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 |