Solvency
The solvency of Aioi Nissay Dowa Insurance Company, Limited expressed in NZ$ at the exchange rates effective at each reporting date was:
| 2023 | 2023 | 2022 | |
| June | March | September | |
| NZ$M | NZ$M | NZ$M | |
| Actual Solvency Capital | 16,772 | 15,978 | 15,270 |
| Minimum Required Solvency Capital | 1,990 | 1,923 | 1,976 |
| Solvency Margin | 14,782 | 14,055 | 13,294 |
| Solvency Ratio | 842.76% | 830.86% | 772.70% |
Financial Strength
Aioi Nissay Dowa Insurance Company, Limited has a Financial Strength Rating of A+ (Stable) given by A. M. Best Company and A+ (Stable) given by Standard & Poors.
The Financial Strength Rating is an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations.
A.M. Best's Financial Strength Rating Scale is:
| A+ | Superior |
| A | Excellent |
| B+ | Good |
| B | Fair |
| C+ | Marginal |
| C | Weak |
| D | Poor |
Standard & Poors Financial Strength Rating Scale is:
| AAA | Extremely Strong |
| AA | Very Strong |
| A | Strong |
| BBB | Good |
| BB | Marginal |
| B | Weak |
| CCC | Very Weak |
| CC | Extremely Weak |
| R | Under Regulatory Supervision |
The rating scales may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major categories.
For further details and a full explanation of these ratings please use the following links: www.ambest.com/ratings/guide.pdf or www.spratings.com/en_US/understanding-ratings.