Welcome To Lucy Insurance S.C.

Lucy Insurance S.C. was established in 2012 with 39 Visionary Shareholders who are renowned business people involved in various businesses in the country. The company was established with a paid up capital of birr 8,035,000.

Head Office

Head Office

 

 

 

 

 

 

The company has grown its Paid up Capital to Birr 75,000,000.00 as per the Directive of the National Bank of Ethiopia that requires Insurance companies to raise their minimum paid up capital to 60,000,000.00 and 75,000,000.00 for General Insurance & General & Life Insurance respectively. As of today, the number of the company’s shareholders reached 503. In its annual meeting of shareholders it was decided that the company’s paid up capital has to be raised to Birr 200,000,000.00.

In the first year of its establishment Lucy was able to make a modest profit which shows that it is building its financial strength from the very beginning. The profitability has continued for the second year that made the shareholders to reap the fruit of their sweat by distributing 28.3% dividend per share. For another third year the company was able to get a profit of over birr 10,000,000 before tax.

Lucy has been rendering the insurance service to the society on Mujib Tower found next to Commercial Bank of Ethiopia Temenja Yaj Branch. In its view of expanding its service in different places of Addis Ababa as well as in the country, it has opened five branch offices in Addis Ababa (Merkato, Megenagna Stadium, Bole & Kality) and two branch offices in Hawassa & Adama. Therefore, including its Head Office Branch, it has got eight branches excluding the other two branches to be opened in Addis soon.

Who Is Lucy Insurance S.C.

Our Vision is to be the leading and an insurance company of choice. Accordingly we strive to create better values for our customers, employees, shareholders and the communities we serve.
The mission of Lucy Insurance S.C is to provide outstanding service and superior coverage to each and every one of our clients. We help you identify your individual insurance needs in order to develop the most comprehensive, cost-effective solution.
Honesty Fairness and truthfulness in all our business dealings.
Excellence Always striving to do better.
Teamwork Our independent agent and company staff work as a   team to serve you.
Responsiveness We make sure Lucy Insurance Company is there to serve you in your time of need.
Innovation Striving to introduce new products based on the needs of clients.