Hibret Insurance premiums surge 24% to 3.42 Billion birr

Hibret Insurance Company S.C. has released its financial performance report for the 2025/26 fiscal year. The company recorded a significant 24 percent increase in gross written premiums, reaching 3.42 billion birr. Despite facing a substantial increase in tax obligations, Hibret Insurance reported a net profit after tax of 965.32 million birr, marking a 14.5 percent rise compared to the previous fiscal year. However, the report notes that the higher tax burden impacted overall earnings and resulted in diluted earnings per share for the company.