About us

 

 The following table presents comparative performance highlights for the last two years.                                                                                

                                                                                                                     (in million Birr)   

Description

2018/19

2017/18

Paid-up Capital

416.5

340.5

Total Asset

2053.0

1909.0

Gross Written Premium

491.6

769.4

Net income before tax

184.3

159.6

Underwriting surplus

155.4

148.2

Provision for taxation

14.8

17.9

Net income after tax

169.5

141.7

 

 

An overview

Nyala Insurance Share Company (NISCO) was founded in July 1995 following the liberalization of the insurance business to the private sector in 1994 with the Licensing and Supervision of Insurance Business Proclamation No. 85/1994. Read more...

Investments

Apart from its major investments in real estates in the downtowns of Addis Ababa, Bahir Dar and Nazareth, Nyala Insurance selectively invests in various financial institutions like Dashen Bank, which have potentially high investment returns. Read more...

Contact us

Protection House, Mickey Leland Street

Tel: +251-11-6626679/80/76