Overview
Nyala Insurance Share Company is a private composite insurer licensed and supervised by the National Bank of Ethiopia, offering non-life, life, and takaful insurance products.
Revenue grew 37.0% to ETB 2,651.4 million and net profit rose 25.0% to ETB 680.4 million; total assets reached ETB 6,704.0 million.
SourceETB 2.65B
ETB 680.38M
ETB 6.7B
SourceETB 1.97B
Performance
Income statement
| Fiscal year | 2016EC | 2017EC |
|---|---|---|
| Total Revenue | ETB 1.94B | ETB 2.65B |
| Total Expenses | ETB 1.39B | ETB 1.97B |
| Net Profit | ETB 544.3M | ETB 680.38M |
| Insurance Revenue | ETB 1.51B | ETB 2.09B |
| Investment Income | ETB 410.22M | ETB 547.57M |
| Other Income | ETB 12.61M | ETB 15.33M |
| Insurance Service Expenses | ETB 705.76M | ETB 987.93M |
| Net Reinsurance Expenses | ETB 394.02M | ETB 712.21M |
| Other Operating Expenses | ETB 196.35M | ETB 201.06M |
| Profit Before Tax | ETB 640.53M | ETB 782.71M |
| Income Tax Expense | ETB 96.24M | ETB 102.33M |
Balance sheet
| Fiscal year | 2016EC | 2017EC |
|---|---|---|
| Total Assets | ETB 4.56B | ETB 6.7B |
| Equity | ETB 2.22B | ETB 2.92B |
| Insurance Contract Liabilities | ETB 1.67B | ETB 2.73B |
Financial health
Return on equity (ROE)
23.3%
Return on assets (ROA)
10.2%
Capital adequacy ratio (CAR)
—
Non-performing loans (NPL)
—
Cost-to-income
—
Liquidity ratio
—
Insurance Revenue
ETB 2.09B
Technical Reserves
ETB 2.73B
Investment Income
ETB 547.57M
Competitors
Peer institutions in the same sector, latest fiscal year.
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Net profit · 2018EC
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Oromia Insurance Company S.C.
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