Fidelity Life has rating confirmed

“This excellent financial strength rating again reflects a consistent show of confidence in Fidelity Life, which has continued for close to two decades.  A.M. Best has also declared our long-term outlook as stable, which provides continuing confidence for our customers,” Fidelity Life chief executive Milton Jennings says.

The affirmations reflect Fidelity Life’s adequate risk-based capitalisation, favourable liquidity position and consistent operating results.

AM Best says the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of Fidelity Life both have "stable" outlook.

The affirmations reflect Fidelity Life's adequate risk-based capitalisation, favourable liquidity position and consistent operating results, the agency says.

"Fidelity Life continues to maintain an adequate level of capitalisation to support its risk profile, as measured by Best's Capital Adequacy Ratio (BCAR). The operation also maintains excellent liquidity to meet its obligations, backed by both positive operating cash flows and favourable liquidity ratios. Over the past five years, net profits have been consistently positive.