Ethiopian Insurance Corporation Records ETB 13.8 Billion Premium Income, Achieving 40% Growth

Addis Ababa, Aug 24/2026 (ABN)

The Ethiopian Insurance Corporation (EIC) has delivered strong financial performance during the first half of the 2025/26 fiscal year, recording ETB 13.8 billion in premium income and achieving 40 percent growth compared with the same period of the previous fiscal year.

The performance highlights EIC’s continued expansion and strengthening position within Ethiopia’s insurance industry, as the corporation works to respond to the growing insurance needs of individuals, businesses and institutions.

Under the leadership of EIC Chief Executive Officer Abel Tadesse, the corporation is advancing a performance-focused approach built around professional excellence, customer service, teamwork and employee engagement.

The 40 percent growth reflects the collective efforts of EIC’s staff across its nationwide operations. Employees working in customer service, underwriting, claims, risk management, business development and other areas continue to contribute to the corporation’s expanding performance.

Beyond financial results, EIC is placing greater emphasis on building a strong institutional culture centered on accountability, collaboration, innovation and service excellence. This people-centered approach is supporting the corporation’s ambition to deliver stronger value to customers while building a more dynamic insurance institution.

CEO Abel Tadesse has recognized the contribution of EIC’s employees, customers and partners, emphasizing their role in driving the corporation’s continued progress.

As Ethiopia’s economy expands, insurance is becoming increasingly important in protecting investments, businesses, assets and livelihoods. EIC is positioning itself to play a greater role in this growing market by strengthening its services and supporting economic resilience.

The latest performance is therefore more than a financial milestone. It represents the combined impact of strong leadership, committed employees, customer confidence and a culture focused on results.

With ETB 13.8 billion in premium income and 40 percent growth, EIC is demonstrating renewed momentum and positioning itself for an even stronger future in Ethiopia’s insurance sector.