ETHIO-RE IN FIGURES (FINANCIAL HIGHLIGHTS)

PARTICULARS 2018/19  2017/18

2016/17

Gross Written premium 698,731,889 661,492,036 519,787,502
Net Earned premium 595,190,800 553,215,505 275,603,118
Gross Claims paid 247,762,322 222,443,033 85,838,205
Net Claims Incurred 328,871,670 334,861,527 184,370,954
Cedant Acquisition Cost 213,955,932 189,304,170 120,151,885
commission income  22,254,952 4,786,581
Operating and other expenses 32,835,092 22,064,915 14,952,230
Net investment income 102,716,146 66,860,362 51,254,935
Profit before tax  144,499,205 78,631,836 7,861,004

Ratios

Net Claims Ratio 55.3% 60.5% 66.90%
Net Commission ratio 32.2% 33.4% 43.60%
Opertating and Other Expenses ratio 5.5% 4.0% 5.43%
Combined ratio 96.7% 98.7% 115.92%
Earnings per share (EPS) 2,142 1,515 152
Paid up capital 607,168,354 519,450,000 518,900,000
  NB: Currency: Ethiopian Birr.