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 |