Bank of Georgia Financial Overview
ABCI market share & market Gross Premiums Written
ABCI share in non-life insurance market
ABCI share in total market
(life & non-life)
GEL mln
400
351
351
350
300
18.6%
250
200
150
100
50
2009
Market GPW, non-life
33.4% market share
with Imedi L
30.0%
GEL mln
25.0%
400
360
361
30.0%
252
350
20.0%
25.0%
18.4%
17.2%
300
263
15.0%
18.6%
250
17.1%
20.0%
200
19.0%
15.0%
10.0%
150
10.0%
5.0%
100
5.0%
0.0%
50
2010
Sep 2011
0.0%
2009
2010
ABCI Share, non-life
Market GPW, total
Sep 2011
ABCI Share, total
Market GPW to Nominal GDP
GEL mln
2.0%
1.9%
1.6%
1.5%
1.3%
1.2%
0.8%
0.4%
0.0%
2009
2010
2011E
Market GPW to Nominal GDP
BANK OF GEORGIA
www.bogh.co.uk
www.bankofgeorgia.ge/ir
Imedi L acquisition
In May 2012 Aldagi BCI acquired 85% equity interest in Imedi L
International, the third largest insurance company in Georgia
Total gross assets of Imedi L comprised GEL 68.0 million as of
31 December 2011, with estimated net assets of GEL 8.0 million
as of 31 March 2012, translating into the valuation of one time net
asset value
The Bank injected GEL 32.5 million into Aldagi BCI to ensure
Imedi L has sufficient capital and liquidity to meet its existing
hospital construction obligations
May 2012
Page 30View entire presentation