April 30, 2017 2:17 PM ET

Insurance

Company Overview of Fidelity Life Assurance of Zimbabwe Limited

Company Overview

Fidelity Life Assurance of Zimbabwe Limited, together with its subsidiaries, provides life and medical insurance, asset management and advisory, and employee benefits and pension services in Zimbabwe and Malawi. The company also provides individual life assurance, medical aid, micro and business lending, residential property development, actuarial evaluations and consultancy, and funeral assurance and funeral services. Its life insurance products include whole life, endowment, educational, world soccer plan, and temple bar retirement annuity products. The company's employee benefit products comprise pension fund administration, group life assurance, group mortgage and loan protection, and gr...

Fidelity House

66 Julius Nyerere Way

Box 435

Harare,  

Zimbabwe

Founded in 1936

Phone:

263 4 750927

Fax:

263 4 751723

Key Executives for Fidelity Life Assurance of Zimbabwe Limited

Fidelity Life Assurance of Zimbabwe Limited does not have any Key Executives recorded.

Fidelity Life Assurance of Zimbabwe Limited Key Developments

Fidelity Life Assurance of Zimbabwe Limited, Annual General Meeting, Aug 29, 2016

Fidelity Life Assurance of Zimbabwe Limited, Annual General Meeting, Aug 29, 2016, at 08:00 Coordinated Universal Time. Location: 7th Floor Fidelity House 66 Julius Nyerere Way Harare Zimbabwe Agenda: To receive and adopt the financial statements and report of the directors and auditors for the financial year ended December 31, 2015; to elect directors in terms of Articles 77 and 78 of the Articles of Association of the company; to approve the remuneration of the auditors for the past audit; to approve the remuneration of the directors for the year ended 31 December 2015; to approve the retention of BDO Zimbabwe as the company's auditors until the company appoints new auditors for the year ending 31 December 2016; to approve the payment of a final dividend for the year 2015; and to transact any other business that may be transacted at an Annual General Meeting.

Fidelity Life Assurance of Zimbabwe Limited Declares Final Dividend, Payable on May 15, 2016

The Board of Directors of Fidelity Life Assurance of Zimbabwe Limited declared a final dividend of 0.5096 cents per share, payable to shareholders registered in the books of the Company at the close of business on April 22, 2016. The last day to trade cum dividend is April 15, 2016 and Dividend ex-date is April 19, 2016. Dividend payment will be made to shareholders on or about May 15, 2016.

Fidelity Life Assurance of Zimbabwe Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2015

Fidelity Life Assurance of Zimbabwe Limited announced audited consolidated earnings results for the year ended December 31, 2015. For the year, the company reported gross written premiums of USD 17,203,335 compared to USD 16,558,903 a year ago. Net premiums earned were USD 16,623,035 compared to USD 16,130,553 a year ago. Total revenue was USD 52,111,378 compared to USD 38,287,002 a year ago. Profit from operations was USD 9,073,097 compared to USD 6,449,910 a year ago. Profit before tax was USD 8,580,310 compared to USD 5,814,525 a year ago. Profit from continuing operations after tax was USD 5,152,677 compared to USD 4,769,458 a year ago. Profit for the year was USD 5,152,677 compared to USD 5,047,426 a year ago. Profit for the year attributable to owners of the parent was USD 5,108,708 or 4.73 cents per share basic and diluted against USD 4,982,250 or 4.78 cents per share basic and diluted a year ago. Headline earnings per share were 4.74 cents against 4.75 cents a year ago. Net cash used in operating activities was USD 11,019,842 compared to net cash from operating activities of USD 9,353,298 a year ago. Headline earnings were USD 5,120,606 compared to USD 4,950,092 a year ago.

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