As per the data for 3 months of 2024, the insurance premium collected from direct insurance activities amounted to GEL 398 million. In the same period, the insurance profit of the insurers stood at GEL 69 million, the net profit amounted to GEL 25 million.


According to the report, 2 out of 18 insurance companies saw losses.

The insurance companies operating at a loss are as follows:


Benefit - loss 208 172 GEL, raised premium 20.6 million GEL;


Euroins Georgia - loss 39 477 GEL, raised premium 9.4 million GEL.


The most profitable insurance companies are :


TBC Insurance - net profit - 7.4 million GEL; Raised premium - 60 million GEL;


Aldagi - net profit - 5 million GEL; Raised premium - 41 million GEL;


Ardi - net profit - 1.8 million GEL; Raised premium - 28 million GEL;


GPI Holding - net profit - 1.55 million GEL; Raised premium - 80 million GEL;

As of March 31, 2024, there are 18 registered insurance companies holding life and non-life insurance licenses.