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

Ansvar has financial strength and long term issuer ratings of “Excellent” or A-/a- from A.M. Best. A.M. Best characterises the financial strength rating of A- as “Assigned to insurance companies that have, in our opinion, an excellent ability to meet their ongoing insurance obligations”. The ratings were affirmed on 21 April 2023 with a stable outlook.

Based on the A.M Best Rating scale, the following table shows 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 2023 Download
Annual Financial Report 2022 Download
Annual Financial Report 2021 Download
Annual Financial Report 2020 Download
Annual Financial Report 2019 Download
Annual Financial Report 2018 Download
Annual Financial Report 2017 Download
Annual Financial Report 2016 Download
Annual Financial Report 2015 Download
Annual Financial Report 2014 Download