ID 204540274 · FY 2017–2025 · 9 years
Founded in 2007 and rebranded in 2018, Prime is a Georgian insurer offering health, motor, travel, property, cargo, aviation, engineering and agricultural insurance. Operates with European-investor backing.
curated 2026-06-03primeinsurance.ge
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 | 4,134 | 7,172 | 6,363 | 5,747 | 5,031 | 7,039 | 8,282 | 8,260 | 7,949 | +8.5% |
| Net Insurance Claims & Benefits | -2,286 | -4,084 | -3,079 | -3,320 | -2,119 | -4,347 | -5,640 | -4,643 | -3,519 | +5.5% |
| Net Commission Income / (Expense) | -325 | -427 | -189 | -272 | -352 | -442 | -65 | 21 | -2 | nmf |
| Net Underwriting Result | 1,523 | 2,660 | 3,095 | 2,155 | 2,560 | 2,250 | 2,577 | 3,638 | 4,428 | +14.3% |
| Investment Income | 129 | 235 | 301 | 210 | 173 | 178 | 431 | 550 | 455 | +17.0% |
| Operating & Administrative Expenses | -1,862 | -2,555 | -2,716 | -3,212 | -3,316 | -3,639 | -3,762 | -4,146 | -4,077 | +10.3% |
| Other Income / (Expense), net | 143 | -35 | -262 | 519 | -110 | -1,419 | -531 | 96 | -414 | nmf |
| Profit Before Tax | -66 | 305 | 419 | -329 | -693 | -2,630 | -1,285 | 137 | 391 | nmf |
| Income Tax | -82 | 50 | -30 | -90 | 60 | 225 | 0 | 0 | 0 | nmf |
| Net Profit / (Loss) | -148 | 354 | 389 | -419 | -632 | -2,405 | -1,285 | 137 | 391 | nmf |
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.
| ₾435k |
3.8% |
| 9.8% |
| Travel | ₾306k | 2.6% | 3.5% |
| Suretyships | ₾268k | 2.3% | 0.7% |
| Marine TPL | ₾135k | 1.2% | 5.0% |
| Personal Accident | ₾121k | 1.0% | 1.3% |
| Life | ₾53k | 0.5% | 514.7% |
| Aviation TPL | ₾33k | 0.3% | 5.0% |
Ownership & directors from companyinfo.ge (public corporate registry).