Tsehay insurance has reported that it has earned 33.6 million birr net profit for the 2019 / 2018 fiscal year. The net profit has showed an increase of 13% compared to last year. The insurance company’s total claims have reached a whooping 212.3 million birr out of which 173.2 million birr in for motor and vehicle related claims.

The company’s paid up capital has reached 110.6 million birr while the total assets have increased by 102.3 and is currently 599 million birr.

Tsehay insurance has currently paid 18 million birr for a piece of land where it plans build it’s head office on.

The insurance company intends to increase it’s paid up capital since the company wants to start providing life insurance services, build it’s head quarter, own a vehicle recovery yard and connect it’s branches using latest technology.

Tsehay insurance currently has 213 employees and 23 branches.