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. | Anbessa / Lion Insurance Company | 50 – 100 million | ||
9. | Abay Insurance | 50 – 100 million | ||
10. | Global Insurance Company | 30 – 60 million | ||
11. | Bunna Insurance | 28 – 30 million | 26.8 million | |
12. | Berhan Insurance | 25.5 million | ||
13. | Tsehay Insurance | 35.3 million | 33.2 million | |
14. | Ethio Life and General Insurance | 5 – 30 million | ||
15. | Lucy Insurance | 6.2 million | 6.2 million | |
16. | Africa Insurance Company | -2.8 million |