18 insurance companies operating in Georgia received insurance premiums of GEL 504.7 million during 1H2022, which was 12% more compared to the previous year.
According to the financial report, the insurance companies earned a net profit of GEL 10.3 million during this period, which was GEL 7.4 million less compared to the previous year.
The size of assets of insurance companies has also increased and amounts to GEL 1.15 billion, which is 120 million GEL more than the previous year.
GPI Holding is still the leader of the insurance market, which earned GEL 101 million in 1H2022, which was 20% of the premiums collected by the sector as a whole.
The second position is occupied by "TBC Insurance", which has collected premiums of GEL 75.6 million.
The results of insurance market players are distributed as follows:
Medical insurance is on the first place by the segments, which income amounted to GEL 231 million. The second position is occupied by auto insurance with 85 million, and the third place is property insurance with 65 million.
