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 2020 and in the full year as at 30 June 2020 as follows:

 
  31 December 2020
$000
30 June 2020
$000
Actual solvency capital 24,659 26,624
Minimum solvency capital 6,177 7,405
Solvency margin 18,482 19,219
Solvency Ratio 3.99 3.60