Magazine date:
May 2023 DATE OF CREATION: July 2016, Ethiopia | |
CLASSES OF BUSINESS: Life and non life | |
MAIN UNDERWRITING ZONE: Africa |
Ethiopian Reinsurance: contact
Adress: Bole Sub City, Africa Avenue, Abraham Commercial Center, Addis-Ababa, Ethiopia |
Tel: +251-115 57 57 57 / 965 56 78 34 |
Email: info [at] ethiopianre [dot] com |
Website: www.ethiopianre.com [4] |
Ethiopian Reinsurance: main indicators
in thousands USD30/06/2020 | 30/06/2021 | |
Turnover | 25 299 | 26 032 |
Shareholder’s equity | NA | NA |
Net result (1) | 5 392 | 5 033 |
(1) Result before taxes NA: not available
Ethiopian Reinsurance : capital et shareholding
Share capital | 22 830 000 USD |
Shareholders | In % |
Insurance companies | 66.90% |
Banks | 30.76% |
Individuals | 2.33% |
Others | 0.01% |
Ethiopian Reinsurance : technical ratios
30/06/2020 | 30/06/2021 | |
Net loss ratio | 52.77% | 46.27% |
Net management expenses ratio | 38.22% | 44.74% |
Net combined ratio | 90.99% | 91.01% |
Ethiopian Reinsurance : management
Meseret Bezabih | Chairman of the board |
Dawit G. Amanuel | Chief executive officer |
Meseret Tilahun | Manager, operations department |
Azeb Wogayehu | Manager, finance and investment department |
Fikru Tsegaye | Manager, strategy and business development |
Exchange rate as at 30/06/2020: 1 ETB = 0.02892 USD ; 30/06/2021: 1 ETB = 0.02283 USD
Source: Ethiopian Re
Read also | African reinsurers [5]