Awash Insurance company S.C

Awash Insurance Company S.C. Profit, June 30,2017.

Posted by admin  •  October 26, 2017

Awash Insurance Company S.C. has secured its market leadership from all private insurance companies by registering a net profit of birr 88 million during the fiscal year that ended June 30, 2017.

Operating through its 44 branches, AIC has witnessed an outstanding performance during the year under report by making a Gross Written Premium (GWP) of birr 544.65 million in General Insurance and birr 51.1 million in Life Assurance.

On the other hand, the net claims incurred during the fiscal year amounted to birr 238.6 million. AIC’s paid up capital is currently 246.6 million and its asset reached 1.2 billion birr at the turn of the fiscal year.

Investment Diversification

During the fiscal year ended June 30, 2017, AIC made additional investment efforts to maximize shareholders benefits.

Experience justifies that the profitability of insurance business can be enhanced and sustained through investment diversification. Cognizant of the contemporary investment landscape in Ethiopia, the Board of Directors of AIC was examining the viability of project proposals submitted to it.  In an effort to maximize the shareholders’ benefits, an additional investment of Birr 27,417,000 was made in bank shares and Birr 3.5 million was invested in Oda S.C. during the year under report.  Our Company also made additional investment of Birr 409,000 in Addis Africa International Convention and Exhibition Centre during the period.



Awash Insurance Company S.C. Profit, June 30,2017.
Awash Insurance Co. S.C., made Net Profit before Tax of Birr 101.7M. Read More

አዋሽ ኢንሹራንስ ኩባንያ አ.ማ በተጠናቀቀው በጀት ዓመት፡
በጁን 30፣ 2017 እ.ኤ.አ ከታክስ በፊት ከ101.7 ሚሊዮን ብር በላይ ÷ ከታክስ በኋላ የተጣራ ከብር 88 ሚሊዮን በላይ አተረፈ፡፡ Read More

The CEO Is Awarded Doctor of Business Administration(DBA) Degree.
Tsegaye Kemsi Aredo, the CEO of Awash Insurance Company S.C. is awarded degree of Doctor of Business Administration(DBA) Specializing in Insurance Management Honoris Causa  by the prestigious Common Wealth University. 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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