Investment Hibret November 2, 2024
WHO WE ARE

Flourishing Together

At Hibret Insurance, we are committed to making strategic investments that ensure the long-term sustainability and growth of our business while prioritizing the interests of our policyholders. By carefully managing the premiums we collect, we not only generate returns to cover claims but also strengthen our financial stability.

Our investment philosophy is driven by a balanced approach to risk and reward. We comply with regulatory requirements and diversify across key asset classes to maximize returns while maintaining sufficient liquidity to meet our obligations. Through these prudent investment decisions, we aim to enhance shareholder value.

Hibret Headquarters Building

Investment Amount/Value: ETB 282 million +

Our headquarters serves as the nerve center for Hibret’s administrative and operational functions, offering a modern workspace that enhances customer services. In addition to supporting our core activities, the headquarters generates investment income through rental opportunities, further contributing to our financial strength.

Investments: Hq
Investments: Kality Hibret Building
Hibret Kaliti Building

Investment Amount/Value: ETB 118 million +

This facility expands our investment capacity, strategically positioned in the rapidly growing Kaliti district of Addis Ababa. This investment offers valuable rental opportunities that generate investment income. By leveraging this income stream, we continue to strengthen and diversify our financial portfolio, positioning Hibret for sustainable growth and long-term success.

Hibret Bahir Dar Building

Investment Amount/Value: ETB 48 million +

Our branch office in Bahir Dar enhances our service capabilities in the Amhara Region, reflecting our dedication to delivering accessible and reliable insurance services to the community. Furthermore, the facility generates investment income through rental opportunities, further contributing to our financial growth.
Investments: Bahirdar Hibret Building
Investments: Bole Medhanialem Bld.
Hibret Bole Medhanialem Building

Investment Amount/Value: ETB 152 million +

Situated in one of Addis Ababa’s most prominent commercial hubs, this building provides an ideal location for our customer service operations. Its strategic positioning not only enhances accessibility for our clients but also maximizes investment income opportunities for the Company, driving overall financial growth.
Hibret Bank

Hibret Bank plays a pivotal role in enhancing Ethiopia’s banking services landscape, creating synergies with our insurance operations. By investing in Hibret Bank, we support our strategic goal of integration across sectors, which not only drive collaborations but also generate investment income. This dual benefit positions us for sustainable growth, ensuring that our stakeholders enjoy both financial returns and the positive impact of a cohesive financial ecosystem.

Share Amount: ETB 225,000,000.00

Contribution: As a sister company, Hibret Bank aligns closely with our strategic goals, improving both financial operations and customer experiences.

Hibret Insurance
Ethiopian Reinsurance
Ethiopian Reinsurance (Ethiopian RE)

Hibret’s strategic investment in Ethiopian Re is crucial for fostering efficient risk-sharing across the industry. As the sole local reinsurer, we collaborate with insurers to retain more risks within the country, thereby revitalizing the entire insurance ecosystem.

This investment not only strengthens the insurance industry but also generates investment income for Hibret Insurance, ensuring our financial growth. By investing in Ethio Re, we are not only supporting a resilient future for insurance in Ethiopia but also participating in building a stronger, more sustainable insurance landscape.

Share Amount: ETB 44,689,339.41

Contribution:

By contributing to the establishment of Ethiopian RE, we support the creation of a robust reinsurance market that benefits the entire industry.

Ethiopian Securities Exchange

Ethiopia’s capital market is on the brink of establishment, and Hibret’s strategic investment in the Ethiopian Securities Exchange underscores our commitment to driving financial sector landscape through innovative financial platforms. By investing in this market, we not only contribute to the development of robust financial infrastructure but also create opportunities for generating investment income.
This dual focus on fostering financial services advancement and enhancing our financial portfolio positions Hibret as a forward-thinking player in the insurance industry.

Share Amount (subscribed): ETB 30,000,000.00


Contribution:
Our investment in this platform is critical in developing a robust financial marketplace that facilitates trading and investment across Ethiopia’s evolving economic landscape.

ESX - Ethiopian Security Exchange
Habesha Cement
Habesha Cement

Infrastructure development is the cornerstone of Ethiopia’s economic growth, and our investment in Habesha Cement is a testament to this commitment. By supporting the local construction industry, we contribute to the sector while generating valuable investment income for our Company.
This strategic investment not only enhances our financial portfolio but also plays a vital role in building the foundational elements necessary for sustainable development.


Share Amount: ETB 5,000,000.00


Contribution:
As an investor in Habesha Cement, we help drive local production, fostering the availability of high-quality cement for infrastructure projects.

Investment in Government Bonds:

We invest in government bonds to support public initiatives and enhance our investment income. These bonds provide necessary funding for essential projects, aligning with our commitment to corporate social responsibility. Additionally, they offer an income stream, allowing us to diversify our portfolio and mitigate risks while preserving capital. By contributing to the funding of government projects, we not only secure our financial growth but also play a vital role in promoting economic stability and development for the benefit of society as a whole.

• Development Bank of Ethiopia Bond: ETB 76,285,000.00
• Government Bond: ETB 160,061,000.00

Addis Ababa