Overview
Awash Insurance Share Company is a private composite insurer licensed and supervised by the National Bank of Ethiopia — the market leader in non-life among private insurers and in life across the market — offering general, life, and takaful (Salaam Takaful) products.
Revenue was ETB 6,447.6 million, up 36.3%, and net profit ETB 1,403.0 million, up 46.6%; total assets reached ETB 19,106.8 million. Both years are reported under IFRS 17, so revenue is compared with 2024/25.
SourceETB 6.45B
ETB 1.4B
ETB 19.11B
SourceETB 5.04B
Performance
Income statement
| Fiscal year | 2015EC | 2016EC | 2017EC | 2018EC |
|---|---|---|---|---|
| Total Revenue | ETB 2.05B | ETB 2.91B | ETB 4.73B | ETB 6.45B |
| Total Expenses | ETB 1.54B | ETB 2.12B | ETB 3.77B | ETB 5.04B |
| Net Profit | ETB 509.12M | ETB 794.92M | ETB 956.77M | ETB 1.4B |
| Net Earned Premiums | ETB 1.34B | ETB 2.11B | — | — |
| Fee And Commission Income | ETB 164.99M | ETB 149.14M | — | — |
| Investment Income | ETB 484.08M | ETB 606.88M | ETB 812.61M | ETB 959.58M |
| Other Income | ETB 58.65M | ETB 47.56M | ETB 136.06M | ETB 175.44M |
| Net Benefits And Claims | ETB 836.32M | ETB 1.13B | — | — |
| Underwriting Expenses | ETB 102.67M | ETB 154.22M | — | — |
| Other Operating Expenses | ETB 274.03M | ETB 289.74M | ETB 566.93M | ETB 556.04M |
| Employee Benefits | ETB 267.18M | ETB 400.4M | — | — |
| Profit Before Tax | ETB 549.98M | ETB 902.63M | ETB 1.11B | ETB 1.83B |
| Income Tax Expense | ETB 40.86M | ETB 107.71M | ETB 155.1M | ETB 430.09M |
| Insurance Revenue | — | — | ETB 3.68B | ETB 5.08B |
| Takaful Revenue | — | — | ETB 100.51M | ETB 231.4M |
| Insurance Service Expenses | — | — | ETB 2.6B | ETB 4.72B |
| Net Reinsurance Expenses | — | — | ETB 469.9M | -ETB 700.29M |
| Insurance Finance Result | — | — | ETB 50.01M | -ETB 56.6M |
| Finance Costs | — | — | ETB 369K | ETB 835K |
| Takaful Participants Fund | — | — | ETB 9.6M | -ETB 33.23M |
| Life Actuarial Reserve | — | — | ETB 21.59M | ETB 11.9M |
Balance sheet
| Fiscal year | 2015EC | 2016EC | 2017EC | 2018EC |
|---|---|---|---|---|
| Total Assets | ETB 5.71B | ETB 7.69B | ETB 11.12B | ETB 19.11B |
| Equity | ETB 2.55B | ETB 3.42B | ETB 5.07B | ETB 8.63B |
| Insurance Contract Liabilities | ETB 2.36B | ETB 3.23B | ETB 4.27B | ETB 6.82B |
Financial health
Return on equity (ROE)
16.3%
Return on assets (ROA)
7.3%
Capital adequacy ratio (CAR)
—
Non-performing loans (NPL)
—
Cost-to-income
—
Liquidity ratio
—
Technical Reserves
ETB 6.82B
Investment Income
ETB 959.58M
Competitors
Peer institutions in the same sector, latest fiscal year.
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Oromia Insurance Company S.C.
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