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 (RBNZ).  

Solvency calculations were performed as at 30 September 2018 in accordance with the Solvency Standard for Non-life Insurance Business issued in by the RBNZ.

Tower Insurance Limited submitted its Solvency Return to RBNZ on 31 January 2019 as required under the Insurance (Prudential Supervision) Act 2010.


«Swipe»
 
TIL Parent
(Solo)
TIL Group
(Aggregate)
Actual Solvency Capital  $136.5m
$156.7m
Minimum Solvency Capital
$58.3m
$74.3m
Solvency Margin
$78.2m
$82.4m
Solvency Ratio
234%
211%