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.
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 |