TBC Insurance JSC
T'bilisi, Tbilisi
- UEI
- K282Z5G4MDG9
- CAGE
- SGYU7
- Primary NAICS
- 524114 Direct Health and Medical Insurance Carriers
- SAM.gov registration
- Active through
Company facts
- FY2025 rankings
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- Other NAICS codes in SAM.gov
- SAM.gov registration date
- Physical address
- Alexander Kazbegi Ave, T'bilisi, Georgia
- Website
- tbcinsurance.ge
- Founded
- 2016
- Employees
- 251-1K
- Estimated annual revenue
- $50M-$100M
- Industry
-
- Financials
- Insurance
- SIC code
- 63 Insurance Carriers
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | $0 |
| FY2026 | $642,915 |
| FY2025 | $841,654 |
| FY2024 | $1,011,016 |
| FY2023 | $1,250,323 |
Top agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Department of State | $642,915 |
Contract awards
Latest 5 listed here. See the rest on GovTribe.
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About the company
TBC Insurance JSC, a Tbilisi-headquartered Georgian for-profit insurance company, provides health insurance coverage for U.S. Embassy and USAID locally employed staff in Georgia as a prime contractor on non-set-aside delivery orders and indefinite delivery contracts issued by the Department of State and USAID. The vendor operates exclusively as a prime (100% of awards) with no subcontractor role, executes all work directly without subs, and competes under full-and-open procurement with no SBA set-aside designations across its entire federal footprint.
TBC Insurance JSC holds a single dominant customer relationship: the Department of State Bureau of European and Eurasian Affairs and the USAID Mission in the Caucasus account for 100% of its 75 awards. The State Department Bureau dominates both volume and dollars, with 54 awards valued at $18.3 million combined potential value, while USAID Caucasus contributes 21 awards worth $445 thousand. The vendor's customer concentration is absolute — no other federal agencies appear in the award portfolio. Work is performed entirely in Georgia, with place of performance fixed to Tbilisi.
Capability scope is narrowly defined: TBC Insurance JSC procures and administers health insurance coverage for eligible U.S. Embassy staff, USAID personnel, and their family members in Georgia. Representative delivery orders include a $196,449 order for September through November 2026 covering 90% employee participation (awarded August 27, 2026), a $182,549 order for March through May 2026 at 90% participation (awarded January 29, 2026), and a $21,068.63 order for September through November 2025 at 10% participation (awarded August 14, 2025). All delivery orders follow a quarterly structuring pattern split between two tranches covering 90% and 10% employee participation respectively, with fixed-price terms and economic price adjustment provisions.
The vendor operates under two parent vehicles. The primary vehicle is Indefinite Delivery Contract 19GG8020D0002, a single-award IDC issued by the Bureau of European and Eurasian Affairs with a $3.4 million ceiling running through March 31, 2025 (now expired). This vehicle carried 64 task orders valued at $4.3 million combined potential value. A successor single-award IDC (19GG8025D0001) was awarded September 1, 2025, with a $4.9 million ceiling through August 31, 2026, carrying 9 task orders worth $853 thousand. The vehicles reflect the Department of State's established reliance on TBC Insurance JSC as the sole health insurance provider in Georgia; TBC has maintained this contracting relationship continuously since April 2020 through successive IDC awards and quarterly delivery orders.
Activity has remained flat across the past five years — 12 awards in 2022, 11 in 2023, 13 in 2024, 11 in 2025, and 5 year-to-date in 2026 — reflecting the stable, recurring nature of quarterly health insurance procurement. Two awards (combined potential value $218 thousand) complete within the next twenty-four months, presenting minimal recompete exposure. Recent activity is concentrated in the preceding successor IDC vehicle; the earlier vehicle expired in March 2025 and has been fully replaced.
The vendor operates on NAICS 524210 (Insurance Agencies and Brokerages) and PSC B920 (Social – Non-Government Insurance Programs). TBC Insurance JSC's entire federal footprint is dedicated to a single procurement stream: quarterly delivery orders for health benefits administration supporting U.S. diplomatic and development missions in Georgia, with no diversification across customer agencies, programs, or service lines visible in the award history.
Quick answers
Is TBC Insurance JSC registered in SAM.gov?
Yes. TBC Insurance JSC's SAM.gov registration is active through August 10, 2027.
How much has TBC Insurance JSC received in federal contracts?
Federal contracts obligated $841,654 to TBC Insurance JSC in fiscal year 2025 and $3,745,908 in fiscal years 2023 through 2027.
How does TBC Insurance JSC rank among federal contractors?
TBC Insurance JSC ranked #10 in PSC G009, #14 in NAICS 52421 and #39 in NAICS 5242 in FY2025.
What is TBC Insurance JSC's most recent federal award?
TBC Insurance JSC's most recent federal contract award is To-LES health insurance sept_NOV 2026 (90%EMB) (19GG8026F0652), from US Embassy Tbilisi (DOS), on August 27, 2026.
On GovTribe
See TBC Insurance JSC's full federal record
- Federal contract awards
- IDV awards
- Funding analysis by agency, NAICS and set-aside
- Similar vendors