The Ethiopian Insurance Corporation (Amharic: á¨á¢áµá®áµá« á¢áÂÂá¹á«áÂÂáµ á®áÂÂáÂÂᇽáÂÂ; EIC) is a state-owned insurance corporation headquartered in Leghar, Addis Ababa, Ethiopia. It was established in 1976 with initial capital of 11 million (US$1.29 million) after taking over the thirteen nationalized private insurance companies liabilities and assets. The Ethiopian Insurance Corporation is a subsidiary of Ethiopian Investment Holdings (EIH), the sovereign wealth fund of Ethiopia.
The Ethiopian Insurance Corporation (EIC) was established on 1 January 1976 by proclamation No. 68/1975 by emerging takeover of the thirteen nationalized private insurance companies liabilities and assets, with birr 11 million (US$1.29 million) paid up capital.
It is state-owned and profitable organization. As of August 2023, the Corporation profits plunged up to 1.4 trillion birr.