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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Nib Insurance managed to earn 172.9 million birr gross profit after collecting a gross written premium of 709.4 million birr for the 2022/2011 budget year. Compared to the previous year, the company gross written premium grew by 24% while the company’s profit grew by 6.1 million birr or by 3.7%.
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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’ annual financial report for the stated year below.
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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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As per the annual reports of insurance companies in Ethiopia, here is a list of the top profitable insurance companies in Ethiopia.
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This is a list of the most profitable private insurance companies in Ethiopia as per their annual financial performance of 2019 / 2018 fiscal year.
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Nib Insurance has reported that it has earned a gross profit of 113.2 million birr. The company reported that this year’s profit is the highest profit recorded in it’s 17 years of operation.
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Nib Insurance reverses the two-year trend of low profits, registering a 15pc profit rise to 58.2...
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| Currency (Code) | Buying Rate | Selling Rate |
|---|---|---|
 US Dollar(USD) | 57.4895 | 58.6393 |
 Euro(EUR) | 62.3359 | 63.5826 |
 Pound Sterling(GBP) | 70.6759 | 72.0894 |
 UAE Dirham(AED) | 14.1646 | 14.4479 |
 Saudi Riyal(SAR) | 13.8682 | 14.1456 |
