Hibret Insurance S.C. reported a 36.98% increase in its annual surplus before tax, reaching Birr 1.38 billion for the 2025/26 fiscal year.

The company collected Birr 3.42 billion in premiums across its life, non-life and general Takaful insurance businesses in the fiscal year ended June 30, 2026, marking a 24.18% increase from the previous fiscal year.

Speaking at the company’s 32nd Annual Ordinary and 16th Extraordinary General Assembly, held at Skylight Hotel on October 19, 2026, the Chairman of the Board of Directors attributed the company’s performance to coordinated efforts by the board, management and employees, alongside the expansion of its operations.

The chairman also highlighted the Ethiopian Capital Market Authority’s approval of the company’s company and share registration statement on June 29, describing Hibret Insurance as the first insurance company to obtain the authorization under the relevant capital market laws.

The chairman expressed appreciation to customers and shareholders for their continued trust in the company and recognized the contributions of management and employees to its financial and operational performance.