Ratio of an organization’s admitted assets to liabilities, per their statutory accounts, as of the end of the reporting period.
Organizations should footnote details about their admitted assets. See usage guidance for further information.
This metric is intended to capture the financial strength of an insurance program (as a ‘cover ratio’ would for international insurers). This metric is not intended to refer to Solvency I or II rules.
The Insurance Information Institute, applicable in the United States, defines admitted assets as those “that can be easily sold in the event of liquidation or borrowed against, and receivables for which payment can be reasonably anticipated.” In the absence of a regulatory definition of admitted assets applicable to their context, organizations should include in this metric higher-quality assets that can easily be liquidated.
For more detail and guidance on interpretation, see the Microinsurance Network’s Performance Indicators for Microinsurance (2nd Edition), p. 49 (https://www.social-protection.org/gimi/ShowRessource.action?id=5270/).
June 2022 - IRIS v5.3 Released (current version)
Immaterial change. Minor revisions to definition and usage guidance for clarity.
January 2020 - IRIS v5.1 Released
No change.
May 2019 - IRIS v5.0 Released
No change.
March 2016 - IRIS v4.0 Released
Immaterial change. Metric definition language modified to improve accuracy.
March 2014 - IRIS v3.0 Released
New metric. Solvency Ratio (FP6152) was developed via the IRIS Taxonomy Group.
IRIS Metrics Work Better in Sets
To use IRIS metrics—and the resulting data—to understand impact performance, IRIS metrics should be used and analyzed in generally accepted sets and according to well-defined objectives. IRIS+ gives you access to generally accepted Core Metrics Sets aligned to common Impact Themes and Sustainable Development Goals (SDGs).