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 | 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@ethiopianre.com |
| Website: www.ethiopianre.com |
Ethiopian Reinsurance: main indicators
in thousands USD| 30/06/2020 | 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