About us

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

(in million Birr)

Description	2020/21	2019/20
Paid-up Capital	600.0	530.5
Total Asset	2,448.6	2,172.9
Gross Written Premium	678.0	565.3
Net income before tax	194.4	149.3
Underwriting profit	240.0	209.5
Profit tax expense	22.6	9.6
Net income after tax	171.8	139.8

Core Values

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PROTECTION WITH CARE

We add care to our main duty of providing protection. We give due emphasis to care in our relationship with customers and fellow employees.

PROFESSIONALISM

We engage ourselves at all times, in a professional manner paying due attention to the code of ethics required in professional insurance service.

INNOVATION

We promote innovation and creativity. We will be a learning organization by embracing change. We will continuously improve our process and product features to meet and exceed our customers’ expectation.

TEAM WORK

We believe that the best solutions come from working together with our colleagues and customers.

EXCELLENCE

We set and strive to achieve stretched goals, work constantly to improve, and deliver what we promise and beyond whenever possible. All our endeavors are geared to achieve excellence through innovation, learning, and agility.

INTEGRITY

We commit ourselves to conduct our business honestly, ethically and consistently.

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

Email: nisco@nyalainsurancesc.com

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