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 | TBC | Ardi | Market |
|---|---|---|---|---|---|---|
| GWP | ₾104.5m | ₾96.7m | ₾82.1m | ₾79.1m | ₾47.8m | ₾602.5m |
| Market share | 17.3% | 16.1% | 13.6% | 13.1% | 7.9% | 100.0% |
| GWP growth | +0.6% | +17.4% | +32.1% | +31.6% | +27.1% | +15.1% |
| Loss ratio | 74.1% | 40.5% | 74.8% | 33.8% | — | 61.4% |
| Expense ratio | 38.1% | 44.8% | 17.4% | 55.9% | — | 33.9% |
| Combined ratio | 112.1% | 85.3% | 92.2% | 89.7% | — | 95.3% |
| Retention | 83.4% | 72.6% | 97.0% | 75.7% | 91.2% | 80.8% |
| ROE | -21.9% | 26.7% | 21.3% | 32.7% | — | 10.7% |
| ROA | -6.1% | 7.7% | 7.6% | 7.7% | — | 3.1% |
| Net profit | -₾6.8m | ₾15.2m | ₾5.5m | ₾6.3m | — | ₾25.2m |