[October 2024] Africa Insurance Company Latest Ethiopian News

Annual Financial Performance of Ethiopian Insurance Companies for 2021/2020 G.C (2013 E.C) budget year

Dec 26, 2021 | 1

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’ Assets, paid up capital, Gross Premiums, Gross Profit, Net Profit and EPS from their annual financial report for the stated year below.

Most profitable Ethiopian Private Insurance Companies for 2021/2020 budget year

Nov 28, 2021 | 0

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.

Top Insurance Companies in Ethiopia for 2020/2019 budget year

Jan 4, 2021 | 0

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

Africa Insurance Nets 45 million birr Profit for the 2020/2019 budget year

Dec 21, 2020 | 0

Africa Insurance, one of the first insurance companies in Ethiopia has reported that it has earned more than 45 million birr for the 2020/2019 budget year. The company reported a loss of 2.8 million birr for the previous budget year.

Africa Insurance Records 2.8 million birr loss for the 2019 / 2018 f.y

Jan 23, 2020 | 0

Ranked among the top three insurance companies two years back, Africa Insurance Company registered only the second loss in its quarter century existence.
The company registered a loss of 2.8 million Br, a drastic fall from the 59.1 million Br profit it made the preceding year. The loss translated into a huge fall in earnings per share that dropped to 16 Br from 334 Br.