Awash Insurance S.C Latest Ethiopian News

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

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.

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Awash Insurance Earns 209 million birr net Profit for 2020 / 2019 f.y

Awash Insurance, which celebrated its silver jubilee, has managed to boost its net profit by 31pc to 209.8 million Br during the past fiscal year. The firm also managed to reverse the decline in shareholder return.

Two years ago, Awash’s earnings per share (EPS) slipped by 17pc despite the increase in profits; however, the return for its 1,384 shareholders has registered a marginal rise in the last fiscal year by 5.3pc to 200 Br. Yet the EPS is still lower than that of two years ago, which reached 230 Br.

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Products and Services in Ethiopia

Date: Nov 23, 2022
Currency (Code) Buying Rate Selling Rate
US DollarUS Dollar(USD)53.000054.0600
EuroEuro(EUR)54.473455.5629
Pound SterlingPound Sterling(GBP)60.009161.2093
UAE DirhamUAE Dirham(AED)13.058413.3196
Saudi RiyalSaudi Riyal(SAR)12.761813.0170
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