While it has been a few months since the last budget year closed (June/July  2018 – June/July 2019 / ሐምሌ 2010 – ሰኔ 2011), not all private insurance companies have disclosed their financial statements. The following is Ethiopian Insurance companies profit before and after tax for the 2019 / 2018 fiscal year. While most of the figures below are verified figures, it should be noted that these values might change a bit when the actual audited results are released.

  • Insurance companies for which we have specified ‘Net Profit / Earning in ETB’ values are verified from the respective company’s financial report
  • Insurance companies for which we have specified ‘Gross Profit’ but not the ‘Net Profit’ values are verified from other sources but will be updated soon when the companies release their financial information
  • Figures which have are shown as ranges between two numbers (x – y) are estimates
Rank Bank Gross Profit / Earning
in ETB
Net Profit / Earning
in ETB
Reference
1. Nyala Insurance 184.3 million
2. Awash Insurance Company 176.2 million 160.3 million
3. Nile Insurance 129 million 110 million
4. Hibret / United Insurance 121.2 million
5. Nib Insurance Company 113.2 million
6. Oromia Insurance Company 92.3 million 87.1 million
7. National Insurance Company of Ethiopia (NICE) 60 – 120 million
8. Africa Insurance Company 60 – 120 million
9. Anbessa / Lion Insurance Company 50 – 100 million
10. Abay Insurance 50 – 100 million
11. Global Insurance Company 30 – 60 million
12. Bunna Insurance 28 – 30 million 26.8 million
13. Berhan Insurance 25.5 million
14. Tsehay Insurance 35.3 million 33.2 million
15. Ethio Life and General Insurance 5 – 30 million
16. Lucy Insurance 6.2 million 6.2 million