Fidelity profit doubles on expansion

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FIDELITY Life Assurance’s profit for the three months to March 31, 2026, reached US$2,95 million from US$1,38 million in the comparable period last year, driven by higher insurance contract revenue, investment income and improved cost management. Insurance contract revenue in the Life and Pensions business rose 15 percent to US$3,87 million, while funeral services revenue…