Insurer financial strength ratings

and insurer solvency information

Insurer Financial Strength Ratings

AMP Life Limited (AMP Life) has an AA- insurer financial strength rating given by Standard & Poor's Australia Pty Limited, a rating agency approved by the Reserve Bank of New Zealand

Financial strength ratings may change from time to time. Contact AMP or your Adviser to confirm AMP insurers' current ratings or go to the rating agency's website at

A summary of the Standard & Poor's Financial Strength Rating Scale is as follows:

Extremely strong
financial security characteristics

Very Strong
financial security characteristics

financial security characteristics

financial security characteristics

financial security characteristics

financial security characteristics

Very weak
financial security characteristics

Extremely weak
financial security characteristics

Regulatory Supervision

SD or D
Selective Default or Default

Not rated

* Plus (+) or (-) signs following ratings from 'AA' to 'CCC' show relative standing within the major ratings categories.

Insurer Solvency information

AMP Life Limited Solvency

The Insurance (Prudential Supervision) Act 2010 requires AMP Life Limited (“AMP Life”) to maintain a solvency margin. Under an exemption granted by the Reserve Bank of New Zealand, this solvency margin is to be calculated in accordance with the Australian equivalent of the solvency requirements and for the statutory fund containing the life insurance business carried on in New Zealand (all of the New Zealand business is included in AMP Life Statutory Fund No.1).

As at 31 December 2017, the Prescribed Capital Amount (“PCA”) required to be held by AMP Life Statutory Fund No.1 under the Australian capital standards was NZ$1,102m. The capital available to meet this requirement was NZ$2,264m, which was NZ$1,162m in excess of the PCA. The Australian equivalent of the solvency margin was therefore NZ$1,162m. The available capital was 2.05 times the PCA.

The above amounts are based on unaudited returns to the Australian regulator adjusted for transfers out of AMP Life Statutory Fund No.1 effective 31 December 2017.