Financial Strength & Solvency

Solvency

The solvency of Aioi Nissay Dowa Insurance Company, Limited expressed in NZ$ at the exchange rates effective at each reporting date was:

  2020 2020 2019
  September March September
  NZ$M NZ$M NZ$M
Actual Solvency Capital 18,713 17,926 18,551
Minimum Required Solvency Capital 2,495 2,552 2,348
Solvency Margin 16,217 15,374 16,204
Solvency Ratio 749.9% 702.4% 790.2%

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.