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Dividends declared (per SOCE filings): FY2022 1,050 · FY2023 5,061 · FY2024 6,428 — 3-yr total 12,539
JSC Insurance Company Imedi L is Georgia's market-leading medical (health) insurer and the core of Georgia Capital PLC's (LSE: CGEO) medical-insurance business, which it also serves with personal-accident, travel and bundled-life products. Imedi L dates to the late 1990s and was the group's dedicated health carrier under Georgia Healthcare Group; in Georgia Capital's 2024 reorganization it was carved out of GHG into a separate common-control entity within the insurance business (alongside ARDI).
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 53,394 | 55,986 | 76,717 | 70,561 | 73,585 | 76,216 | 92,834 | 109,140 | 121,068 | +10.8% | |
| 42,366 | 39,334 | 57,387 | 49,822 | 52,402 | 53,906 | 65,078 | 76,686 | 83,415 | +8.8% | |
| Net Commission Income / (Expense) | 3,480 | 2,370 | 1,972 | 3,103 | 3,794 | 3,873 | 4,090 | 4,237 | 5,268 | +5.3% |
| Net Underwriting Result | 7,548 | 14,283 | 17,358 | 17,636 | 17,388 | 18,437 | 23,667 | 28,217 | 32,385 | +20.0% |
| 419 | 1,173 | 1,422 | 2,705 | 2,930 | 3,017 | 3,619 | 3,970 | 4,085 | +32.9% | |
| 10,207 | 10,389 | 11,392 | 13,429 | 14,590 | 17,775 | 18,671 | 21,064 | 23,463 | +11.0% | |
| Other Income / (Expense), net | 463 | 1,605 | 980 | 1,015 | 981 | 725 | 446 | 1,938 | 1,713 | +17.8% |
| Profit Before Tax | 2,703 | 3,463 | 6,408 | 5,897 | 4,748 | 4,405 | 8,169 | 9,185 | 11,293 | nmf |
| Income Tax | 310 | 519 | 863 | 1,366 | 701 | 589 | 1,675 | 0 | 35 | -23.8% |
| Net Profit / (Loss) | 3,013 | 2,943 | 5,545 | 4,532 | 4,046 | 3,816 | 6,494 | 9,185 | 11,258 | 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.
Shareholders, directors and group links from the companyinfo.ge public register — as filed, so stakes need not sum to 100% where a holding is undisclosed.
Ownership & directors from companyinfo.ge (public corporate registry).
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