Financial Strength Rating, Overseas Policyholder Preference & Solvency Ratio

Pacific is incorporated and holds financial service licences in Australia (ABN 83 169 311 193 | AFSL 523921) and New Zealand (NZBN 94 290 413 565 00 | FSP 394846).


Pacific is regulated by  the Australian Prudential Regulation Authority (“APRA”) and Reserve Bank of New Zealand (“RBNZ”).

Solvency Ratio

Under the Solvency Standard issued by the RBNZ, Pacific is required to retain a positive solvency margin. In Pacific’s latest solvency return filed with the APRA and the RBNZ, Pacific’s Solvency Margin as at 30 June 2023 was:


  • Actual Solvency Capital: AUD 52,141,000
  • Minimum Solvency Capital: AUD 29,308,000
  • Solvency Margin: AUD 22,833,000
  • Solvency Ratio: 177.91%

Pacific uses Tier 1 Capital.

Financial Strength Rating

Pacific has a financial strength rating of B++ (Good) issued by A.M. Best. The rating is reviewed annually by A.M. Best, with the rating scale outlined below.

Rating Scale - FSR

A++ & A+Superior
A & A-Excellent
B++ & B+Good
B & B- Fair
C++ & C+ Marginal
C & C- Weak
D Poor
E Under Regulatory Supervision
F In Liquidation
S Suspended
For more information about the rating scale, process and methodology, click here.

Overseas Policyholder Preference Notice

An Overseas Policyholder Preference applies. Under Australian law, if Pacific is wound up, its assets in Australia must be applied to its Australian liabilities before they can be applied to overseas liabilities. To this extent, New Zealand policyholders may not be able to rely on Pacific’s Australian assets to satisfy New Zealand liabilities.