Investor Presentaiton
OPERATING PERFORMANCE DEVELOPMENT
ACROSS PRIVATE LARGE PORTFOLIO COMPANIES (CONT'D)
INSURANCE
KEY DRIVERS
Net premiums earned up 14.9% y-o-
y in 2Q21, reflecting rebounding
demand and increased prices of
insurance policies.
The number of new policies written
in the P&C Insurance up 33.2% y-o-y
in 2Q21.
Combined ratio up 10.2 ppts y-o-y
to 90.3% in 2Q21 due to higher
passenger mobility following the
removal of pandemic-related
lockdown restrictions.
GEL MILLION
GROSS PREMIUMS WRITTEN
+23.9%
+13.0%
54
48
43
9
12
12
+7.3%
109
99
99
56
43
33
+17.5%
117
NET INCOME DEVELOPMENT
GEORGIA
CAPITAL
+0.1%
-9.5%
46
-13.3%
10.8
9.7
9.7
-36.5%
1.4
2.6
1.4
6.8
5.0
2.0
4.3
1.0
0.2
32
36
44
53
56
70
70
4.0
4.9
4.2
8.3
8.2
8.3
2Q19
■P&C
2Q20
Medical
2Q21
- Total
1H19
1H20
1H21
2Q19
2Q20
2Q21
1H19
1H20
1H21
■ P&C
Medical
- Total
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