Our financial strength.
Choosing an insurance company requires trust. With Momentum Life’s secure financial position, you can be confident that we’ll support you and your family when you need us most.
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.
A summary of the rating scale.
For the latest ratings visit www.ambest.com. The rating should not be read as a recommendation.
| Secure | ||
|---|---|---|
| A++ | A+ | Superior |
| A | A- | Excellent |
| B++ | B+ | Good |
| Vulnerable | ||
|---|---|---|
| B | B- | Fair |
| C++ | C+ | Marginal |
| C | C- | Weak |
| D | Poor | |
| E |
Under regulatory supervision |
|
| F | In liquidation | |
| S | - | Suspended |
Solvency standard.
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.
Our adjusted solvency margin.
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 31 March 2025 as calculated by the Interim Solvency Standard 2023, is made up as shown:
$ million
$ million
