ID 404524225 · FY 2018–2024 · 7 years
Insurance / financial services entity in Georgia.
curated 2026-06-03reportal.ge
FY2023 basis change: the insurance industry adopted IFRS 17 in FY2023. Columns before FY2023 are IFRS 4 — multi-year comparisons across that boundary mix accounting bases. Read trends across the FY2022/FY2023 line with care.
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|
| Gross Premium Revenue | 16,608 | 19,902 | 19,636 | 19,346 | 20,076 | 0 | 0 | +4.9% |
| Premiums Ceded to Reinsurers | -3,535 | -2,219 | -2,219 | -1,569 | -1,501 | 0 | 0 | -19.3% |
| Net Premiums Earned | 13,073 | 17,683 | 17,417 | 17,776 | 18,574 | 0 | 0 | +9.2% |
| Net Insurance Claims & Benefits | -7,549 | -12,325 | -13,367 | -13,617 | -14,350 | 0 | 0 | +17.4% |
| Acquisition Costs | -399 | -502 | -489 | -599 | -715 | 0 | 0 | +15.7% |
| Underwriting Result | 5,125 | 4,855 | 3,561 | 3,560 | 3,510 | 0 | 0 | -9.0% |
| Investment & Other Income | 1,447 | 1,564 | 1,342 | 1,938 | -2,071 | -3,389 | -3,683 | nmf |
| Operating / Admin Expenses | -3,431 | -4,577 | -5,270 | -5,474 | -3,872 | -89 | -153 | -40.4% |
| Profit Before Tax | -365 | -879 | -2,757 | -4,371 | -1,141 | -3,478 | -3,836 | +48.0% |
| Income Tax | 218 | 9 | -48 | -179 | 0 | 0 | 0 | nmf |
| Net Profit / (Loss) | -146 | -870 | -2,805 | -4,549 | -1,828 | -3,451 | -5,427 | +82.7% |
Ownership & directors from companyinfo.ge (public corporate registry).