A.M. Best Affirms Rating of Fidelity Investments Life and Its Subsidiary, Empire Fidelity Investments Life.OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. Life Insurance Company (Boston, MA) and its wholly-owned subsidiary, Empire Fidelity Investments Life Insurance Company (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY), collectively known as FILI FILI Frequency-Independent Lifting Index (NIOSH) . FILI is a wholly-owned subsidiary of FMR FMR Former (government official title) FMR Fair Market Rents (HUD) FMR Financial Management Regulation FMR Friends of the Mississippi River (watershed conservancy) Corp. (Boston, MA), which is the parent company of Fidelity Investments (Fidelity). The rating outlook is stable. The rating reflects FILI's consistently strong earnings, conservative financial management, superior risk-adjusted capitalization and its prudent enterprise risk management practices. In addition, FILI's asset/liability management Asset/Liability Management A technique companies employ in coordinating the management of assets and liabilities so that an adequate return may be earned. Also known as "surplus management. expertise and strong cash flows provide the company with a sound liquidity position. FILI has a strategic advantage as a solutions provider with an increasingly valuable role within Fidelity, enabling FILI to leverage the strengths of its parent, including the Fidelity brand, investment expertise and technology. Significant advantages in product marketing and distribution, for both proprietary and non-proprietary products on a low cost basis through multiple channels, are based upon FILI's expense control activities and access to both Fidelity's systems expertise and affiliated distribution resources. Partially offsetting these strengths is FILI's challenge to sustain growth in its core annuity and individual life businesses in an increasingly competitive environment, while managing the level of statutory strain associated with its recent sales growth. FILI continues to play a key role in Fidelity's retirement income planning initiative, which A.M. Best believes will mitigate these concerns. For Best's Ratings Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. , an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
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