Ethiopian Insurance Corporation (EIC), a state owned enterprise, reported 203.5 million birr profit during the first quarter of the fiscal year, Walta Information Center reported.
The companies earning includes general and life insurance services as well as other investments, according to Fikru Tsehaye, EIC’s Marketing and Strategic Management Directorate Team Leader.
The Ethiopian Insurance Corporation (EIC) announced a pre-tax profit of over Birr 1.6 billion for the 2023/24 fiscal year. The corporation revealed its achievement during its 37th annual meeting with senior management.
The Ethiopian Insurance Corporation (EIC) announced that it collected more than Birr 13.3 billion in premium income during the 2024/25 fiscal year, highlighting the sector’s growing role in the country’s economy.
Ethiopian Insurance Corporation is re-invite architects for the design its new headquarters building. The building will be located in front of the Ambassador Theater.
The project was planned six years ago and the contract was awarded to Varnero, but was subsequently rejected by the board of the Ethiopian Insurance Corporation. The re-invitation for architects is due to the intention of the company to increase the height of the building and improve the standards, sources told The Reporter reported.Awash Insurance has announced 18 million birr in revenue in the first quarter of the current fiscal year. The Ethiopian insurers paid out 69 million birr in claims which is 19 million birr more than the same period last year. 
Awash Insurance was able to sale 203 million birr worth of insurance policies over the last year exhibiting a 46% increase from the previous year according to Kenea Daba, head of the Awash board.
