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Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
JSC IRAO (International Reinsurance and Insurance Company) is a long-standing Georgian general insurer founded in 1996, writing P&C, motor, health and travel lines and offering reinsurance capacity. Family-owned, mid-sized by premiums.
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 20,166 | 18,700 | 22,739 | 25,832 | 31,397 | 43,127 | 50,927 | 58,787 | 68,274 | +16.5% | |
| 15,184 | 11,391 | 14,177 | 15,265 | 21,379 | 28,540 | 31,265 | 35,901 | 39,189 | +12.6% | |
| Net Commission Income / (Expense) | 716 | 1,149 | 1,090 | 1,126 | 933 | 373 | 77 | 1,234 | 3,425 | nmf |
| Net Underwriting Result | 5,698 | 8,458 | 9,653 | 11,693 | 10,951 | 14,960 | 19,584 | 21,653 | 25,660 | +20.7% |
| 78 | 361 | 424 | 982 | 1,140 | 1,547 | 2,450 | 3,385 | 4,622 | +66.5% | |
| 6,871 | 8,022 | 10,816 | 11,861 | 12,721 | 14,602 | 17,140 | 20,047 | 22,706 | +16.1% | |
| Other Income / (Expense), net | 1,174 | 262 | 4,237 | 466 | 1,228 | 924 | 1,436 | 126 | 1,122 | nmf |
| Profit Before Tax | 79 | 1,057 | 4,977 | 349 | 598 | 982 | 3,458 | 5,117 | 6,453 | +73.4% |
| Income Tax | 107 | 137 | 146 | 375 | 15 | 300 | 570 | 29 | 0 | -16.8% |
| Net Profit / (Loss) | 28 | 1,195 | 4,831 | 26 | 583 | 682 | 2,888 | 5,087 | 6,453 | 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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