Ethiopian Reinsurance Company (Ethio-Re) successfully convened its 10th Annual General Meeting (AGM) and 5th Extraordinary General Meeting (EGM) on 30 December 2025 at the Hilton Addis Ababa.
The Company reported a profit before tax of Birr 616.7 million, reflecting a 45.3% year-on-year growth, supported by strong underwriting performance and increased investment income. Reinsurance service revenue grew by 34% to Birr 2.96 billion, while total assets expanded by 11% to Birr 5.22 billion.

Shareholders were also briefed on the successful completion of the Company’s key “BIG-FIVE” strategic initiatives, including the reaffirmation of AM Best’s Financial Strength Rating of “B (Fair)” for the second consecutive year and the maintenance of a national “AA(ET)” rating for the fourth consecutive year.
Among other resolutions, shareholders approved an increase in the Company’s authorized capital to Birr 5 billion, reinforcing Ethio-Re’s long-term growth and regional expansion strategy.