Media release
15 March 2024
New Zealand’s largest locally owned life insurer Fidelity Life has had its A- (Excellent) financial strength rating* affirmed by AM Best, marking 28 consecutive years since it first received the rating in 1996.
The outlook for the rating is stable.
According to AM Best, the rating reflects Fidelity Life’s very strong balance sheet, adequate operating performance, neutral business profile and appropriate enterprise risk management.
Fidelity Life Chief Financial Officer Simon Pennington says: “Life insurance is all about being there for our customers should the unexpected happen. This rating provides our customers, and their advisers, with an expert, independent view of our financial strength and ability to pay their claims.”
* Fidelity Life Assurance Company Limited has an A- (Excellent) financial strength rating from AM Best. The rating scale that this rating forms part of is available for inspection at our offices. For more information please visit Fidelity Life's financial strength web page.
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