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Dec 2009 Nyala insurance Share Co (NISCO) has reported profit with a 100% rise for the last year. Pre-tax profit has climbed from 9.5 million ETB (1 050 510 USD) to 20.3 million ETB (2 060 653 USD). Shareholder's dividend for a thousand shares has more than doubled and posts 579 ETB (58.7 USD) compared to 271 ETB (29.9 USD) a year before.
NISCO is operating in Ethiopia through 18 subsidiaries and 13 branches. NISCO's success story is owed to its agricultural insurance products.