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 30 September 2019 Foundation Life (NZ) Limited's solvency margin is $31.456m

  Statutory Fund
as at 30 Sept 2019
$000
Non-Statutory Fund
as at 30 Sept 2019
$000
Aggregate for FLNZ
as at 30 Sept 2019
$000
Actual solvency capital
36,402 54 36,456
Minimum solvency capital
3,151 - 5,000 *
Solvency margin
33,251 54 31,456
RBNZ minimum solvency margin
(15,000) ** - -
Margin in excess of required minimum
18,251 54 31,456
Solvency ratio
1155% 20000% 729%

* The company is required to hold $5m minimum solvency capital at the company level.

** A condition of Foundation Life (NZ) Limited's licence is to maintain a minimum solvency margin in its statutory fund of $15 million.