Nib Insurance Company 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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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: Jan 17, 2022
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)49.510350.5005
EuroEuro(EUR)56.719057.8534
Pound SterlingPound Sterling(GBP)64.923466.2219
UAE DirhamUAE Dirham(AED)12.197312.4412
Saudi RiyalSaudi Riyal(SAR)11.939612.1784
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