Tbilisi (GBC) - In 2024, revenue of enterprises engaged in financial services amounted to 12.1 billion GEL, - according to the National Statistics Office of Georgia (Geostat). The largest part of the revenue (76.9 %) was generated from interest and other similar incomes, while revenue from commission fees reached 9.5% of the total, and the remaining 13.6% were other revenues.
At the end of 2024, cash held by enterprises engaged in financial services amounted to 2.9 billion GEL. At the same time, fixed and non-produced assets balance sheet value reached 2.5 billion GEL.
In 2024, average number of employees of enterprises engaged in financial services equaled 42.5 thousand, of which 65.9 percent were females.
In 2024 insurance companies earned premium (gross) of 1.1 billion GEL, of which:
- 41.7% - was attributable to medical (health) insurance
- 11.8% – to property insurance
- 9.2% – to life insurance
- 6.7% – to motor third party liability
- 1.4% – to accident insurance
and the rest (29.2%) was allocated to other types of insurance.
In 2024, incurred claims (gross) incurred by insurance companies amounted to 707.6 million GEL, of which:
- 52.6% - was assigned to medical (health) insurance
- 5.5% – to life insurance
- 4.6% – to motor third party liability
- 4.5% – to property insurance
- 0.3% – to accident insurance
and the rest (32.5%) was allocated to other types of insurance.
