Nib Insurance Company Profit Latest Ethiopian News

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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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Nib Insurance Nets 145ml br profit for 2020/2019 budget year

Nib Insurance, an 18-year-old firm, registered a remarkable leap in profit growth last fiscal year, netting 145.2 million Br, a 38.8pc increase from the previous year.

The massive expansion in profit pushed Nib’s earnings per share (EPS), net profit divided by the total outstanding shares, to grow by eight percent to 177 Br.

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Products and Services in Ethiopia

Date: Dec 07, 2021
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)48.100249.0622
EuroEuro(EUR)54.396555.4844
Pound SterlingPound Sterling(GBP)60.993462.2133
UAE DirhamUAE Dirham(AED)11.849912.0869
Saudi RiyalSaudi Riyal(SAR)11.603511.8356
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