Solvency margin
In the Solvency Return filed with the Reserve Bank of New Zealand, Southern Cross Benefits Limited had a Solvency Margin as at 31 December 2021 and in the full year as at 30 June 2021 as follows:
| 31 December 2021 $000 |
30 June 2021 $000 |
|
| Actual solvency capital | 17,606 | 19,876 |
| Minimum solvency capital | 5,563 | 6,029 |
| Solvency margin | 12,043 | 13,847 |
| Solvency Ratio | 3.16 | 3.30 |