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…
Key investments drive Fidelity earnings
The insurer said changing consumer behaviour helped drive strong growth during the year ended December 31, 2025, with customers increasingly turning to life insurance, pensions and funeral products to shield themselves from financial shocks.