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Dividends declared (per SOCE filings): FY2022 0 · FY2023 641 · FY2024 905 — 3-yr total 1,546
Georgian insurance holding company.
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 | 59.2% | 79.0% | 77.1% | 69.1% | 74.3% | 75.2% | 65.8% | 62.8% | 78.3% |
| Acquisition / Commission Ratio | 0.2% | 6.4% | 3.9% | 3.1% | 4.0% | 3.7% | 3.0% | 3.1% | 2.0% |
| Admin Expense Ratio | 25.0% | 15.3% | 16.5% | 17.7% | 24.5% | 24.3% | 20.8% | 25.6% | 20.3% |
| Expense Ratio | 25.2% | 21.8% | 20.4% | 20.7% | 28.5% | 27.9% | 23.9% | 28.7% | 22.4% |
| Combined Ratio | 84.3% | 100.8% | 97.5% | 89.9% | 102.7% | 103.2% | 89.7% | 91.5% | 100.7% |
| Retention Ratio | 27.2% | 75.5% | 131.4% | 89.8% | 75.5% | 90.8% | 80.4% | 111.9% | 89.0% |
| Underwriting Margin | 41.0% | 27.4% | 26.8% | 34.0% | 29.7% | 28.4% | 37.2% | 40.2% | 23.8% |
| Investment Income / Net Premiums | 12.8% | 3.6% | 4.8% | 5.8% | 4.2% | 4.2% | 5.1% | 6.3% | 4.7% |
| Net Margin | 27.7% | 11.7% | 11.0% | 17.9% | 5.3% | 6.8% | 13.2% | 18.7% | 4.2% |
| ROE | 15.3% | 26.5% | 20.5% | 26.3% | 9.9% | 13.1% | 18.9% | 20.7% | 6.9% |
| ROA | 5.6% | 8.6% | 11.7% | 16.1% | 4.2% | 6.1% | 9.1% | 11.3% | 3.6% |
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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