A financial strength rating shows how
likely an insurance company is to be
able to pay out your claims in the future.
Our financial rating.
Your insurance is underwritten by Momentum Life Limited (Momentum Life).
Momentum Life has a B (Fair) Financial Strength Rating given by A.M. Best.
For the latest ratings visit www.ambest.com. The rating should not be read as a recommendation.
For the latest ratings visit www.ambest.com. The rating should not be read as a recommendation.
| 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 |
All licensed insurance companies must meet the solvency standards for insurance businesses set by the Reserve Bank of New Zealand. These solvency standards state that we must hold a minimum amount of solvency capital so that we can pay claims to our customers following unexpected events.
The Reserve Bank of New Zealand introduced the Interim Solvency Standard 2023 in October 2022, which became effective for Momentum Life on 1 July 2023. The standard changed the way solvency information is calculated and presented. Solvency is now calculated for the Statutory Fund and Momentum Life as a whole.
‘Solvency Capital’ is the amount of capital we have to meet our obligations. The ‘Adjusted Prescribed Capital Requirement’ is the amount of capital the solvency standard requires us to hold. The difference between the two is the ‘Adjusted Solvency Margin’ (also expressed as the ‘Adjusted Solvency Ratio’ percentage).
The Adjusted Solvency Margin of Momentum Life Limited at 30 June 2026 as calculated by the Interim Solvency Standard 2023, is made up as shown:
| Statutory Fund $ million | Momentum Life Entity $ million | |
|---|---|---|
| Solvency Capital | 8.8 | 8.8 |
| Adjusted prescribed capital requirement | 8.2 | 8.2 |
| Adjusted solvency margin | 0.6* | 0.6* |
| Adjusted solvency ratio | 107% | 107% |
* The Adjusted Solvency Margin is after a specific business run-off risk charge
included in the Adjusted Prescribed Capital Requirement per the Interim Solvency
Standard 2023.
