Lucy Insurance Latest Ethiopian News


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 11, 2021
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)43.332444.1990
Pound SterlingPound Sterling(GBP)61.085762.3074
UAE DirhamUAE Dirham(AED)11.795912.0318
Saudi RiyalSaudi Riyal(SAR)11.553811.7849
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