Financial strength rating
B++
FROM A.M. BEST COMPANY
Co‑operative Life Limited, a wholly owned subsidiary of The Co‑operative Bank, has a current financial strength rating of "Secure" B++ (Good) from A.M. Best Company Inc, an approved Reserve Bank of New Zealand rating agency. This is a “Secure” rating. The A.M. Best rating scale is:
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)
For more information on ratings, visit ambest.com.
This rating scale should not be read as recommendation.
| Statutory Fund $'000 | Shareholder Fund $'000 | Total for Co‑operative Life $'000 | |
|---|---|---|---|
| Solvency Capital | 13,339 | 7,668 | 21,007 |
| Minimum Solvency Capital | 10,060 | 263 | 10,323 |
| Solvency Margin | 3,279 | 7,405 | 10,684 |
| Solvency Ratio | 133% | 2,916% | 203% |
Other insurer financial strength ratings
The Co‑operative Bank has arranged other insurances underwritten by third party suppliers. These include:
- Asset Care Home, Contents, Vehicle and Boat insurance cover underwritten by IAG New Zealand Limited (“IAG”). Click here for IAG’s financial strength rating.
The Co‑operative Bank (and its subsidiaries) accepts no responsibility for the availability or content of any third party websites and makes no representation as to the accuracy or currency of the materials.