About us

 

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

                                                                                                                     (in million Birr)   

Description

2022/23

2021/22

Paid-up Capital

830

704

Total Asset

 3,819

2966.4

Gross Written Premium

1,333.6

909.4

Net income before tax

303.6

 263.0

Underwriting profit

 310.2

331.9

Profit tax expense

30.4

 42.4

Net income after tax

273.3

220.7

 

 

 

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...

Links

Contact us

Protection House, Mickey Leland Street

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

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