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[Dec 2017] United Insurance (UNIC) Profit Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

United Insurance (UNIC) earns 60.8 million br net profit for 2016 / 2016 Year

United Insurance Company S.C (UNIC) has reported a stagnant net profit as earnings per share contracted and income from insurance units slumped.

The company reported a slight increase in net profits after tax by less than one percent to 60.8 million Br. However earnings per shares (EPS) declined from 384.8 Br to 312.6 Br.

UNIC’s underwriting surplus, which accounts for 66pc of its income, sank to 70.8 million Br in twelve months from 92.1 million Br a year earlier. Smaller rivals, like Lucy Insurance separately

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