Financial strength

Allianz Australia Insurance Limited has an AA- insurer financial strength rating given by Standard & Poor’s (Australia) Pty Limited.

The rating scale* in summary form is:

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AAA Extremely Strong
AA Very Strong
A Strong
BBB Good
BB Marginal
B Weak
CCC Very Weak
CC Extremely Weak
R Regulatory Action
Plus (+) or minus (-): Ratings from “AA” to “CCC” may be modified by the addition of a plus (+) or minus (-) sign to show relative standings within the major rating categories. *A full description of the rating scale is available through Standard & Poor's (Australia) Pty Ltd.
 
An overseas policy holder preference applies. Under Australian law, if Allianz Australia Insurance Limited is wound up, its assets in Australia must be applied to its Australian liabilities before they can be applied to overseas liabilities. To this extent, New Zealand policy holders may not be able to rely on Allianz Australia Insurance Limited’s Australian assets to satisfy New Zealand liabilities.
As of 30 June 2023, our solvency figures as filed with the Reserve Bank of New Zealand is as follows:

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Solvency margin NZD $650,289,000
Minimum solvency capital NZD $1,639,555,000
Solvency ratio  1.40
Actual solvency capital NZD $2,289,844,000