Ethiopian Insurance Corporation (EIC), the state-owned insurer has collected premiums of 2.1 billion Ethiopian birr, in the just ended fiscal year, Fortune reported citing the corporation's annual report released on Friday, August 30, 2013.
EIC has missed by 1.2 percent of its target of collecting 2.5 billion birr. However, the corporation's premium collection has grew by 46.3 percent compared to the previous year.
The Ethiopian Insurance Corporation (EIC) is reporting a boost in its risk management capacity, exceeding Birr 6.2 trillion in the first nine months of the current Ethiopian fiscal year. This marks a 50% increase from the same period last year.
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.
