Hibret Insurance has reported its highest earnings to date, securing more than one billion Br in pre-tax profit under CEO Meseret Bezabih. The result reflects a 79pc rise from last year. Total written contributions across life, non-life, and general Takaful climbed by 40.31pc to reach 2 billion Br. The insurer collected over 141 million Br from life and non-life products, while Takaful generated more than 31 million Br. The figures were released during the company’s general assembly at Desalegn Hotel in Addis Abeba, where executives also disclosed a 26pc increase in paid-up capital, now standing at 1.3 billion Br. Earnings per share rose from 48pc to 69pc, a 44pc jump. The Board Chairperson praised the performance and noted that despite ongoing pressures in the insurance market, the company sees clear openings for further expansion.

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