Solvency margin

In the Solvency Return filed with the Reserve Bank of New Zealand, Southern Cross Benefits Limited had a Solvency Margin as at 30 June 2020 and in the half year as at 31 December 2019 as follows:

 

                         30 June 2020   31 Dec 2019
  $000 $000
Actual solvency capital 26,624 22,682
Minimum solvency capital 7,405 11,660
Solvency margin 19,218 11,022

Solvency ratio 

3.60 

 1.95