Key investments drive Fidelity earnings

FIDELITY Life Assurance of Zimbabwe is broadening its product portfolio to reduce reli­ance on its Vaka Yako plan, as elevated claims contributed to a sharp decline in half-year earnings.

FIDELITY Life Assurance (Fidelity) has reported a profit of US$6,4 million for the year ended December 31, 2024, up 178 percent from prior year levels of US$2,3 million largely driven by investment income and insurance contracts revenue.Net investment income grew 54 percent to US$9,1 million in 2024 from US$5,9 million recorded prior year, driving overall…

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