Performance

Companies define performance in a variety of ways. At FSL, performance is determined by consistently and reliably meeting the needs of our partners, policyholders, and associates, which translates into financial success.

Balance Sheet

The numbers tell the story of a highly capitalized company that's been built over 54 years on solid, conservative values.

Income Statement

With another banner year in the books, FSL continued to demonstrate steady growth in 2022.

Financial Highlights

Growth in Total Premium (direct and assumed) of 7.4% coupled with disciplined expense control allowed FSL to record another solid year and strengthen its capital & surplus foundation by more than 5.5%.

Category	ONE YEAR	FIVE YEARS
Capital & Surplus	+5.5%	+60%
Assets	+2.5%	+5.2%
Direct & Assumed Premium	+7.4%	+52.7%
Net Income Before Tax	+13.4%	-3.0%

_{Fiscal 2022 Results}

Dollars in Millions
2017	$204
2018	$242
2019	$267
2020	$293
2021	$310
2022	$327

$325

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$275

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$0

Capital & Surplus

FSL’s Capital & Surplus totaled $327 million at the close of 2022, an increase of 5.5%. Over the past five years this ultimate measure of policyholder security has grown at an annual compound rate just shy of 10%.

Dollars in Millions
2017	$981
2018	$1,033
2019	$980
2020	$982
2021	$1,006
2022	$1,032

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$950

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Assets

FSL has never been an asset-heavy company, and over the last five years, this account has hovered in a narrow range right around the $1 billion mark. Last year, Assets grew slightly to again push the total above $1 billion. Taking a longer-term perspective, the measure has increased by $544 million in the past 15 years.

Dollars in Millions
2017	$936
2018	$1,027
2019	$1,126
2020	$1,205
2021	$1,331
2022	$1,429

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Direct & Assumed Premium

Direct & Assumed Premium continued to grow at a healthy clip for 2022, rising 7.4% to $1.4 billion, an increase of $98 million. The last six years of D&A has grown at a compound annual rate of 8.8%. Another positive uptick over time!

Annual Report

For more insight into Fidelity's 2022 achievements, request our Annual Report.

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