Financial Strength Rating and Solvency
Allianz Australia Insurance Limited has an AA- insurer financial strength rating given by S&P Global Ratings Australia Pty Ltd.
The rating scale* in summary form is:
Plus (+) or minus (-): Ratings from “AA” to “CCC” may be modified by the addition of a plus (+) or minus (-) sign to show relative standings within the major rating categories. *A full description of the rating scale is available on S&P Global Ratings Australia Pty Ltd’s website.
An overseas policyholder preference applies. Under Australian law, if Allianz Australia Insurance Limited is wound up, its assets in Australia must be applied to its Australian liabilities before they can be applied to overseas liabilities. To this extent, New Zealand policyholders may not be able to rely on Allianz Australia Insurance Limited’s Australian assets to satisfy New Zealand liabilities.
As at 31 December 2020, our solvency as filed with the Reserve Bank of New Zealand is as follows:
Solvency Margin NZD $902,015,000
Minimum Solvency Capital NZD $1,568,048,000
Solvency Ratio 1.58
Actual Solvency Capital NZD $2,470,063,000