Insurance Fiscal year ends Sene 30

Ethiopian Insurance Corporation

Provides life and non-life insurance products through a nationwide distribution network.

Unmodified (2017)

Revenue

ETB 9.1B

FY 2017

Net Profit

ETB 1.6B

Profit

Total Assets

ETB 24.3B

FY 2017

Total Equity

ETB 5.6B

Revenue & Profitability

Revenue, cost of sales, and net profit over time

Balance Sheet

Total assets, liabilities, and equity over time

Audit Opinion Timeline

U
2015 Unmodified
U
2016 Unmodified
U
2017 Unmodified

Financial Summary

All figures in Ethiopian Birr (ETB).

Year Revenue Net Profit Total Assets Total Liabilities Equity Opinion
2015 ETB 7.0B ETB 1.2B ETB 13.1B ETB 9.9B ETB 3.2B Unmodified Details
2016 ETB 7.8B ETB 1.3B ETB 17.8B ETB 14.0B ETB 3.8B Unmodified Details
2017 ETB 9.1B ETB 1.6B ETB 24.3B ETB 18.8B ETB 5.6B Unmodified Details

EIC uses an insurance-specific P&L format (IFRS 17): revenue is insurance premium revenue, cost of sales comprises insurance service expenses and net reinsurance expenses. The combined business figures (life + non-life) are used. EC filenames: 2015 EC = FY ended 30 June 2023.