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 2023 and in the full year as at 30 September 2023 as follows:
| 31 December 2023 $000 |
30 September 2023 $000 |
|
| Actual solvency capital | 32,395 | 36,353 |
| Prescribed capital requirement | 17,443 | 17,347 |
| Solvency margin | 14,952 | 19,006 |
| Solvency Ratio | 1.86 | 2.10 |