Georgia’s insurance sector saw notable revenue growth in the first nine months of 2025, even as profitability decreased. According to data from the State Insurance Supervision Service, insurance companies generated nearly GEL 1.1 billion in income during the period, an 11.6% increase compared to the previous year. Despite this rise in premiums, overall profits fell slightly.
As of September 30, 2025, 19 licensed insurance companies, covering both life and non-life segments, were operating in the country. These companies collected GEL 1.098 billion in premiums from direct insurance activities. However, while insurers posted GEL 272 million in insurance profit, their net profit amounted to only GEL 113 million, marking a GEL 2 million decline from the same period in 2024.
The report shows that the sector’s asset base continues to expand. Insurance companies held GEL 1.696 billion in total assets as of the end of September, reflecting an annual increase of nearly 11%. Sector capital reached GEL 517 million, underscoring continued financial resilience despite tightening profit margins.
Overall, the figures suggest a year of strong premium growth but rising costs or claims pressures that have weighed on net profitability, even as the industry remains well-capitalized and asset growth continues.
