AM Best Upgrades Credit Ratings of Fidvest US LLC

Captive insurer receives higher financial strength and issuer credit ratings.

Apr. 8, 2026 at 7:56pm

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An extreme close-up of the complex, industrial machinery of a bank vault door, conveying the secure and robust nature of the financial industry without using any text or symbols.The upgraded credit ratings for Fidvest US LLC reflect the captive insurer's strengthened financial position and ability to support its parent company, Fidelity Investments.Charleston Today

AM Best, a global credit rating agency, has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to 'a' (Excellent) from 'a-' (Excellent) for Fidvest US LLC, a captive insurance company wholly owned by FMR LLC, the parent company of Fidelity Investments. The ratings reflect Fidvest's very strong balance sheet, adequate operating performance, limited business profile, and appropriate enterprise risk management.

Why it matters

The upgrade in Fidvest's credit ratings signals improved financial stability and underwriting performance for the captive insurer, which provides coverage for its parent company FMR LLC. This is an important development for Fidelity Investments, as it indicates the captive's ability to effectively manage risks and support the larger financial services organization.

The details

AM Best cited several factors for the ratings upgrade, including Fidvest's continued improvement in operating performance since 2021, its very strong balance sheet strength, and conservative investment risk profile. The ratings also consider Fidvest's limited business profile as a pure captive insurer, as well as its appropriate enterprise risk management framework as part of the FMR organization.

  • Fidvest's ratings were upgraded on April 8, 2026.

The players

Fidvest US LLC

A captive insurance company wholly owned by FMR LLC, the parent company of Fidelity Investments.

FMR LLC

The parent company of Fidelity Investments, a large and diversified financial services organization.

AM Best

A global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry.

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The takeaway

The upgrade in Fidvest's credit ratings demonstrates the captive insurer's ability to effectively manage risks and support its parent company, Fidelity Investments, through improved financial stability and underwriting performance. This is a positive development for the larger financial services organization.