Ethiopia Re: The Mother of All

Welcome to the 89th edition of ፍራንክ Digest!

Your weekly brief on all things Finance and Investing. Quick, enjoyable reads for busy professionals in 5 minutes or less.

Here’s what’s coming your way:

• 🫶 The Insurance Support Group

• 🎊 2026: Finding Your Best Financial Self

• 🖼️ Big Picture

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The Comforting Sounds of Reinsurance

Insurance

If you’re finance nerds like us and chose to read recent reports regarding the insurance industry rather than yell “3…2…1 HAPPY NEW YEAR!!!” like it’s 1999 then you know what we’re talking about.

It came to our attention that not a lot of people know that insurance companies need to be insured as well, just like having a babysitter for your babysitter. That’s odd but true.

Needless to say, the company holding the financial pacifier has the word insurance in its name.

In most cases, it's ‘Reinsurance’. And guess what, Ethiopia has one of those babysitters and it’s called Ethiopia Reinsurance, quite the innovative name (Look 👀 it’s sarcasm👈)

The good folks at Ethiopia Re (That’s what its friends call it), recently gathered to discuss their accounting homework, shouting ‘assets are rising!’ , ‘premium pay outs are up!’, ‘policyholders’ , ‘profit before tax’, ‘dividends’...

If you didn't get the hint, it was an annual shareholders meeting. Fun, right?

Ethiopia Re’s customers are insurance companies and just like their policy holders, they pay a premium to Ethiopia Re and spread the risk even further. If that’s not enough, Ethiopia Re then goes and buys re-insurance from global reinsures. If you ask us, it’s quite the Russian nesting doll 🪆

Here are some numbers for you: