Insurance companies received a profit of GEL 145 million during the 6 months of 2024, of which the net profit amounted to GEL 67 million. The figure has doubled compared to the same period last year (GEL 34 million), - according to the report published by the Insurance Supervision Service.
As of the document, the insurance premium collected during 6 months from direct insurance activity amounted to GEL 712 million, which was an annual increase of GEL 121 million.
The amount of insurance premiums by insurance types:
Medical (health) insurance - GEL 341 million;
Land vehicle insurance - GEL 131.5 million;
Property insurance - GEL 73.1 million;
Life insurance - GEL 54.7 million;
Civil liability insurance - GEL 16 million.
In addition, both the capital and assets of insurance companies have increased. In particular, the total amount of assets totals to GEL 1 billion 564 million, while the capital - GEL 431 million.
As of June 30, there are a total of 19 registered insurance companies holding life and non-life insurance licenses.
