milestones Hibret November 2, 2024
Milestones
Celebrating the past to awaken the future.
1994
Established

established by 87 Ethiopians from all walks of life

1997
Obtained License

The Company obtained the license for Life Insurance business

2000
Acquired Lion Insurance

Acquisition of a relatively younger and smaller insurance company, then known to be 'Lion Insurance Company SC',

2000
United Insurance wins right to cover domestic workers abroad

The Ministry of Labor and Social Affairs, which floated a tender two weeks ago to award domestic worker life insurance coverage for Ethiopians working in Arab countries, awarded the contract to United Insurance Company

2019
Inaugurates new HQ

The 25-year-old United Insurance inaugurates a 300 million birr building five years after the groundbreaking ceremony. The new high rise sits on a 2,000 sqm plot around ‘Tewodros Square’. The 12-storey building has three basements which can be used to park 500 cars.

2021
Together we flourish

The number of the Company’s shareholders exceeded 500. The paid up capital of the Company grew to ETB 473 million

2021
Equal Opportunity

the Company's staff complement stood at 434 out of which 215 were men and 219 were women.

2021
CEDE TREATY

Award recognizes company’s exceptional commitment to cede treaty business to Ethiopian Re on voluntary basis

2021
Lifetime achievement award

The Association of Ethiopian Insurers (AEI) gives recognition of a lifetime achievement award to the prominent insurance gurus Zafu Eyesuswork for their contribution to the growth of the Ethiopian insurance industry who has contributed over 58 years to the insurance industry

2021
Double its capital

Doubling to a billion birr.

2018
Winning award

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2023
United Insurance transcends the billion birr mark in premiums

Generates more than one billion birr in premiums. The firm’s great stride was also anchored by increased capital and in contrast to what was anticipated, earnings per share also increased dramatically.

March 2024
Investment

Private insurer United invests 30 million Birr in Ethiopia’s stock exchange

September 2024
Introduced Our New Brand

Our essence is centered around the idea of Collaboration, trust, shared goals,strength and power of unity needed in securing and protecting our tomorrow for individuals, families, and businesses.

Introducing our new brand mark
Hibret Insurance, with its name meaning “United”, embodies the very essence of insurance philosophy which is unity.
The visual identity is inspired by the Hibret initial Amharic letter “ሕ” with a square motif to signify our world of protection signifying our dependability, stability and reliability. It is your shield against the unexpected. Our three pillars symbolize collaboration, diversity, progress, excelling new heights and moving forward together to make things happen. Our visual also embodies a small “h” and “i” which represents the initials for Hibret Insurance.