Asmara, 02 June 2024 – The National Insurance Corporation of Eritrea (NICE) conducted its 20th annual shareholders’ meeting on 01 June at the Asmara Palace Hotel.
Mr. Paulos Tekleab, Acting Manager of the Corporation, delivered a keynote speech detailing the company’s financial performance in 2023. He reported that NICE generated total revenue of 271 million Nakfa and achieved a profit of 91.5 million Nakfa, distributing 86.4 million Nakfa in dividends to shareholders.
Furthermore, Mr. Paulos highlighted a significant 18% increase in group life insurance sales compared to the previous year.
The meeting also included presentations on the reports from the board of directors and the financial and profit distribution statements.
Following these presentations, shareholders engaged in thorough discussions and endorsed several strategic recommendations.
