Who we are Hibret August 19, 2024
WHO WE ARE

Flourishing Together

In November 1994, a group of 87 foresighted Ethiopian individuals and enterprises came together to lay the foundation for what would become Hibret Insurance Company. With an initial paid-up capital of eight million Birr and an authorized capital of 25 million birr, the company embarked on its journey towards excellence.This collective effort and commitment from diverse stakeholders reflected a shared vision to create a reliable and leading insurance provider in Ethiopia. The establishment of Hibret marked the beginning of a new chapter in the country’s insurance industry, setting the stage for growth, innovation, and professionalism in non-life insurance services. Three years later, in 1997, we set a milestone by becoming the first private-sector insurer in Ethiopia to provide Life insurance, and also introduced the innovative With Profits Individual Life Policy. Further more, in a historic milestone for Ethiopia’s insurance sector, Hibret Insurance made a strategic decision in October 2000 to acquire Lion Insurance a relatively younger and smaller player in the market. This move underscored Hibret’s dedication to expanding and consolidating its presence in the industry, setting a precedent for future growth and development. At present, Hibret boasts a strong ownership growing its base of shareholders to 723. With plans to increase the paid-up capital to 1.5 Billion Birr by 2027, the company had successfully raised its capital to ETB 1,067 billion as of June 2024, solidifying its position in the insurance sector.
OUR VISION
Hibret Insurance aims to be the best insurer in Ethiopia that is committed to a high standard of excellence.
CORE VALUES
Hibret recognizes the power of coming together and supporting one another in times of need.

Hibret Insurance recognizes the importance of unity and understands that when we come together, we are stronger.

OUR MISSION

The power of Coming Together

To provide complete insurance covers at economic rates, honest, prompt, and courteous claims services, through the aid of state-of-the-art technology to fully satisfy its constituencies: Customers, Employees, Shareholders, Society and the Environment.

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UNITED FOR EXCELLENCE
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Loved by 1000 of most valuable customers

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