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United Insurance Company SC (UNIC Ethiopia) has registered massive achievements in the past fiscal year with 55 percent profit growth. In its annual general assembly held at the Ethiopian Skylight Hotel on Thursday November 14, UNIC disclosed that its gross profit for the 2018/19 financial year stood at 121.2 million birr, which is one of the top in the industry.
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The 18th insurance firm, Zemen, is in the last stage of joining the insurance industry, only waiting for final approval from the National Bank of Ethiopia.
Zemen has finalised the formation process by 926 shareholders, who raised 81.5 million Br in paid-up capital from the subscribed capital of 114.6 million Br.
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Africa Insurance Company earned over 71 million Birr Profit in 2018/2017 fiscal year. The total...
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Oromia Insurance Company (OIC) has registered close to 150 percent higher gross profit this past...
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One of the younger insurance firms, Lucy Insurance Company, has reported a 26 million Br net...
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Global Insurance Company improved its profit bottom line to 21.4 million Br, a 15pc increase from...
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Awash Insurance has recovered from its profit decline, registering 128.7 million Br in profits...
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Oromia Insurance Company (OIC) reversed the profit decline history by registering a 20pc profit...
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Global Insurance Company has shown a significant decline in its net profits and shareholders’...
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Though Bunna Insurance, the youngest insurer, registered a remarkable profit with a 537pc...
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