In 2024, the total income of enterprises operating within Georgia’s financial services sector reached GEL 12.1 billion.

According to the National Statistics Office (GeoStat), the majority of this revenue, 76.9%, was generated through interest and related income. Commission income accounted for 9.5%, while the remaining 13.6% was derived from other sources.

Furthermore, the agency’s report indicates that by the end of 2024, enterprises in the financial sector held GEL 2.9 billion in cash reserves. At the same time, the residual (book value) of fixed and non-produced assets stood at GEL 2.5 billion.

The average annual number of employees in financial services enterprises in 2024 was approximately 42,500, with women representing 65.9% of the workforce.

GeoStat also reports that in 2024, insurance companies generated gross premiums totalling GEL 1.1 billion. Of this, 41.7% was from medical insurance, 11.8% from property insurance, 9.2% from life insurance, 6.7% from civil liability insurance related to land transport, 1.4% from accident insurance, and the remaining 29.2% was spread across other insurance types.

In the same year, insurance companies paid out a total of GEL 707.6 million in claims. Of this amount, 52.6% was allocated to medical insurance, 5.5% to life insurance, 4.6% to civil liability insurance related to land transport, 4.5% to property insurance, 0.3% to accident insurance, and the remaining 32.5% covered other insurance categories.