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Fidelity Life Assurance’s outlook remains stable, underpinned by its robust capital position and consistent operating performance, according to an assessment by AM Best.
As of June 30 last year, the company reported its risk-adjusted capitalization at its strongest level, as indicated by AM Best’s Capital Adequacy Ratio (BCAR).
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Despite facing higher costs related to system infrastructure upgrades and the acquisition of Westpac Life-NZ-Limited, AM Best anticipates that Fidelity Life Assurance will continue to demonstrate adequate operating performance.
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In its fiscal year 2024, the company posted a return on equity of 5.9% and a net investment yield of 5.6%, with both metrics expected to remain stable in the near term.
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