DEAR SHARHOLDERS
I am very grateful to extend my message on the 6th Annual General Meeting of the Shareholders
after successfully concluding the year ended June 30,2024.
ZISC joined the insurance industry four years ago as of January 2020 that made its participation in the industry for the last four years only. As it is known, this was the year that COVID-19 pandemic was manifested and started to severely hit the global economy in an unprecedented manner. It is quite simple to imagine its effect on ZISC as new entrant company, however, ZISC endured this threat and persist and able to realize its significant economic and social responsibility in the industry.

Besides, the national as well as the global economy has remained to be threatened by major ups and downs, ZISC continued to succeed consistent growth in the industry. In the year ended June 30, 2024 ZISC actualized GWPI of Birr 545.3 million, which accounts 84% of the target and 67% above the previous year and Earning Per Share increased to Birr 3,744 (74.89%) from Birr1,587 (31.7%) the previous year. Similarly Total Asset, paid-up capital and profit before tax registered Birr 961.5 million, 234.2 million and 181.3 million, respectively.