Ethiopia: UNIC Secures Minor Bump in Profits, Market Share

United Insurance Company SC has reported a net profit of 62.7 million birr for the last operating year which is slightly higher than the 60 million it had secured in the previous year.

According to the audited report, UNIC managed to gross 77.6 million birr profit before tax giving it a slight increase in its relative market share to 5.9 percent from 5.5 percent of market share it had last year. The report praised the performance as operational, professional and commercial success. Based on the two indicators of operating performance, premium and loss ratio, the report hailed the performance of the company.

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