Solvency

The solvency of Aioi Nissay Dowa Insurance Co., Limited expressed in NZ$ at the exchange rates effective at each reporting date was:

2018  2018  2017 
September March March
NZ$M NZ$M NZ$M
Actual Solvency Capital 17,106 16,491 17,073
Minimum Required Solvency Capital 2,358 2,103 2,004
Solvency Margin 14,748 14,388 15,069
Solvency Ratio 725.4% 784.1% 851.6%

Financial Strength

Aioi Nissay Dowa Insurance Co., Ltd has a Financial Strength Rating of A+ (Stable) given by A. M. Best Company and A+ (Stable) given by Standard & Poors.

The Financial Strength Rating is an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations.

A.M. Best's Financial Strength Rating Scale is:
A+ Superior
A Excellent
B+ Good
B Fair
C+ Marginal
C Weak
D Poor

Standard & Poors Financial Strength Rating Scale is:
AAA Extremely Strong
AA Very Strong
A Strong
BBB Good
BB Marginal
B Weak
CCC Very Weak
CC Extremely Weak
R Under Regulatory Supervision

The rating scales may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major categories.

For further details and a full explanation of these ratings please use the following links: www.ambest.com/ratings/guide.pdf or www.spratings.com/en_US/understanding-ratings.