ETHIO-RE IN FIGURES (FINANCIAL HIGHLIGHTS)

Particulars

30-Jun-18

30-Jun-17

Gross Written premium

661,492,035.50

519,787,502.00

Net Earned premium

553,215,504.00

275,603,117.57

Gross Claims paid

222,443,033.41

85,838,205.00

Net Claims Incurred

334,861,527.37

184,370,954.00

Cedant Acquisition Cost

189,304,169.82

120,151,885.00

Operating and other expenses

22,064,914.81

14,952,230.00

Net investment income

66,855,861.98

51,254,935.00

Profit

78,641,206.84

7,861,004.46

Ratios

Net Claims ratio

60.53%

66.90%

Net Commission ratio

34.22%

43.60%

Opertating and Other Expenses ratio

3.99%

5.43%

Combined ratio

98.74%

115.92%

Earnings per share (EPS)

1,514.88

151.93

NB: Currency: Ethiopian Birr.