ID 204426674 · FY 2017–2025 · 9 years
JSC Insurance Company GPI Holding is one of Georgia's three largest insurers, majority-owned by Vienna Insurance Group (VIG, Austria's largest insurer). It writes the full mix of P&C, motor, health and life lines through Georgia's largest agent network.
FY2023 basis change: the insurance industry adopted IFRS 17 in FY2023. Figures here come from the regulator's fixed-form 12-month returns (consistent line codes across all years), but the underlying measurement basis still shifts at that boundary. Read trends across the FY2022/FY2023 line with care.
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Earned Premium / Insurance Revenue | 80,226 | 85,315 | 78,837 | 95,726 | 54,297 | 65,230 | 73,139 | 88,441 | 165,090 | +9.4% |
| Net Insurance Claims & Benefits | -55,804 | -64,626 | -58,400 | -65,754 | -40,056 | -43,809 | -47,953 | -53,298 | -111,623 | +9.1% |
| Net Commission Income / (Expense) | 3,545 | 818 | 1,435 | -339 | 8,380 | 11,391 | 14,212 | 20,765 | 4,020 | +1.6% |
| Net Underwriting Result | 27,967 | 21,506 | 21,872 | 29,633 | 22,621 | 32,812 | 39,399 | 55,907 | 57,487 | +9.4% |
| Net Result from Pension Activity | 125 | 74 | 66 | 73 | 60 | 37 | 39 | 19 | 17 | -21.8% |
| Investment Income | 1,018 | 1,130 | 703 | 3,086 | 3,934 | 5,216 | 5,867 | 5,951 | 8,470 | +30.3% |
| Operating & Administrative Expenses | -22,431 | -25,767 | -28,578 | -28,847 | -28,923 | -33,254 | -40,434 | -47,770 | -52,128 | +11.1% |
| Other Income / (Expense), net | 1,716 | 6,976 | -483 | -826 | 2,329 | -275 | -586 | 222 | -1,906 | nmf |
| Profit Before Tax | 8,395 | 3,919 | -6,420 | 3,119 | 20 | 4,536 | 4,285 | 14,329 | 11,940 | +4.5% |
| Income Tax | -1,682 | -838 | -404 | -1,031 | -13 | -924 | 144 | 0 | -1,240 | -3.7% |
| Net Profit / (Loss) | 6,713 | 3,081 | -6,824 | 2,088 | 7 | 3,612 | 4,429 | 14,329 | 10,700 | +6.0% |
Statements and underwriting KPIs come from the company's 12-month regulatory returns filed with the Insurance State Supervision Service (insurance.gov.ge); reportal.ge annual-report PDFs stay linked on the year headers where available.
| ₾5.9m |
2.4% |
| 20.7% |
| Suretyships | ₾5.0m | 2.1% | 5.4% |
| Travel | ₾4.7m | 1.9% | 21.9% |
| Cargo | ₾3.9m | 1.6% | 16.1% |
| Personal Accident | ₾2.7m | 1.1% | 6.6% |
| Misc. Financial Loss | ₾375k | 0.2% | 2.3% |
| Marine Hull | ₾273k | 0.1% | -17.3% |
Ownership & directors from companyinfo.ge (public corporate registry).