Ethiopian Insurance Companies Profit Latest News

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Global Insurance Company Earns 85.3mln br Profit for 2023/2022 budget year

Global Insurance Company’s (Ethiopia) profit before tax for 2023/2022 fiscal year stood at 85.3 million birr while it’s net profit reached 67.1 million birr, increasing by 19 million birr. The earning per share (EPS) showed a small increment increasing from 145 to 150. The company managed to increase it’s assets to 821.1 million birr. Global Insurance Company’s paid up capital reached 196 million birr.

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Bunna Insurance Earns 45.8mln birr for 2022/2021 G.C (2014 E.C) budget year, Raises Capital to 1bln Birr

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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Best Insurance Companies in Ethiopia for 2022/2021 Budget Year

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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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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Products and Services in Ethiopia

Date: Apr 19, 2023
Currency (Code) Buying Rate Selling Rate
US DollarUS Dollar(USD)54.067955.1493
EuroEuro(EUR)59.344960.5318
Pound SterlingPound Sterling(GBP)64.213165.4974
UAE DirhamUAE Dirham(AED)13.323413.5899
Saudi RiyalSaudi Riyal(SAR)13.045613.3065
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