Awash Insurance Dominates with Profit Surge, Even as the Economic Tide Turns
Awash Insurance consolidated its lead in the private insurance sector last year, registering vigorous profit growth that eclipsed its competitors — United Insurance, Nyala, and Oromia. Despite a challenging economic backdrop, Awash Insurance outperformed with a profit of 509.12 million Br, a 52.5pc increase from the previous year, outstripping United Insurance's 327.02 million Br, Nyala's 273.3 million Br, and Oromia's 333.9 million Br in net profits.
Although its earnings per share (EPS) grew modestly by 10 Br to 360, this growth was less pronounced than its contenders during the same pe...