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Our Financial Strength

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 30 June 2023 Pinnacle Life's Solvency Margin is $9,261,430. This is made up as follows:

Pinnacle Life Total Rimu Statutory Fund Non-statutory fund
Actual Solvency Capital 33,347,852
32,835,067 512,785
Minimum Solvency Capital 24,086,422 24,083,859 2,564
Our Solvency Margin 9,261,430 8,751,209 510,221
Solvency Ratio 1.38 1.36 200.00

Our rating

A.M Best rates Pinnacle Life Limited 'B+' financial strength (Good) and a bbb- issuer credit rating (outlook 'stable') at 28 April 2023. 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).
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