Lumley is a business division of IAG New Zealand Limited (IAG). IAG has received a financial strength rating of AA from Standard & Poor's (Australia) Pty Ltd, an approved rating agency. A rating of AA means IAG has a 'very strong' claims-paying ability, as you can see in the scale below.
AAA
(Extremely Strong)
AA
(Very Strong)
A
(Strong)
BBB
(Good)
BB
(Marginal)
CCC
(Very Weak)
CC
(Extremely Weak)
SD
(Selective Default)
D
(Default)
The ratings from "AA" to "CCC" may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.
The rating scale above is in summary form. A full description of this rating scale can be obtained from www.standardandpoors.com.