Insurance companies operating in Georgia published their financial report for 2022. According to the document, the volume of premiums attracted by companies increased by 18% amounting to GEL 910 million. The total profit of the insurance companies slightly decreased from GEL 40 million to GEL 39 million.
GPI Holding attracted the largest premium, which income increased from GEL 140 million to GEL 165 million. The net profit of GPI Holding amounted to GEL 3.6 million. TBC Insurance ranks first, which earned a net profit of GEL 15.7 million. 12 out of 18 companies finished 2022 with a net profit, while 6 insurance companies are at a loss.
Rating of Insurance Companies By Net Profit In Georgia
1. TBC Insurance - GEL 15.7 million, premium raised 153 million;
2. Aldagi - GEL 15.3 million, premium raised 137 million;
3. Imedi L - GEL 3.8 million, premium raised 82 million;
4. GPI Holding - GEL 3.6 million, premium raised 165 million;
5. BB insurance - GEL 2.4 million, premium raised 18 million;
6. TAO - GEL 2.4 million, premium raised 4 million;
7. Cartu Insurance Company - GEL 1.3 million, raised premium 6 million;
8. Unison - GEL 1.2 million, premium raised 56 million;
9. Insurance Group of Georgia - GEL 1.1 million, raised premium 18 million;
10. International insurance company IRAO - GEL 0.7 million, raised premium 61 million;
11. Ardi Insurance - GEL 0.2 million, raised premium 85 million;
12. Risk Management and Global Benefits Georgia - GEL 0.0 million, raised premium 20 million;
13. Green Insurance Georgia - GEL 0.2 million, collected premium 4 million;
14. Alpha - GEL-0.5 million, raised premium 21 million;
15. Euroins Georgia - GEL 1.7 million GEL, raised premium 20 million;
16. New Vision Insurance - GEL 1.8 million, collected premium 15 million;
17. PSP insurance - GEL 1.9 million, collected premium 33 million;
18. Prime - GEL 2.4 million, raised premium 10 million.
