Financial Strength Rating and Solvency

PD Insurance is underwritten by Pacific International Insurance Pty Ltd NZBN 9429041356500, FSP 394846. Pacific International has a Financial Strength Rating of B++ (Good) from the USA rating agency A.M. Best.

The rating is reviewed by A.M. Best on an annual basis, with the rating scale outlined in the table below. For the latest rating, together with an overview of the rating process and rating methodologies, go to

  • A.M. Best’s Issuer Credit Rating (ICR) Scale: ICR Scale Guide
  • A.M. Best’s Issuer Financial Strength (FSR) Scale: FSR Scale Guide
  • A.M. Best is an approved rating agency under the Insurance (Prudential Supervision) Act 2010.  

Rating Scale: FSR


PD Insurance


PD Insurance

Solvency Ratio

Pacific International Insurance Pty Ltd is regulated by both the RBNZ and APRA.

Under the Solvency Standard for Non-life Insurance Business (“the Solvency Standard”) issued by the Reserve Bank of New Zealand (“RBNZ”), to retain a positive solvency margin, meaning that the actual solvency capital position exceeds the minimum required under the Solvency Standard. The solvency information below is required to be disclosed in compliance with the Solvency Standard. 

In its Annual Solvency Return filed with the Reserve Bank of New Zealand and APRA (Australia), Pacific International Insurance Limited had a Solvency Margin as at 30 June 2021 as follows:

  • Actual Solvency Capital: AUD 24,710,000

  • Minimum Solvency Capital: AUD 8,380,000

  • Solvency Margin: AUD 16,330,000

  • Solvency Ratio: 294.87%