As per the annual reports of insurance companies in Ethiopia, here is a list of the top profitable insurance companies in Ethiopia.

Rank Company Gross Profit Net Profit Reference
1 Awash Insurance 209 million
2 Ethiopian Re-Insurance 186.4 million
3 Nib Insurance 163 million
4 Nyala Insurance 149.3 million
5 United Insurance 147.8 million 124.2 million
6 Nile Insurance 128.8 million 111.2 million
7 Abay Insurance 74.8 million 63 million
8 Oromia Insurance 74.2 million
9 Lion Insurance 53 million 51.8 million
10 National Insurance (NICE) 50.2 million 45.4 million
11 Africa Insurance 58 million 45 million
12 Global Insurance 43.2 million 36.5 million
13 Tsehay Insurance 30.2 million
14 Berhan Insurance 33.7 million
15 Bunna Insurance 20 million 20 million
16 Zemen Insurance 18.3 million 18.3 million
17 Ethio Life and General Insurance (ELiG) 10.9 million 8.64 million
18 Lucy Insurance 9.4 million 9.4 million