AM Best has placed under review with positive implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Fidelity Life Assurance Company Limited (Fidelity Life Assurance) (New Zealand).

The Credit Rating (rating) actions follow the announcement on 3 September 2026, that Partners Group Holdings Limited, a wholly owned New Zealand subsidiary of Daiichi Life Group, Inc. [TSE: 8750], has entered into a share purchase agreement to acquire Fidelity Life Assurance. The transaction, which is subject to required regulatory approvals and other completion requirements, is expected to be completed in 2027.

The ratings will remain under review with positive implications pending the completion of the transaction and AM Best’s review of Fidelity Life Assurance’s credit rating fundamentals post-acquisition, including any potential rating enhancement that could arise from the change in ownership.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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