Financial Strength

Financial Strength

Our financial strength provides our customers with assurance
that we will be able to pay their claims.

APRA Capital

The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the Australian financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, friendly societies, and most members of the superannuation industry. APRA’s capital standards and related capital requirements are designed to ensure that entities hold enough capital to be able to carry on their business.

As at 31 December 2023, Ansvar held 2.05 times the level of capital required by APRA.

Ansvar’s Credit Rating

The worlds largest credit rating agency, AM Best, affirms Ansvar has financial strength and long term issuer ratings of “Excellent” or A-/a-. According to A.M. Best, the financial strength rating of A- is “Assigned to insurance companies that have, in our opinion, an excellent ability to meet their ongoing insurance obligations”.  These ratings were affirmed on June 20th 2024 with a stable outlook.

Based on the A.M Best Rating scale, Ansvar has achieved the second highest rating out of seven possible ratings:

A++, A+ (Superior)
B, B- (Fair)
A, A- (Excellent)
C++, C+ (Marginal)
B++, B+ (Good)
C, C- (Weak)
D (Poor)
About A.M. Best
About A.M. Best

A.M. Best is a worldwide insurance rating and information agency with more than 100 years of history. It is the largest and longest established company devoted to issuing in depth reports and financial strength ratings about insurance organisations.

Its flagship publication and database, Best’s Insurance Reports, offers extensive coverage of insurers and reinsurers. Many other Australian insurers have A.M. Best ratings, as well as some of the largest global reinsurers.

Group Rating
Group Rating

In July 2022 A.M. Best affirmed the financial strength rating of A (Excellent) for Ansvar’s parent company, the Ecclesiastical Insurance Office plc, with a stable outlook.

In December 2022 Moody’s affirmed the financial strength rating of A2 for Ansvar’s parent company with a stable outlook.

Annual Financial Reports

Ansvar is committed to providing visibility and transparency over our financial position and performance in our Annual Financial Reports.

For more information, please refer to our latest Annual Financial Report.

Annual Financial Report 2013 Download
Annual Financial Report 2012 Download
Annual Financial Report 2011 Download
Annual Financial Report 2010 Download
Annual Financial Report 2009 Download
Annual Financial Report 2008 Download