Awash Insurance company S.C

Financial Results

Posted by admin  •  November 09, 2016

Awash Insurance Company S.C. latest financial results.

I.       On Financial Results

1.      GWP

1.1.      GWP as at June 30, 2016 –

1.1.a.  Non-Life = Birr 479,061,047

1.1.b.  Life      = Birr 45,050,192

1.1.C.  Both    = Birr 524,111,239

NB: Growth over previous year in Non-Life = 18.5%

 

2.      Net claims incurred as at June 30, 2016

2.1.a.  Non-Life = Birr 218,691,152

2.2.b.  Life      = Birr 26,277,127

Total       = Birr 244,968,279

 

3.      A)  Profit Before Tax as at June 30, 2016       Birr = 104,647,933

B)     Net Profit After Tax as at June 30, 2016   Birr = 91,151,932

NB: Net Profit’s growth was 41% over previous year

4.      Number of Branches

A.    As at June 30, 2016 ………….41 (includes two contact offices)

B.     As at October 31, 2016 ……..44

 

5.      Number of Sales Agents

·         Over 370

6.      Paid-up Capital

A.    As at June 30, 2016 - Birr 190.3 million

NB: Paid-up capital grew by 61% over FY 2014/15

B.     As at October 30, 2016 over Birr 200.29 million

 

7.      Return on Paid-up capital = 48%

8.      Market Position

·         Market Leader – from among the private insurance companies



Financial Results
​Awash Insurance Company S.C. latest financial results. Read More

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Contact Information

Awash Insurance Company S.C.
Awash Towers,
Ras Abebe Aregay Street,

Kirkos subcity,Woreda 7
Tel.  +251-011 5 57 00 01
Fax: +251-011 5 57 02 08

E-mail: aic@ethionet.et/aic@awashinsurance.com
P.O.Box 12637
Addis Ababa, ETHIOPIA

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