Get a quote


Switch to us


Calculate cover



Our statutory fund

When you purchase an insurance policy from Pinnacle Life, all payments that we receive from you, or pay to you in relation to that policy will be transacted through our 'Rimu Statutory Fund'. We are required under New Zealand law to have such a fund for the purposes of protecting your interests and ensuring accounting transparency.

Our solvency margin

As required under the Insurance (Prudential Supervision) Act 2010, Pinnacle Life is required to meet certain solvency standards, the table below shows the capital that Pinnacle Life holds in excess of those standards.

At 31 March 2018 Pinnacle Life's Solvency Margin is $3,548,800. This is made up as follows:

Pinnacle Life Total Rimu Statutory Fund Non-statutory fund
Actual Solvency Capital 27,716,507 27,441,684 274,823
Minimum Solvency Capital 24,167,707 24,165,708 1,999
Our Solvency Margin 3,548,800 3,275,976 272,824
Solvency Ratio 1.15 1.14 137.48

Our rating

A.M Best rates Pinnacle Life Limited 'B' financial strength (outlook 'stable') and a bb+ issuer credit rating (outlook 'stable') at 2 February 2018. The financial strength rating scale used by A.M. Best is:

  • A++, A+ (Superior);
  • A, A- (Excellent);
  • B++, B+ (Good);
  • B, B- (Fair);
  • C++, C+ (Marginal);
  • C, C- (Weak);
  • D (Poor);
  • E (Under Regulatory Supervision);
  • F (In Liquidation);
  • S (Suspended).
A notification message goes here.