Fidelity Life revenue dips

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 of Zimbabwe’s insurance contract revenue declined four percent to US$8,3 million in the six months to June 30, 2026, from US$8,6 million a year earlier, amid slower-than-anticipated conversion of new business. Zimbabwe remained the group’s largest contributor, gen­erating US$5,8 million or 71 percent of total revenue, while Malawi contributed US$2,4 million. Fidelity…

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