Awash Insurance Posts 1.84 Billion Birr Pre-Tax Profit, Up 65%

Awash Insurance S.C. has reported a pre-tax profit of 1.84 billion birr for the concluded fiscal year, marking a 65 percent increase compared with the previous year. This growth highlights the company’s continued expansion across its major insurance businesses. The financial performance was disclosed during the company’s 32nd Annual General Meeting of Shareholders, held on November 14, 2026, at the Hilton Hotel in Addis Ababa.

The company’s strong performance reflected growth across its general insurance, life and health insurance, and Takaful operations. Its general insurance business expanded by 35 percent, while life and health insurance registered 19 percent growth. Meanwhile, its Takaful business, which provides Islamic insurance services, achieved an impressive 102 percent increase. These results demonstrate Awash Insurance’s diversified portfolio and its ability to adapt to changing market conditions.

Awash Insurance generated total revenue exceeding Birr 6 billion during the fiscal year. General insurance accounted for more than Birr 5 billion of the total, reinforcing Awash Insurance’s position as the leading private insurance company in Ethiopia’s general insurance market. The company also collected Birr 780.5 million from its life and health insurance operations and more than Birr 303 million from its Takaful business.

The reported profit represents a 42 percent earnings per share (EPS) return, calculated against the company’s paid-up capital, which increased by 27.5 percent during the fiscal year to reach Birr 3.375 billion. This growth in paid-up capital and EPS return indicates the company’s improving financial health and its ability to generate value for shareholders.

Beyond its financial performance, Awash Insurance said it had effectively handled property-related and life insurance compensation claims during the reporting period in accordance with contractual obligations. The company’s ability to manage claims efficiently is crucial in maintaining customer trust and satisfaction. Effective claims handling also contributes to the company’s reputation and long-term sustainability.

As part of its expansion strategy, the company opened two additional branches in Assosa and Semera, increasing its geographical presence and improving access to insurance services. The expansion forms part of its broader effort to reach more customers and strengthen its competitiveness in the country’s growing insurance industry. By expanding its branch network, Awash Insurance aims to tap into new markets and increase its market share.

A major milestone during the fiscal year was the successful completion of its share registration process, following the appointment of a transaction adviser. The company said the achievement made it the first insurance company to be registered on Ethiopia’s capital market, positioning it among the early participants in the country’s emerging securities market. This development is expected to strengthen corporate transparency, institutional governance, and long-term value creation for shareholders.

Key points

• Awash Insurance reports 1.84 billion birr pre-tax profit, a 65% increase from the previous year.
• The company’s growth is driven by expansion in general, life, and health insurance, and Takaful operations.
• Awash Insurance is the first insurance company to be registered on Ethiopia’s capital market.