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.
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 690.
The Insurances branch Have Reched expansion rocketed from 30 to 131 both in the capital and regional cities within a short period of time and the bank has more than 380,000 customers across the country.
Lucy has been rendering the insurance service to the society on Lucy Tower found Haya Hulet In front of Capital next to Waryt Mulutlia. In its view of expanding its service in different places of Addis Ababa as well as in the country, it has opened nineteen branch offices in Addis Ababa (Main, Merkato, Megenagna, Stadium, Bole, Kality, Haya Hulet, Piassa, Yerer, Kera, Lideta, Bole Medhanialem, Yoseph, Addisu Gebeya, CMC, Lebu, Arat Kilo, Beklobet and Habte Gorgis) and six branch offices in Hawassa, Adama, Mekele , Wolaita Sodo, Debre Berhan and Bahirdar. Therefore, including its Main Branch, it has got twenty five branches.