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