Lucy Insurance Latest Ethiopian News

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

Most private insurance companies in Ethiopia have reported their annual financial report for the 2021/2020 G.C (2013 E.C) budget year which ended on June 30, 2021 G.C (ሰኔ 2013). We compiled their annual report and have also estimated data for remaining insurance companies by carefully analyzing previous year growth, current year’s performance as well as other key factors. The following table will be adjusted whenever new and verified information is available.

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

A number of private insurance companies in Ethiopia have reported their unaudited gross profits for the 2021 / 2020 G.C (2013 E.C) budget year which ended on June 30, 2021 G.C (ሰኔ 2013). We have estimated the profit of the remaining insurance companies by carefully analyzing previous year growth, current year’s performance as well as other key factors. The following table will be adjusted whenever new and verified information is available.

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Lucy Insurance Earns 9.5ml birr net profit for 2020/2019 f.y

Lucy Insurance reversed the profit decline it faced two years ago and netted 9.5 million Br in profits over the last fiscal year, a 51pc growth from the previous year. Its earnings per share (EPS) have also risen by 47pc to 75 Br.

Two years ago, the firm’s profit and EPS dwindled due to stagnant gross written premium, an increase in commission payments, a surge in claims and rising expenses. During the period in question, Lucy’s profits dropped by almost 20 million Br to 6.3 million Br.

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Products and Services in Ethiopia

Date: Jun 27, 2022
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)51.938752.9775
EuroEuro(EUR)54.748655.8436
Pound SterlingPound Sterling(GBP)61.019762.2401
UAE DirhamUAE Dirham(AED)12.795613.0515
Saudi RiyalSaudi Riyal(SAR)12.525812.7763
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