ID 204568896 · FY 2017–2025 · 9 years
Georgian insurance company offering general insurance products.
curated 2026-06-03reportal.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 | 7,173 | 12,960 | 18,030 | 9,643 | 8,921 | 11,278 | 15,438 | 19,781 | 19,150 | +13.1% |
| Net Insurance Claims & Benefits | -5,657 | -8,684 | -15,410 | -5,122 | -5,028 | -6,676 | -10,124 | -12,749 | -11,852 | +9.7% |
| Net Commission Income / (Expense) | 478 | 346 | -155 | 388 | -103 | -168 | -365 | -1,064 | -1,200 | nmf |
| Net Underwriting Result | 1,994 | 4,622 | 2,466 | 4,908 | 3,790 | 4,433 | 4,950 | 5,968 | 6,097 | +15.0% |
| Investment Income | 710 | 1,100 | 865 | 899 | 890 | 1,297 | 1,352 | 1,611 | 1,584 | +10.5% |
| Operating & Administrative Expenses | -1,971 | -3,363 | -5,147 | -4,292 | -4,424 | -4,901 | -5,128 | -5,876 | -6,163 | +15.3% |
| Other Income / (Expense), net | 39 | -481 | -698 | -422 | -723 | -1,310 | 518 | -802 | -900 | nmf |
| Profit Before Tax | 772 | 1,879 | -2,514 | 1,094 | -467 | -481 | 1,691 | 901 | 618 | -2.7% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | -254 | -9 | -6 | -84.7% |
| Net Profit / (Loss) | 772 | 1,879 | -2,514 | 1,094 | -467 | -481 | 1,437 | 892 | 612 | -2.9% |
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.
Ownership & directors from companyinfo.ge (public corporate registry).
| ₾642k |
2.4% |
| 9.1% |
| Cargo | ₾250k | 0.9% | 4.4% |
| Travel | ₾243k | 0.9% | -1.9% |
| Marine TPL | ₾118k | 0.4% | 5.0% |
| Life | ₾72k | 0.3% | 40.1% |
| Misc. Financial Loss | ₾12k | 0.0% | 1.8% |
| Suretyships | ₾8k | 0.0% | -1884.2% |