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Zimbabwe’s Fidelity Life Assurance reports 135% profit increase in first half

Zimre Holdings CEO Stan Kudenga (centre) (Picture via Facebook - Fidelity Life Assurance of Zimbabwe)

Zimbabwe-based Fidelity Life Assurance (FLA) has announced a 135% profit increase to US$5.2 million for the six months ending June 30, 2024, driven by growth in insurance contract revenue, low insurance service expenses, and fair value gains from its property portfolio.

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