Solvency disclosures

Tower Insurance Limited

Tower Insurance Limited is required to maintain capital in excess of the minimum solvency capital requirement specified by the Reserve Bank of New Zealand.  

Solvency calculations were performed as at 31 March 2018 in accordance with the Non-Life solvency standard issued in December 2014.

Tower Insurance Limited submitted its Solvency Return to RBNZ on 27 July 2018 as required under the Insurance (Prudential Supervision) Act 2010.

TIL Parent
TIL Group
Actual Solvency Capital  $134.2m
Minimum Solvency Capital
Solvency Margin
Solvency Ratio