On 9 November 2009, the insurer financial strength rating assigned to The National Mutual Life Association of Australasia Limited (incorporated in Victoria, Australia) (trading as AXA New Zealand) (“NMLA”) by Standard
& Poor’s Ratings Services, under the Insurance Companies (Ratings and Inspections) Act 1994, was downgraded from “AA” to “A+”.
The Standard & Poor’s outlook for NMLA is stable and this reflects NMLA’s stand alone earnings profile and market position.
It also takes into account Standard & Poor’s expectations of a continued strong business and financial position amid stable and supportive life insurance fundamentals in the local markets.
Enquiries May be Directed to: NMLA, 80 The Terrace, Wellington. Telephone: 0800 ASK AXA (0800 275 292). Email: askaxa@axa.co.nz