BAKU, Azerbaijan, Sept. 25
Tamilla Mammadova – Trend:
The State Insurance Supervision Service of Georgia has published financial and statistical indicators of the insurance market for 6 months of this year, Trend reports via the service.
According to the data, as of June 30, 2021, 18 insurance companies are registered in the country, each of which has a life insurance license.
According to the survey, the profit of insurance companies in the first 6 months of 2021 amounted to 83.1 million lari ($26.7 million), and net profit - 17.7 million lari ($5.6 million).
As reported, the profit margin during this period decreased by 7.1 percent compared to the same period last year, net profit decreased by 39.4 percent, and insurance premiums attracted from direct insurance activities increased by 19 percent to 448.6 million lari ($144.2 million).
Net profit of insurers is 9.7 percent lower than in the first 6 months of 2019.
The survey shows that the total assets of insurance companies for 6 months is 1.034 billion lari ($332.4 million), and capital - 278.6 million lari ($89.5 million).
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