During 2022/23 fiscal year, the company registered a gross profit of Birr 59.39 million. This profit amount is 14.43% under the targeted Birr 69.4 million profit and 31.7% over last year profit of Birr 45.08 million. The Net profit of the bank reached 57.4 million birr which raised the Earning per share (EPS) from last year’s amount of 20.13 to 26.34%.
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Bunna Insurance, one of the private insurance companies that started it’s operation 10 years ago reported that it has earned 45.8 million birr in profit before tax for the 2022/2021 G.C (2014 E.C) budget year, which is 24.36% higher than the previous year. In it’s annual general assembly meeting held recently, the company’s shareholders agreed to raise the insurance company’s capital from 200 million birr to 1 billion birr.
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Top Insurance Companies in Ethiopia Ranking for 2022/2021 G.C (2014 E.C) Budget Year in terms of Assets, Gross premiums, Capital, Profit before and after tax and Earning per share (EPS). Compare Ethiopian Insurance Companies Annual Financial Performance Report for 2022/2021 G.C (2014 E.C) fiscal year.
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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.
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Bunna Insurance has underwritten a Gross Written Premium (GWP) of 335.1 million birr which is 22% more than the target amount of 274 million birr. The company’s premium has shown an increase of 34% compared to the previous year’s amount of 249.2 million birr.
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As per the annual reports of insurance companies in Ethiopia, here is a list of the top profitable insurance companies in Ethiopia.
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During 2020/2019 budget year, Bunna Insurance has earned a net profit of 20.05 million birr which is 68% of the planned 29.62 million birr. The current year’s profit is also 28% lower than last year’s profit of Birr 27.92 million. The Earning per share (EPS) of the company has decrease from 26.96 for the 2019 / 2018 budget year to 15.96 birr for the 2020 / 2019 budget year.
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This is a list of the most profitable private insurance companies in Ethiopia as per their annual financial performance of 2019 / 2018 fiscal year.
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Bunna Insurance S.C has earned 26.8ml Br profit for the 2019 / 2018, registering a small increase of 6pc compared to last year. Bunna’s paidup capital increased to 112.6 million Br.
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In its recent report of the last financial year, Bunna’s after-tax profit climbed ten fold to reach 25.1 million Br. This led shareholders to enjoy 30pc earnings per share. The profit also enabled Bunna to have a positive reserve.
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Though Bunna Insurance, the youngest insurer, registered a remarkable profit with a 537pc...
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