ETHIO-RE IN FIGURES (FINANCIAL HIGHLIGHTS)
Particulars 2019/20 2018/19 2017/18 2016/17
Gross Written Premium               874,792,139 698,731,889 661,492,036 519,787,502
         
Net Earned premium               636,193,706 595,190,800 553,215,504 275,603,118
Gross Claims paid               206,158,050 521,058,526 222,443,033 85,838,205
Net Claims Incurred               335,747,361 328,871,670 334,861,527 184,370,954
Cedant Acquisition Cost               189,320,325 176,921,938 150,858,664 72,560,459
Operating and other expenses                  48,041,700 32,835,092 22,064,915 11,383,482
Net investment income               129,154,859 102,714,643 66,855,862 34,275,736
Profit before tax               186,437,166 144,499,205 78,631,836 -5,549,447
Commission income             34,083,373       22,254,953          4,786,581 478,020
Ratios
Net Claims ratio 52.77% 55.25% 60.53% 66.90%
Net Commission ratio 29.76% 29.73% 27.27% 26.33%
Opertating and Other Expenses ratio 7.55% 5.52% 3.99% 4.13%
Combined ratio 90.08% 90.50% 91.79% 97.36%
Earnings per share (EPS) 2129.46 2,135.06 1,515.00  
Paid up capital               787,620,509 607,168,354 519,450,000 518,900,000
 
NB: Currency: Ethiopian Birr.