Solvency margin
In the Solvency Return filed with the Reserve Bank of New Zealand, Southern Cross Benefits Limited had a Solvency Margin as at 30 June 2023 and in the half year as at 31 December 2022 as follows:
| 30 June 2023 $000 |
31 December 2022 $000 |
|
| Actual solvency capital | 21,202 | 17,185 |
| Minimum solvency capital | 7,747 | 5,822 |
| Solvency margin | 13,455 | 11,363 |
| Solvency Ratio | 2.74 | 2.95 |