ID 404476189 · FY 2017–2025 · 9 years
Group parent — controls 1 company
JSC Insurance Company Aldagi is Georgia's oldest (founded 1990) and leading property & casualty (P&C) insurer, and the P&C insurance business of Georgia Capital PLC (LSE: CGEO), to which it passed in the 2018 Bank of Georgia demerger. It writes property, motor/CASCO, liability, cargo, agro and travel lines (it exited health insurance in the 2014 reorganization) and in 2022 launched Aldagi RE, the first reinsurer in the Caucasus.
curated 2026-07-13aldagi.gegeorgiacapital.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 | 59,633 | 62,615 | 67,815 | 65,257 | 80,321 | 91,478 | 111,129 | 139,789 | 168,745 | +13.9% |
| Net Insurance Claims & Benefits | -23,942 | -23,104 | -27,440 | -28,483 | -39,156 | -41,558 | -61,779 | -76,080 | -89,796 | +18.0% |
| Net Commission Income / (Expense) | -5,193 | -6,674 | -8,909 | -5,623 | -6,931 | -7,448 | -11,041 | -14,175 | -18,897 | +17.5% |
| Net Underwriting Result | 30,499 | 32,837 | 31,466 | 31,151 | 34,233 | 42,473 | 38,309 | 49,534 | 60,051 | +8.8% |
| Net Result from Pension Activity | 484 | 404 | 87 | 47 | 607 | 313 | 98 | 115 | 119 | -16.0% |
| Investment Income | 3,271 | 5,677 | 6,366 | 7,442 | 7,439 | 847 | 12,966 | 10,258 | 14,618 | +20.6% |
| Operating & Administrative Expenses | -15,175 | -17,856 | -21,475 | -20,183 | -21,204 | -24,425 | -28,007 | -32,873 | -38,710 | +12.4% |
| Other Income / (Expense), net | 168 | -1,993 | 864 | -51 | -370 | -272 | -364 | 857 | -3,711 | nmf |
| Profit Before Tax | 19,248 | 19,068 | 17,308 | 18,405 | 20,705 | 18,935 | 23,003 | 27,891 | 32,368 | +6.7% |
| Income Tax | -2,791 | -2,524 | -2,085 | -2,569 | -2,534 | -3,620 | -2,328 | -57 | -37 | -41.8% |
| Net Profit / (Loss) | 16,457 | 16,545 | 15,223 | 15,837 | 18,171 | 15,315 | 20,674 | 27,834 | 32,332 | +8.8% |
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.
| ₾7.2m |
3.2% |
| 39.2% |
| Aviation Hull | ₾5.2m | 2.3% | 5.0% |
| Suretyships | ₾3.3m | 1.5% | 379.9% |
| Personal Accident | ₾2.9m | 1.3% | 4.7% |
| Misc. Financial Loss | ₾2.0m | 0.9% | 5.0% |
| Travel | ₾1.2m | 0.5% | 16.1% |
| Medical (Health) | ₾660k | 0.3% | 41.6% |
| Marine Hull | ₾162k | 0.1% | 6.4% |
| Credit | ₾70k | 0.0% | 1.4% |
Ownership & directors from companyinfo.ge (public corporate registry).