During the budget year concluded June 30, 2019, Oromia Insurance Company (OIC) has registered a gross profit (before tax) of close to 92.4 million birr (around $2.9 million at the current exchange), which is up about 14% from the previous budget year.
Oromia Insurance Company (OIC) on Saturday payout 1.6 million birr in livestock insurance compensation to 1,474 pastoralists in Borena and West Guji zones of Oromia Region.
Oromia Insurance Company, which joined Ethiopian insurance business a year ago, announced that its total asset has grown by 43 percent.