Financial Strength and Solvency
A- (Excellent)
Foundation Life (NZ) Limited has an A- (Excellent) Financial Strength rating from A.M. Best, effective 06 July 2018.
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
The actual solvency margin of Foundation Life (NZ) Limited as at 30 September 2018 was $34.528 million.
| Statutory Fund as at 30 September 2018 $000 |
Non-Statutory Fund as at 30 September 2018 $000 |
Aggregate for FLNZ as at 30 September 2018 $000 |
|
|---|---|---|---|
Actual solvency capital |
37,522 | 53 | 37,575 |
Minimum solvency capital |
3,047 | - | 3,047 |
Solvency margin |
34,475 | 53 | 34,528 |
Solvency ratio |
1,231% | 20,000% | 1,233% |