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[Jan 2018] Ethiopia Insurance Company (EIC) Profit Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

Ethiopian Insurance Company (EIC) earns 700 million birr gross profit for the 2017 / 2016 fiscal year

The largest insurance firm, Ethiopian Insurance Company (EIC), grossed a record-high profit in the past fiscal year, despite all the noise surrounding the infant insurance industry of the country.

The profits of the firm have surged more than 25.2pc on the back of last year’s hike and a better return on investments.

Gross profit for the past fiscal year rose to almost 700 million Br whereas annual investment yield reached one billion Birr.

Sentayehu Woldemichael (PhD) (Left), director of Public Financial

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