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 2017 following the Non-Life solvency standard issued in December 2014.

Tower Insurance Limited submitted its Solvency Return to RBNZ on 30 May 2017 as required under the Insurance (Prudential Supervision) Act 2010.


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TIL Parent
(Solo)
TIL Group
(Aggregate)
Actual Solvency Capital  $111.7m
$134.1m
Minimum Solvency Capital
$56.5m
$67.4m
Solvency Margin
$55.2m
$66.7m
Solvency Ratio
198%
199%