The total assets of the insurance sector amounted to GEL 1,105,515,789 by the end of 2022. The annual balance data for the end of 2022 are as follows:

N

Name

amount,

GEL

  1

Total

assets

1,105,515,789

including:


Insurance

claims

299,013,

023

The

share of the reinsurer in insurance reserves

140,167,586

2

Total

liabilities

762,270,

929

including

:


Gross

Insurance Reserves

515,818,206

Insurance

obligations

139,252,452

3

Total

capital

343,244,860

including:


Share

capital

242,764,343

Net

profit for the period

39,155,283

For comparison, similar data for the end of 2021 were as follows:

N

Name

Amount,

GEL

1

Total

assets

985,436,194

including

:


Insurance

claims

262,547,561

The

share of the reinsurer in insurance reserves

146,673,520

2

Total

liabilities

661,379,781

including :

Gross

Insurance Reserves

Insurance

obligations

111,904,231

3

Total

capital

324,056,413

including:


Share

capital

228,194,830

Net

profit for the period

39,914,523