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 | TBC | Aldagi | Imedi L | Ardi | Market |
|---|---|---|---|---|---|---|
| GWP | ₾161.2m | ₾147.6m | ₾131.4m | ₾80.7m | ₾72.6m | ₾869.9m |
| Market share | 18.5% | 17.0% | 15.1% | 9.3% | 8.3% | 100.0% |
| GWP growth | +18.9% | +29.8% | +8.3% | +11.5% | +23.1% | +17.4% |
| Loss ratio | 67.2% | 48.6% | 45.4% | 70.7% | — | 61.5% |
| Expense ratio | 68.4% | 42.9% | 34.8% | 28.4% | — | 33.0% |
| Combined ratio | 135.6% | 91.5% | 80.3% | 99.1% | — | 94.5% |
| Retention | 44.4% | 86.9% | 69.5% | 98.9% | 96.0% | 73.9% |
| ROE | 8.9% | 42.9% | 18.6% | 11.8% | — | 11.4% |
| ROA | 2.5% | 9.9% | 7.1% | 4.3% | — | 3.5% |
| Net profit | ₾3.6m | ₾15.7m | ₾15.3m | ₾3.8m | — | ₾39.2m |