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'. The purpose of the statutory fund is to protect your interests by ring-fencing the assets of the fund from other business assets. The assets of the statutory fund cannot be used for purposes other than insurance business of the insurer e.g. paying insurance claims.
Our solvency margin
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. The “Adjusted Prescribed Capital Requirement” is the amount of capital the RBNZ requires us to hold under the RBNZ Solvency Standard. The Solvency Margin is anything above that amount.
At 30 June 2026 Pinnacle Life's Solvency Margin is $8.78m. This is made up as follows:
| Total ($m) | Rimu Statutory Fund ($m) | Shareholder Fund ($m) | |
|---|---|---|---|
| Actual Solvency Capital | 78.310 | 77.900 | 0.410 |
| Adjusted Prescribed Capital requirement | 69.530 | 69.526 | 0.004 |
| Adjusted Solvency Margin | 8.780 | 8.374 | 0.406 |
| Adjusted Solvency Ratio | 112.6% | 112.0% | 10045.8% |
Our rating
A.M Best rates Pinnacle Life Limited 'B+' financial strength (Good) and a bbb- issuer credit rating (outlook 'stable') at 15 April 2026. 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).