11 November 2003
Sovereign Rated “A” For Excellent
Positive Outlook for Sovereign from AM Best
Sovereign has been awarded a financial strength rating of A (Excellent) with a “positive outlook” by AM Best, the
world’s oldest and most authoritative insurance rating information source.
“The ‘positive outlook’ attributed to Sovereign by AM Best reflects the solid year of growth Sovereign has achieved in a
difficult market and is an indication of another very strong year to come,” says Simon Swanson, Managing Director,
“The rating assures our customers, advisers and their clients that Sovereign is one of the most robust financial service
providers in New Zealand. We are proud to be consistently considered one of this country’s top rated companies,
particularly by such an authoritative global source.
“Under the challenging market conditions over the last few years, Sovereign has been working hard to retain and grow its
leadership position in the financial services market over the period.
“Sovereign has a strong focus on delivering value, security and quality financial products to New Zealanders, while
ensuring the highest levels of service continue to be provided” he says.
Ends. Background information follows.
Note: This media release is available at www.sovereign.co.nz
Sovereign is New Zealand’s largest life insurance company, its largest home-loan lender outside the five major trading
banks, and fifth largest investment company. We meet the financial service needs of over half a million customers. More
information on Sovereign can be found at www.sovereign.co.nz
BACKGROUND INFORMATION – AM Best Company
11 November 2003
A.M. Best Company is the leading provider of ratings, news, data and financial information on the insurance industry
A Best's Financial Strength Rating is an independent opinion, based on a comprehensive quantitative and qualitative
evaluation, of a company's balance sheet strength, operating performance and business profile.
A Best's Financial Strength Rating (FSR) is an opinion of an insurer's ability to meet its obligations to policyholders.