About LIC

Lion Insurance Company (S.C) liable to its policyholders by transferring risk from an individual and business to the company. The Company was established in June 2007 by over 300 shareholders and has a broad public base. The company was registered at an ever higher initial paid-up capital of Birr 16 million and a subscribed capital of Birr 66.4 million which was one of the highest capitalized companies in the private insurance sector at formation.

COMPANY PROFILE

Lion Insurance Company S.C. (LIC)

A private share company with more than 450 individual and corporate shareholders.

Lion International Bank is our principal banker

  • Lion International Bank
  • Abysinnia Bank S.C.
  • Commercial Bank of Ethiopia
  • Cooperative Bank of Oromia.
  • Oromia International Bank
  • United Bank S.C.
  • Awash Bank
  • Enat Bank
  • Abay Bank.
  • Addis International Bank.
  • Birhan International Bank
  • Buna Internationl Bank
  • Dashen Bank.
  • Debub Global Bank.
  • Nib International bank
  • Wegagen Bank
  • Zemen Bank.
  • Amara Bank.

  • Paid-up Capital Birr 401,813,882.43
  • Total Assets Birr 2.6 Billion.
  • Total Equity Birr 114.6 Million
  • Gross Written Premium (GWP) of ETB 1.2 Billion
  • Gross Profit or Loss is Birr 158 Million
  • Subscribed Capital Reached Birr 1.2 Billion

Profitable throughout its 17 years of service

Many companies and organizations private and public alike are among our ever-growing customer base.

LIC Reinsurance program is one of the most highly reliable arrangements. Our Reinsurance treaties are led by:

  • Placements Reinsurance Brokers include; JB Boda, First re ,Midas Re, Appex Insurance, Fair Insurance and Reinsurance Brokers and Afro Asian Insurance and Reinsurance Brokers. Through Brokers
  • Africa Re and Ethio Re

  • Provides technologically advanced and automated service in General Insurance.
  • Owns a G+7 & G+6 building for its Head Quarter built on 1000 m2 area which is found on the street of Haile G/Sellasie Avenue, Lion Insurance Building.
  • The Company has acquired its own recovery yard area 7200 m2 at Akaki/Kality Sub City near Midroc Terminal
  • Stability and remarkable business track record;
  • The solid foundation of Shareholders our broad-based unique feature;
  • Service efficiency, transparency;
  • Loyal and dedicated staff of growing quality;
  • Our willingness to serve customers flexibly and innovatively.

Board Directors are nine prominent businessmen and professionals.

Mr. Abrham Gebreamlak

The management team of LIC consists of 15 highly qualified and experienced professionals.

Mr. Abreham Mersha.

LIC at present has over 347 permanent employees.

The total number of our sales force is over 346.

The Company has already established a wide branch network covering a number of regions in the Country with its operations through 44 branches and three contact offices for the general insurance 23 branches located in Addis ababa, 21 outlying Branches and one life Assurance Branch.

The entire branch (city & outlying branches) have been networked through Prema 11 insurance technology.