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 | TBC | Imedi L | Ardi | Market |
|---|---|---|---|---|---|---|
| GWP | ₾135.5m | ₾121.3m | ₾113.7m | ₾72.4m | ₾59.0m | ₾741.2m |
| Market share | 18.3% | 16.4% | 15.3% | 9.8% | 8.0% | 100.0% |
| GWP growth | +9.6% | +15.3% | +31.7% | +4.0% | +12.1% | +16.0% |
| Loss ratio | 73.8% | 48.7% | 42.9% | 71.2% | — | 62.0% |
| Expense ratio | 68.7% | 35.0% | 45.0% | 25.0% | — | 34.2% |
| Combined ratio | 142.5% | 83.8% | 87.9% | 96.2% | — | 96.2% |
| Retention | 42.9% | 67.3% | 86.1% | 99.3% | 93.6% | 71.9% |
| ROE | 0.0% | 22.3% | 43.3% | 13.9% | — | 12.3% |
| ROA | 0.0% | 9.5% | 11.1% | 5.4% | — | 4.1% |
| Net profit | ₾7k | ₾18.2m | ₾13.4m | ₾4.0m | — | ₾39.9m |