Fidelity profit rises by 1 000%

FIDELITY Life Assurance Zimbabwe registered a huge jump of nearly 1 000% in profit after tax to ZWL$101,13 billion in the year ended December 31, 2023, buoyed by huge increases in revenues.

In the comparative period, the company registered a profit after tax of slightly over ZWL$1 billion.

In its latest financial results for the year ended December 31, 2023, Fidelity chairman Livingstone Gwata said the group’s insurance contract revenue stood at ZWL$116,6 billion at the end of the period under review, up 242% from 2022.

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