Solvency disclosure

As licensed insurers, Southern Cross Medical Care Society (the “Society”) and its 100% owned subsidiaries (Southern Cross Pet Insurance Limited and Southern Cross Benefits Limited) are required by the Interim Solvency Standard 2023 (as amended) (the “ISS") issued by the Reserve Bank of New Zealand (“RBNZ”) to retain a positive solvency margin, meaning that the solvency capital exceeds the prescribed capital requirement under the ISS.

As the Society is a licenced insurer with two licenced insurer subsidiaries, these insurers must be consolidated to calculate and report the consolidated insurance group solvency.

The following solvency information as at 30 September 2025 for both the Society and the consolidated insurance group is required to be disclosed in compliance with the ISS as issued by the RBNZ.

Southern Cross Medical Care Society (trading as Southern Cross Health Society) is a licensed insurer and a licensed financial advice provider. For more information about the financial advice service we provide and a copy of our public disclosure statement please visit southerncross.co.nz/disclosure-statement.

Southern Cross Medical Care Society (trading as Southern Cross Health Society) has an A+ (Strong) financial strength rating given by Standard & Poor’s (Australia) Pty Limited. The rating scale is: AAA (Extremely Strong), AA (Very Strong), A (Strong), BBB (Good), BB (Marginal), B (Weak), CCC (Very Weak), CC (Extremely Weak), SD or D (Selective Default or Default). Ratings from ‘AA’ to ‘CCC’ may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories. Full details of the rating scale are available at www.spglobal.com/ratings/en/about/intro-to-credit-ratings. Standard & Poor’s is an approved rating agency under the Insurance (Prudential Supervision) Act 2010.