Under APRA’s Prudential Standard GPS 110 ‘Capital Adequacy’, PetSure is required to publish, at least annually, readily accessible information about our capital adequacy position for both policy owners and market participants. The following information fulfils this requirement for the general insurer PetSure (Australia) Pty Ltd and the Level 2 Insurance Group PetSure Holding Pty Ltd.
The calculations have been compiled based on audited information supplied to APRA as at 30 June 2023.
PetSure |
PetSure |
|
|---|---|---|
Capital Base |
||
Common Equity Tier 1 Capital |
70,964 |
75,346 |
Additional Tier 1 Capital |
– |
– |
Tier 2 Capital |
– |
– |
Regulatory Adjustments to Common Equity Tier 1 Capital |
(11,485) |
(12,718) |
Regulatory Adjustments to Additional Tier 1 Capital |
– |
– |
Regulatory Adjustments to Tier 2 Capital |
– |
– |
Capital Base |
59,479 |
62,628 |
Prescribed Capital Amount |
||
|---|---|---|
Insurance Risk Charge |
172 |
172 |
Insurance Concentration Risk Charge |
0 | 0 |
Asset Risk Charge |
2,318 |
3,922 |
Asset Concentration Risk Charge |
5,589 |
2,540 |
Operational Risk Charge |
101 |
101 |
less: Aggregation benefit |
(132) |
(134) |
Adjustment approved by APRA |
– |
– |
Prescribed Capital Amount |
8,049 |
6,601 |
Capital Adequacy Multiple |
||
|---|---|---|
Capital Base |
59,479 |
62,628 |
Prescribed Capital Amount |
8,049 |
6,601 |
Capital Adequacy Multiple |
7.4 |
9.5 |