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 | ₾179.3m | ₾172.0m | ₾167.8m | ₾93.2m | ₾90.0m | ₾1.03bn |
| Market share | 17.4% | 16.7% | 16.3% | 9.1% | 8.8% | 100.0% |
| GWP growth | +11.2% | +16.5% | +27.7% | +15.4% | +23.9% | +18.2% |
| Loss ratio | 65.6% | 47.3% | 55.6% | 70.1% | — | 61.9% |
| Expense ratio | 74.7% | 42.2% | 35.1% | 24.5% | — | 31.9% |
| Combined ratio | 140.3% | 89.5% | 90.7% | 94.6% | — | 93.9% |
| Retention | 43.8% | 86.7% | 68.5% | 98.9% | 96.2% | 74.0% |
| ROE | 11.1% | 45.9% | 23.3% | 19.0% | — | 19.6% |
| ROA | 2.7% | 11.4% | 7.9% | 6.8% | — | 5.7% |
| Net profit | ₾4.4m | ₾22.0m | ₾20.7m | ₾6.5m | — | ₾73.5m |