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 | GPI Holding | Aldagi | Imedi L | Ardi | TBC | Market |
|---|---|---|---|---|---|---|
| GWP | ₾98.8m | ₾88.1m | ₾49.5m | ₾31.4m | ₾31.3m | ₾425.1m |
| Market share | 23.2% | 20.7% | 11.6% | 7.4% | 7.4% | 100.0% |
| GWP growth | +13.6% | +15.1% | -25.5% | +480.5% | +333.7% | +12.9% |
| Loss ratio | 69.6% | 40.1% | 79.3% | — | 37.5% | 66.7% |
| Expense ratio | 32.4% | 34.2% | 25.6% | — | 68.5% | 29.4% |
| Combined ratio | 101.9% | 74.3% | 105.0% | — | 106.1% | 96.1% |
| Retention | 80.3% | 67.2% | 100.0% | 88.0% | 57.1% | 77.9% |
| ROE | 23.9% | 34.4% | -33.5% | — | 21.9% | 12.8% |
| ROA | 6.3% | 11.4% | -6.8% | — | 2.8% | 3.5% |
| Net profit | ₾6.7m | ₾16.5m | -₾3.0m | — | ₾1.1m | ₾20.3m |