Highlights of 2017/18 (First Six Months)

As at 31st December, 2017

Gross Written premium

400,645,047

 Net Earned premium

       260,872,810

Net claims incurred with IBNR

       139,944,398

Net Commission Expense

         84,288,150

Management Expense

           4,001,320

General & Admin. Exp.

           3,610,289

Ratios

 

Net Claims ratio

53.64%

Net Commission ratio

32.31%

Expenses ratio

2.92%

Combined ratio

88.87%

NB: Currency: Ethiopian Birr.