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 |