- Fidelity Life posted a 14% rise in after-tax profit to USD6.0 million for the half year ended 30 June 2025, up from USD5.2 million in the prior period
- Profit was anchored by a 45% jump in the insurance service result to USD2.9 million, strong performance in the individual life segment, and investment income of USD6.5 million, largely from Malawi operations
- The Group is leveraging AI and digitalisation, expanding its footprint through mobile booths and funeral parlours, and developing microinsurance and investment-linked products to strengthen future growth
Harare - Diversified ZSE-listed insurer Fidelity Life Assurance of Zimbabwe (FLA) has posted a 14% increase in after-tax profit of USD6.0 million for the six months ended 30 June 2025 from from USD5.2 million in the same period last year.
The results were anchored by solid growth in the individual life segment and significant investment income from equity investments in the Malawi operation.
‘’ The strong performance was on the back of strong insurance service result coupled by significant investment income from equity investments from the Malawi operation,’’ Group managing director Reginald Chihota said.
Insurance contract revenue increased 5% to USD8.6 million, reflecting resilience in the sector amid economic uncertainty.
The insurance service result recorded a notable improvement, closing the half-year at USD2.9 million a 45% increase compared to USD2.0 million in June 2024 , underpinned by effective claims management and cost containment measures implemented across the Group.
The Group’s investment portfolio also contributed significantly, with net investment income rising to US$6.5 million, up from US$5.7 million in the prior period.
Key drivers included gains from equity instruments, fair value adjustments to investment properties, and increased interest revenue.
Meanwhile Fidelity life leveraged artificial intelligence and technology to enhance efficiency and reduce operational costs.
The Group expanded its footprint through low-cost mobile one-stop-shop booths in high-traffic informal sector areas and opened funeral service parlours in satellite towns. These initiatives complement traditional agency channels while improving access to insurance services across Zimbabwe.
Looking ahead , FLA remains optimistic focusing on market expansion, innovation, and digitalization with plans include the development of new microinsurance products, expansion of invest-linked offerings, and strengthening financial literacy programs for underserved communities.
Fidelity Life, Zimbabwe insurance, half year results 2025, profit growth, investment income, Malawi operations, insurance service result, digitalisation, microinsurance, financial inclusion
