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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.
The numbers tell the story of a highly capitalized company that's been built over 55 years on solid, conservative values.
With another banner year in the books, FSL continued to demonstrate steady growth in 2023.
Growth in Total Premium (direct and assumed) of 9.6% coupled with disciplined expense control allowed FSL to record another solid year and strengthen its capital & surplus foundation by 6.4%.
$242
$267
$293
$310
$327
$348
$350
$325
$300
$275
$225
$0
FSL’s Capital & Surplus totaled $348 million at the close of 2023, an increase of 6.4%. Over the past five years this ultimate measure of policyholder security has grown at an annual compound rate of 7.5%.
$1,033
$980
$982
$1,006
$1,032
$1,013
$1,050
$1,000
$950
$900
$850
$800
$750
$700
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. Taking a longer-term perspective, the measure has increased by $475 million in the past 15 years.
$1,027
$1,126
$1,205
$1,331
$1,429
$1,566
$1,600
$1,500
$1,400
$1,300
$1,200
$1,100
$1000
Direct & Assumed Premium rose sharply again in 2023, up 9.6% to $1.6 billion. Since 2018, Direct & Assumed Premium has grown by $539 million. Continued strong growth in Fidelity’s Specialty Benefits unit pushed premium levels higher last year. The Life Solutions strategic business unit also contributed.
For more insight into Fidelity's 2023 achievements, request our Annual Report.
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