ID 405662242 · FY 2024–2025 · 2 years
JSC ARDI is a Georgian insurer (founded 2010) whose book is dominated by medical/health insurance, with motor, property and travel lines alongside. Georgia Capital PLC (LSE: CGEO) took control in early 2024, combining ARDI with Imedi L in its medical-insurance business — together roughly a third of Georgia's medical-insurance market. ARDI is also a leading medical insurer for foreign residents and visitors.
curated 2026-07-13ardi.gegeorgiacapital.ge
| Line item | 2024 | 2025 | CAGR |
|---|---|---|---|
| Net Earned Premium / Insurance Revenue | 59,959 | 93,093 | +55.3% |
| Net Insurance Claims & Benefits | -39,981 | -63,447 | +58.7% |
| Net Commission Income / (Expense) | -3,483 | -4,708 | +35.2% |
| Net Underwriting Result | 16,495 | 24,938 | +51.2% |
| Investment Income | 1,691 | 3,564 | +110.7% |
| Operating & Administrative Expenses | -10,679 | -18,262 | +71.0% |
| Other Income / (Expense), net | -609 | -809 | +32.9% |
| Profit Before Tax | 6,899 | 9,432 | +36.7% |
| Income Tax | 0 | -12 | |
| Net Profit / (Loss) | 6,899 | 9,420 | +36.5% |
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.
| ₾708k |
0.7% |
| 1.5% |
| General TPL | ₾539k | 0.5% | -0.5% |
| Life | ₾394k | 0.4% | 332.8% |
| Cargo | ₾308k | 0.3% | 84.8% |
| Misc. Financial Loss | ₾110k | 0.1% | -1.2% |
Ownership & directors from companyinfo.ge (public corporate registry).