Financial strength

nib nz limited has an A- (Strong) Financial Strength Rating from S&P Global Ratings Australia Pty Ltd

Standard & Poor's rating scale

Rating Description
AAA Extremely Strong
AA Very Strong
A Strong
BBB Good
BB Marginal
B Weak
CCC Very Weak
CC Extremely Weak
SD or D Selective Default or Default
R Regulatory Action
NR Not Rated

Ratings from 'AA' to 'CCC' may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.

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Solvency margin

The most recent solvency return filed by nib nz limited with the Reserve Bank of New Zealand is for the six months ended 31 December 2019. The solvency details at 31 December 2019 were:

Available Solvency Capital $31.4m
Minimum Solvency Capital $12.3m
Solvency Margin $19.1m
Solvency Ratio 254%