Overview
Lion Insurance Company S.C. (Anbessa Insurance) is a private composite insurer licensed and supervised by the National Bank of Ethiopia, offering general and long-term (life) insurance.
Revenue grew 65.1% to ETB 1,670.5 million and net profit rose 81.7% to ETB 336.7 million; total assets reached ETB 3,531.7 million.
SourceETB 1.67B
ETB 336.66M
ETB 3.53B
SourceETB 1.28B
Performance
Income statement
| Fiscal year | 2016EC | 2017EC |
|---|---|---|
| Total Revenue | ETB 1.01B | ETB 1.67B |
| Total Expenses | ETB 800.55M | ETB 1.28B |
| Net Profit | ETB 185.31M | ETB 336.66M |
| Net Earned Premiums | ETB 797.59M | — |
| Fee And Commission Income | ETB 65.66M | — |
| Investment Income | ETB 143.99M | ETB 274.65M |
| Other Income | ETB 4.54M | ETB 25.83M |
| Net Benefits And Claims | ETB 509.46M | — |
| Underwriting Expenses | ETB 73.11M | — |
| Other Operating Expenses | ETB 102.28M | ETB 151.79M |
| Employee Benefits | ETB 115.71M | — |
| Profit Before Tax | ETB 211.24M | ETB 387.48M |
| Income Tax Expense | ETB 25.93M | ETB 50.81M |
| Insurance Revenue | — | ETB 1.37B |
| Insurance Service Expenses | — | ETB 1.11B |
| Net Reinsurance Expenses | — | ETB 18.01M |
Balance sheet
| Fiscal year | 2016EC | 2017EC |
|---|---|---|
| Total Assets | ETB 2.78B | ETB 3.53B |
| Equity | ETB 689.73M | ETB 1.11B |
| Insurance Contract Liabilities | ETB 1.7B | ETB 2.11B |
Financial health
Return on equity (ROE)
30.2%
Return on assets (ROA)
9.5%
Capital adequacy ratio (CAR)
—
Non-performing loans (NPL)
—
Cost-to-income
—
Liquidity ratio
—
Insurance Revenue
ETB 1.37B
Technical Reserves
ETB 2.11B
Investment Income
ETB 274.65M
Competitors
Peer institutions in the same sector, latest fiscal year.
Awash Insurance S.C.
private-insurance-company
Net profit · 2018EC
ETB 1.4B
Ethiopian Insurance Corporation
state-owned-insurance-corporation
Net profit · 2017EC
ETB 1.6B
Nib Insurance Company (S.Co)
private-insurance-company
Net profit · 2017EC
ETB 344.01M
Nyala Insurance S.C.
private-insurance-company
Net profit · 2017EC
ETB 680.38M
Oromia Insurance Company S.C.
private-insurance-company
Net profit · 2017EC
ETB 587.96M