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Dividends declared (per SOCE filings): FY2022 10,025 · FY2023 11,013 · FY2024 13,600 — 3-yr total 34,638
JSC TBC Insurance is the insurance arm of TBC Bank Group (LSE: TBCG), launched in 2016 to bancassure TBC's retail and SME clients. Underwrites motor, health, property and travel lines distributed primarily through TBC Bank's branch network and mobile app.
Group parent — controls 1 company · ownership
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.
| Ratio | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Loss Ratio | 37.5% | 24.8% | 33.8% | 40.5% | 42.9% | 48.6% | 47.3% | 49.7% | 46.8% |
| Acquisition / Commission Ratio | 5.5% | 17.9% | 14.8% | 20.8% | 20.5% | 19.2% | 18.1% | 17.2% | 19.1% |
| Admin Expense Ratio | 63.1% | 34.3% | 41.1% | 26.6% | 24.6% | 23.7% | 24.1% | 21.4% | 21.3% |
| Expense Ratio | 68.5% | 52.2% | 55.9% | 47.4% | 45.0% | 42.9% | 42.2% | 38.7% | 40.4% |
| Combined Ratio | 106.1% | 77.0% | 89.7% | 87.9% | 87.9% | 91.5% | 89.5% | 88.3% | 87.1% |
| Retention Ratio | 54.2% | 51.7% | 57.7% | 81.2% | 76.4% | 80.6% | 81.1% | 80.2% | 78.8% |
| Underwriting Margin | 67.9% | 57.4% | 51.4% | 38.7% | 36.6% | 32.2% | 34.5% | 33.1% | 34.1% |
| Investment Income / Net Premiums | 3.8% | 4.4% | 7.2% | 4.6% | 5.3% | 5.2% | 6.3% | 5.2% | 5.7% |
| Net Margin | 6.5% | 22.8% | 13.8% | 14.9% | 15.4% | 13.2% | 15.7% | 16.9% | 18.6% |
| ROE | 21.9% | 54.7% | 32.7% | 42.4% | 43.3% | 42.9% | 45.9% | 44.1% | 46.4% |
| ROA | 2.8% | 7.4% | 7.7% | 10.9% | 11.1% | 9.9% | 11.4% | 12.9% | 14.6% |
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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