OPEX Ratio Alignment & Portfolio Valuation Overview
Private large
portfolio companies
EXTERNALLY VALUED
MEDICAL INSURANCE BUSINESS OVERVIEW
Largest medical insurer in the country with 23%¹ market share Offering a variety of medical
insurance products, with a wide distribution network to the Georgian population
Market share by gross premium revenue¹
Revenue,
GEL millions
GHG in medical insurance
Vienna Insurance Group
Ardi
PSP
14
IC Group
6
Aversi
3
Other
28
Georgia Capital PLC | 1. ISSSG as of 31 December 2021.
47
58
59
23%
35%
14%
7%
3%
2%
16%
48
c.160,000
Number of insured clients
BUSINESSES MAJOR GROWTH DRIVERS
GEORGIA
CAPITAL
Growing the number of insured clients
Enhancing gross profit through the introduction of "fee
business" (such as motor Casco distribution, motor Third
Party Liability distribution)
Increasing retention rates within the Group
Medium to long-term targets
Increase contribution to the Group segments
■ Combined ratio <97%
85
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