About Lion Insurance Company
Lion Insurance Company (S.C), established in June 2007 by over 300 shareholders with a broad public base, began operations with an initial paid-up capital of Birr 16 million and a subscribed capital of Birr 66.4 million, making it one of the highest capitalized companies in the private insurance sector at formation.
Ownership Structure: Publicly held with over 450 individual and corporate shareholders.
Principal Banker: Lion International Bank.
Key Banking Partnerships: Lion International Bank, Abysinnia Bank S.C., Commercial Bank of Ethiopia, Cooperative Bank of Oromia, and others.
Financial Performance (as of June 30, 2023):
Paid-up Capital: Birr 244,071,787.71
Total Assets: Birr 1.7 billion
Total Equity: Birr 114,630,000.00
General Insurance Gross Written Premium (GWP): ETB 857,359,248.29
Gross Profit/Loss: Birr 75.6 million
Subscribed Capital: Birr 300 Million
Business Experience: Profitable over 15 years of service.
Customer Base: Serving numerous private and public companies and organizations.
Reinsurance Arrangements: Utilizes highly reliable reinsurance programs led by reputable brokers and companies like JB Boda, Africa Re, and Ethio Re.
Distinctive Features:
Offers technologically advanced and automated general insurance services.
Owns prominent buildings and recovery yards for efficient operations.
Demonstrates stability, transparency, and service efficiency.
Employs loyal and dedicated staff.
Leadership:
Board Chairman: Mr. Abrham Gebreamlak
Management: Led by CEO Mr. Abreham Mersha, with a team of 15 highly qualified professionals.
Human Capital: Employs over 347 permanent staff and over 346 sales agents.
Branch Network: Operates 42 branches (41 Non-Life branches and 1 Life branch) and 4 contact offices.
Lion Insurance Company stands out for its solid financial performance, strong reinsurance arrangements, technological advancements, and commitment to customer service.
Address and Contact Information
Head Office: Haile G/Selasie Avenue, Lion Insurance Bldg, Addis Ababa, Ethiopia
Phone: +251-116187000 / +251-116188800/+251-116189191
Fax: +251-116632940 / +251-116352040
Email: info@anbessainsurance.com
P.O.Box: 26281/1000 Addis Ababa, Ethiopia
Board of Directors
- Ato Abrham Gebreamlak – Chairperson
- Ato Rezene Hailu – Vice Chairperson
- Ato Woldegebriel Wodajo – Director
- Ato Haile Berhe – Director
- Ato Kiflu Tarekegn – Director
- Ato Tomas Gebremariam – Director
- Dr. Teka Baraky – Director
- W/ro. Berhan Hagos – Director
- Engineer Michael Tadesse – Director
Executive Management Team
- Mr Abreham Mersha – Chief Executive Officer
- Mr Kahase Gebremichael – Deputy CEO Operation
- Mr Yonas Debebe – Manager, General Insurance Underwriting Department
- Mr Goitom Timhirtu – Manager, Claims Management Department
- Mrs Fasika Korssa – Acting Manager, Life Assurance Department
- Mrs Almaz Hagos – Manager, Business Development & Marketing Department
- Mr Teferi Kebede – Manager, Finance and Investment Department
- Mrs kebebush Ashebir – Manager, HR and Facilities Management Department
- Mr Abebe Woldu – Manager, Audit & Inspection Service
- Mr Mered Michael – Manager, Risk Management & Compliance Service
- Mr Meareg Fisseha – Manager, Legal Service
- Mr Teklay Mezgebo – Manager, Engineering Service
- Ms Rediet Bogale – Manager, Reinsurance Service
- Mrs Amelework Mekonnen – Manager, Corporate Planning & Research Service
- Mr Yohannes B/Meskel – Manager, IT Service
Annual Reports
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