capital

151.9

Solvency margin

99.9

Solvency ratio

1.66