The Profit before income tax for United Insurance Company (UNIC) showed a growth of 89% to reach Birr 390.7 million. Earnings per share (EPS) grew from 37% to 47.9%, showing a respectable growth. The Company’s Paid-up Capital had grown by 68%, from Birr 499.2 million to Birr 840.5 million.
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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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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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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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United Insurance Company (UNIC) has reported that it gross written premium reached 597.4 million birr for the 2020 / 2019 budget year. The company’s profit has increased by 22%. The company’s profit before tax increased to 147.8 million birr while it’s earning per share decreased from 337 birr for the 2019/2018 fiscal year to 299 birr for the current year.
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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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United Insurance Company SC (UNIC Ethiopia) has registered massive achievements in the past fiscal year with 55 percent profit growth. In its annual general assembly held at the Ethiopian Skylight Hotel on Thursday November 14, UNIC disclosed that its gross profit for the 2018/19 financial year stood at 121.2 million birr, which is one of the top in the industry.
Read MoreThe net profit of United Insurance Company (UIC) has remained the same for the third consecutive year, reaching 61.7 million Br in the recently ended fiscal year. The Firm, whose market share was constant at around five percent...
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