Private Insurance companies in Ethiopia have reported their gross and net profits, earning per share and other key financial performance indicators for the 2021 / 2020 G.C (2013 E.C) budget year which ended on June 2021 G.C (ሰኔ 2013). We have compiled the insurance companies’ annual financial report for the stated year below.

Rank Company Gross Profit Net Profit Reference
1 Awash Insurance 290.38 mln 270.1 million
2 Ethiopian Re-Insurance 220.6 million 194.9 million
3 Nyala Insurance 194 million 171 million
4 United Insurance 169 million 145.1 million
5 Nib Insurance 166.8 million 148.2 million
6 Nile Insurance 158.1 million 134.1 million
7 Oromia Insurance 140.9 million 127 million
8 Abay Insurance 78.9 million 67.7 million
9 National Insurance (NICE) 62 million 59.7 million
10 Lion Insurance 59.1 million 57 million
11 Africa Insurance 45 – 75 million [e]
12 Global Insurance 46.8 million 40.4 million
13 Berhan Insurance 45.6 million 42.2 million
14 Tsehay Insurance 42.7 million 42.7 million
15 Bunna Insurance 36.2 million 34.6 million BUNNA INSURANCE  2021/2020 Profit
16 Ethio Life and General Insurance (ELiG) 22.7 million 22.7 million
17 Zemen Insurance -3.66 million -3.66 million
18 Lucy Insurance -28.6 million -28.6 million

For a more detailed report with additional data such as Assets, Paid-up Capital, Gross Premium, Earning per share (EPS), please visit the next link. –> Annual Financial Performance of Ethiopian Insurance Companies for 2021/2020 G.C (2013 E.C) budget year

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