Pacific has a financial strength rating of B++ (Good) issued by A.M. Best in accordance with the following rating scale:
For more information about the rating scale, process and methodology, click here.
Pacific is regulated by APRA and RBNZ.
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 APRA and RBNZ, Pacific’s Solvency Margin as at 31 December 2021 was:
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.
|A++ and A+||Superior|
|A and A-||Excellent|
|B++ and B+||Good|
|B and B-||Fair|
|C++ and C+||Marginal|
|C and C-||Weak|
|E||Under Regulatory Supervision|