Sector overviews / Insurance
The regulator's book, in three views: the market, the players compared, and each player drilled down. GWP = gross written premium (financial / collected basis); underwriting ratios are on a net-earned-premium basis, so combined = loss + expense.
FY2015–FY2025 · insurance.gov.ge
| Metric | TBC | GPI Holding | Aldagi | Imedi L | Ardi | Market |
|---|---|---|---|---|---|---|
| GWP | ₾253.1m | ₾245.5m | ₾224.3m | ₾130.5m | ₾102.6m | ₾1.38bn |
| Market share | 18.4% | 17.8% | 16.3% | 9.5% | 7.5% | 100.0% |
| GWP growth | +22.3% | +14.6% | +18.2% | +12.5% | +1.9% | +14.6% |
| Loss ratio | 46.8% | 67.6% | 53.2% | 68.9% | 68.2% | 61.1% |
| Expense ratio | 40.4% | 34.0% | 34.1% | 23.7% | 24.7% | 31.3% |
| Combined ratio | 87.1% | 101.6% | 87.4% | 92.6% | 92.8% | 92.4% |
| Retention | 84.9% | 75.1% | 70.9% | 98.6% | 96.1% | 80.4% |
| ROE | 46.4% | 21.5% | 33.0% | 38.3% | 27.3% | 25.1% |
| ROA | 14.6% | 5.3% | 10.6% | 10.8% | 9.4% | 8.1% |
| Net profit | ₾39.8m | ₾10.7m | ₾32.3m | ₾11.3m | ₾9.4m | ₾128.6m |