Georgia sees decrease in profits of insurance industry

Finance Materials 9 September 2021 07:05 (UTC +04:00)

BAKU, Azerbaijan, Sept. 9

Tamilla Mammadova – Trend:

The insurance industry of Georgia ended the first half of 2021 with a decrease in profits, Trend reports referring to the National Bank of Georgia.

In the first half of 2021, the annual profit of insurance companies decreased by 11.5 million lari ($3.6 million), or 39.3 percent, to 17.7 million lari ($5.6 million).

The insurance profits also decreased - from 89.5 million lari ($28.7 million) to 83.1 million lari ($26.7 million).

On the other hand, the amount raised from direct insurance increased from 377 million lari ($121 million) to 448.6 million lari ($144.3 million).

The total assets of insurance companies amounted to 1.034 billion lari ($332.6 million), capital - 278.6 million lari ($89.6 million).


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