Solvency margin

In the half year Solvency Return filed with the Reserve Bank of New Zealand, Southern Cross Benefits Limited had a Solvency Margin as at 31 December 2019 and in the full year as at 30 June 2019 as follows:

 

                         31 Dec 2019   30 Jun 2019
  $000 $000
Actual solvency capital 22,682 18,146
Minimum solvency capital 11,660 12,039
Solvency margin 11,022 6,107

Solvency ratio 

 1.95

 1.51