Below is a historical record of our solvency disclosures, detailing our financial position and compliance with regulatory requirements over time. Please note, this is an archive. For the latest information, visit the solvency disclosure page.
The following solvency information as at 30 June 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.
|
|
30 June 2025 |
|
|
Society |
Consolidated insurance group |
|
|
Solvency capital |
$1,350.5m |
$1,411.4m |
|
Adjusted prescribed capital requirement |
$1,144.7m |
$1,180.8m |
|
Adjusted solvency margin |
$205.8m |
$230.6m |
|
Adjusted solvency ratio |
1.18 |
1.20 |
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.
|
|
30 September 2025 |
|
|
Society |
Consolidated insurance group |
|
|
Solvency capital |
$1,382.1m |
$1,441.9m |
|
Adjusted prescribed capital requirement |
$1,196.5m |
$1,232.7m |
|
Adjusted solvency margin |
$185.6m |
$209.2m |
|
Adjusted solvency ratio |
1.16 |
1.17 |
The following solvency information as at 31 December 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.
|
|
31 December 2025 |
|
|
Society |
Consolidated insurance group |
|
|
Solvency capital |
$1,283.1m |
$1,343.2m |
|
Adjusted prescribed capital requirement |
$1,081.8m |
$1,118.6m |
|
Adjusted solvency margin |
$201.3m |
$224.6m |
|
Adjusted solvency ratio |
1.19 |
1.20 |
The following solvency information as at 31 March 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.
|
|
31 March 2025 |
|
|
Society |
Consolidated insurance group |
|
|
Solvency capital |
$1,258.2m |
$1,312.0m |
|
Adjusted prescribed capital requirement |
$1,013.9m |
$1,046.9m |
|
Adjusted solvency margin |
$244.3m |
$265.1m |
|
Adjusted solvency ratio |
1.24 |
1.25 |
The following solvency information as at 30 June 2024 for both the Society and the consolidated insurance group is required to be disclosed in compliance with the ISS as issued by the RBNZ.
|
|
30 June 2024 |
|
|
Society |
Consolidated insurance group |
|
|
Solvency capital |
$459.2m |
$508.8m |
|
Adjusted prescribed capital requirement |
$138.6m |
$168.5m |
|
Adjusted solvency margin |
$320.6m |
$340.3m |
|
Adjusted solvency ratio |
3.31 |
3.02 |
The following solvency information as at 30 September 2024 for both the Society and the consolidated insurance group is required to be disclosed in compliance with the ISS as issued by the RBNZ.
|
|
30 September 2024 |
|
|
Society |
Consolidated insurance group |
|
|
Solvency capital |
$441.5m |
$493.0m |
|
Adjusted prescribed capital requirement |
$132.9m |
$162.1m |
|
Adjusted solvency margin |
$308.6m |
$330.9m |
|
Adjusted solvency ratio |
3.32 |
3.04 |
The following solvency information as at 31 December 2024 for both the Society and the consolidated insurance group is required to be disclosed in compliance with the ISS as issued by the RBNZ.
|
|
31 December 2024 |
|
|
Society |
Consolidated insurance group |
|
|
Solvency capital |
$437.0m |
$492.5m |
|
Adjusted prescribed capital requirement |
$129.0m |
$158.9m |
|
Adjusted solvency margin |
$308.0m |
$333.6m |
|
Adjusted solvency ratio |
3.39 |
3.10 |
The following solvency information as at 31 March 2024 for both the Society and the consolidated insurance group is required to be disclosed in compliance with the ISS as issued by the RBNZ.
|
|
31 March 2024 |
|
|
Society |
Consolidated insurance group |
|
|
Solvency capital |
$485.3m |
$534.9m |
|
Adjusted prescribed capital requirement |
$173.2m |
$200.8m |
|
Adjusted solvency margin |
$312.1m |
$334.1m |
|
Adjusted solvency ratio |
2.80 |
2.66 |
The following solvency information as at 31 December 2023 for both the Society and the consolidated insurance group is required to be disclosed in compliance with the ISS as issued by the RBNZ.
|
|
31 December 2023 |
|
|
Society |
Consolidated insurance group |
|
|
Solvency capital |
$500.0m |
$545.7m |
|
Adjusted prescribed capital requirement |
$147.0m |
$171.1m |
|
Adjusted solvency margin |
$353.0m |
$374.6m |
|
Adjusted solvency ratio |
3.40 |
3.19 |
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.
