Financial Strength and Solvency



A- (Excellent)

Foundation Life (NZ) Limited has an A- (Excellent) Financial Strength Rating from A.M. Best, effective 23 August 2019.

The rating scale

Secure
Vulnerable
A++, A+ (Superior)
A, A- (Excellent)
B++, B+ (Good)
B, B- (Fair)
C++, C+ (Marginal)
C, C- (Weak)
D (Poor)
E (Under Regulatory Supervision)
F (In Liquidation)
S (Suspended)
For the latest rating, access www.ambest.com. This rating should not be read as a recommendation.


Solvency Margin

As at 31 March 2019 Foundation Life (NZ) Limited's solvency margin is $31.973m

  Statutory Fund
as at 31 March 2019
$000
Non-Statutory Fund
as at 31 March 2019
$000
Aggregate for FLNZ
as at 31 March 2019
$000
Actual solvency capital
36,919 54 36,973
Minimum solvency capital
  2,724 -   5,000
Solvency margin
34,195 54 31,973
Solvency ratio
 1355% 20000%   739%

On 31 August 2015 the Reserve Bank of New Zealand imposed a conditions of licence requirement for Foundation Life (NZ) Limited to maintain a minimum solvency margin of $15 million in its statutory fund.