Annual reports
Annual reports pdf (downloadable)
Annual reports pdf (downloadable)
Particulars |
30-Jun-17 |
30-Jun-18 |
30-Jun-19 |
30-Jun-20 |
30-Jun-21 |
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Gross Written premium |
519,492,036 |
661,492,036 |
698,731,889 |
874,792,139 |
1,140,252,241 |
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Net Earned premium |
275,603,118 |
553,215,505 |
595,190,800 |
636,193,706 |
722,943,186 |
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Claims paid |
85,838,205 |
222,443,033 |
531,730,721 |
218,397,038 |
298,859,688 |
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Net Claims Incurred |
184,370,954 |
334,861,527 |
328,871,670 |
335,747,361 |
334,494,895 |
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Cedant Acquisition Cost |
72,560,459 |
150,858,664 |
176,921,938 |
195,122,339 |
228,278,790 |
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Operating and other expenses |
11,383,482 |
22,064,915 |
32,835,092 |
48,041,700 |
95,156,989 |
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Net investment income |
34,275,736 |
66,855,862 |
102,716,146 |
129,154,859 |
155,452,833 |
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Profit before tax |
(5,549,447) |
78,631,836 |
144,499,203 |
186,437,166 |
220,465,345 |
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Ratios |
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Net Claims ratio |
66.90% |
60.53% |
55.25% |
52.77% |
46.27% |
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Net Commission ratio |
26.33% |
27.27% |
29.73% |
30.67% |
31.58% |
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Expenses ratio |
4.13% |
3.99% |
5.52% |
7.55% |
13.16% |
NB: Currency: Ethiopian Birr.