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

 

 

 

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