Financial Strength Rating

Standard and Poor’s provide independent analysis of credit risk. This rating expresses their opinion about the ability and willingness of a company to meet its financial obligations in full and on time.

Insurer Financial Strength Rating
AA Insurance Ltd has an A+ (Strong) Insurer Financial Strength Rating given by Standard and Poor’s (Australia) Pty Ltd.
The rating scale is:
  • AAA Extremely Strong  
  • AA Very Strong  
  • A Strong  
  • BBB Good  
  • BB Marginal
  • ​B Weak
  • CCC Very Weak
  • CC Extremely Weak
  • SD Selective Default
  • D Default 
  • R Regulatory Supervision
  • NR Not Rated
The rating from 'AA' to 'CCC' may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.
For more information on the above summary of our rating, please visit Standard & Poor's  |  About Credit Ratings

Solvency Margin

In its half-year Solvency Return filed with the Reserve Bank of New Zealand, AA Insurance Limited had a Solvency Margin as at 31 December 2016 as follows:

Actual Solvency Capital 79.6
Minimum Solvency Capital 52.9
Solvency Margin 26.7
Solvency Ratio  151%