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