ID 404526777 · FY 2017–2025 · 9 years
Georgian insurance and risk management company specializing in employee benefits and health insurance.
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 | 1,248 | 11,345 | 17,037 | 19,024 | 16,294 | 18,238 | 32,612 | 41,682 | 65,777 | +64.2% |
| Net Insurance Claims & Benefits | -867 | -7,480 | -11,736 | -13,150 | -11,732 | -14,209 | -27,766 | -35,453 | -56,246 | +68.5% |
| Net Commission Income / (Expense) | -170 | -280 | -246 | -165 | -381 | -500 | -252 | -237 | -16 | -25.4% |
| Accrued Bonuses | 0 | 0 | 0 | 0 | -2 | 0 | 0 | 0 | 0 | |
| Net Underwriting Result | 210 | 3,584 | 5,055 | 5,709 | 4,180 | 3,530 | 4,594 | 5,991 | 9,516 | +61.1% |
| Investment Income | 180 | 313 | 602 | 596 | 597 | 1,115 | 1,167 | 1,414 | 1,797 | +33.3% |
| Operating & Administrative Expenses | -1,901 | -3,212 | -4,369 | -4,596 | -4,244 | -4,179 | -5,961 | -7,263 | -9,027 | +21.5% |
| Other Income / (Expense), net | -8 | -785 | -1,261 | -1,673 | -511 | -445 | -1,547 | -1,447 | -2,150 | nmf |
| Profit Before Tax | -1,519 | -100 | 27 | 36 | 22 | 20 | -1,747 | -1,305 | 136 | nmf |
| Income Tax | 0 | 0 | -4 | -19 | -81 | 0 | 0 | -1 | -8 | +10.9% |
| Net Profit / (Loss) | -1,519 | -100 | 23 | 17 | -59 | 20 | -1,747 | -1,306 | 129 | 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.
| ₾2.4m |
3.0% |
| 50.8% |
| Suretyships | ₾1.5m | 1.8% | 4.9% |
| Personal Accident | ₾764k | 0.9% | 0.6% |
| Life | ₾749k | 0.9% | 34.4% |
| Travel | ₾462k | 0.6% | 5.3% |
| General TPL | ₾340k | 0.4% | 27.9% |
| Misc. Financial Loss | ₾199k | 0.2% | -9.4% |
| Cargo | ₾55k | 0.1% | 4.2% |
Ownership & directors from companyinfo.ge (public corporate registry).