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 52 years on solid, conservative values.

Income Statement

Another solid year for FSL, thanks to healthy growth in premium income and strong underwriting results.

Financial Highlights

FSL enjoyed another strong year in 2020. Total Premium (direct and assumed) showed healthy growth, and underwriting profits were strong, resulting in Net Income Before Taxes that was the second-highest in Company history. This allowed FSL to grow its Capital & Surplus account by another 10%.

Category	ONE YEAR	FIVE YEARS
Capital & Surplus	+10.1%	+73.7%
Assets	+0.2%	+9.8%
Direct & Assumed Premium	+7.0%	+50.4%
Net Income Before Tax	+11.6%	+20.5%

_{Fiscal 2020 Results}

Dollars in Millions
2016	$187
2017	$204
2018	$242
2019	$267
2020	$293
2021	$309

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Capital & Surplus

FSL’s Capital & Surplus broke the $300 million threshold for the first time in 2021, pacing to $309.9 million at year-end, an increase of 5.6%. The company has more than doubled this account in the last seven years. Overall, 2021 was the 21st consecutive year of Capital & Surplus growth. FSL has now recorded gains in 51 of 53 years of its existence.

Dollars in Millions
2016	$904
2017	$981
2018	$1,033
2019	$980
2020	$982
2021	$1006

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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, FSL’s Assets have grow by 43% over the past 10 years.

Dollars in Millions
2016	$881
2017	$936
2018	$1,027
2019	$1,126
2020	$1,205
2021	$1,331

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Direct & Assumed Premium

Direct & Assumed Premium continued to grow at a healthy clip for 2021, rising 10.5% to $1.33 billion. Over the last five years, this calculation of FLS's total premium generation has expanded by $451 million, or 51.2%.

Annual Report

For more insight into Fidelity's 2021 achievements, request our Annual Report.

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