The Insurance State Supervision Service of Georgia published its financial report for 1Q24. According to the document, GPI Holding is the leader by the attracted premiums, followed by TBC Insurance and Imedi L.
The insurance sector grew, and the industry closed 1Q with a net profit of GEL 25 million, which was a double growth y-o-y.
18 insurance companies registered in the market attracted premiums of GEL 398 million during the first 3 months of the year, which was GEL 73 million more than in the first quarter of last year. The total assets of insurance companies reached GEL 1.494 billion.
"GPI" remains the market leader with the attracted insurance premiums. The company has collected a premium of GEL 80 million, "TBC Insurance" is in second place, while "Imedi L" is in third place.
TOP-10 Companies By Attracted Premiums
1. GPI Holding - GEL 80 million
2. TBC Insurance - GEL 60 million
3. Imedi L – GEL 53 million
4. Aldagi - GEL 41 million
5. Ardi - GEL 28 million
6. PSP - GEL 21 million
7. Global Benefits - GEL 21 million
8. IRAO - GEL 19 million
9. Unison - GEL 16 million
10. New Vision - GEL 12 million
