Get Lion Insurance Company S.C.'s Insight including Profile, Financial Performance, Annual Reports, Board of Directors, Management teams, Products and Services, Contacts and Addresses and much more.
Lion Insurance Company S.C. Profile
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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