In 9M2024, insurance companies received a revenue of GEL 243 million, of which net profit amounted to GEL 115 million. The figure was 1.8 times higher than the result of the same period last year (GEL 63 million), - according to the data published by the State Insurance Supervision Service.
As of the report, the insurance premiums collected from direct insurance activities for the first 9 months amounted to GEL 983 million, which was an annual increase of 20%.
TOP-5 Insurance Services By The Amount Of Insurance Premiums Collected:
Medical (health) insurance - GEL 428 million;
Land vehicle insurance - GEL 192 million;
Property insurance - GEL 111.8 million;
Life insurance - GEL 81.2 million;
Civil liability insurance - GEL 61.7 million.
In addition, the total assets of insurance companies amount to GEL 1,532 million, while the capital - GEL451 million.
As of September 30, a total of 19 insurance companies are registered, which hold life and non-life insurance licenses.
