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 | ₾214.2m | ₾207.0m | ₾189.8m | ₾116.1m | ₾100.7m | ₾1.20bn |
| Market share | 17.8% | 17.2% | 15.8% | 9.7% | 8.4% | 100.0% |
| GWP growth | +19.5% | +20.4% | +13.1% | +24.5% | +11.9% | +17.0% |
| Loss ratio | 60.3% | 49.7% | 54.4% | 70.3% | 66.7% | 60.7% |
| Expense ratio | 77.5% | 38.7% | 33.7% | 23.2% | 23.6% | 30.6% |
| Combined ratio | 137.8% | 88.3% | 88.1% | 93.4% | 90.3% | 91.3% |
| Retention | 47.6% | 87.1% | 72.8% | 99.0% | 95.0% | 74.9% |
| ROE | 30.5% | 44.1% | 32.4% | 32.9% | 19.6% | 27.7% |
| ROA | 7.4% | 12.9% | 10.4% | 9.5% | 7.3% | 8.8% |
| Net profit | ₾14.3m | ₾28.6m | ₾27.8m | ₾9.2m | ₾6.9m | ₾127.4m |