Investor Presentaiton
Aldagi financial highlights
Income Statement
Change
Change
GEL thousands, unless otherwise noted
Gross premiums written
Earned premiums, gross
Earned premiums, net
1Q18
1Q17
4Q17
y-o-y
q-o-q
18,114
18,907
(4.2%)
17,962
0.8%
19,950
18,520
7.7%
21,891
(8.9%)
14,925
14,436
3.4%
16,578
(10.0%)
Insurance claims expenses, gross
(7,520)
(10,700)
(29.7%)
(13,452)
(44.1%)
Insurance claims expenses, net
(6,092)
(5,637)
8.1%
(7,207)
(15.5%)
Acquisition costs, net
(1,413)
(1,677)
(15.7%)
(2,662)
(46.9%)
Net underwriting profit
7,420
7,122
4.2%
6,709
10.6%
Investment income
831
767
8.3%
814
2.1%
Net Fee and commission income
145
99
46.5%
142
2.1%
Net investment profit
976
866
12.7%
956
2.1%
Salaries and employee benefits
(2,129)
(1,978)
7.6%
(2,258)
(5.7%)
Selling, general and administrative expenses
(928)
(893)
3.9%
(830)
11.8%
Depreciation & Amortisation
(232)
(234)
(0.9%)
(135)
71.9%
Impairment charges
(208)
(242)
(14.0%)
(82)
153.7%
Net other operating income
199
172
15.7%
163
22.1%
Operating profit
Foreign exchange (loss)/gain
Pre-tax profit
Income tax expense
Net profit
5,098
4,813
5.9%
4,523
12.7%
(503)
(425)
18.4%
452
NMF
4,595
4,388
4.7%
4,975
(7.6%)
(693)
(638)
8.6%
(806)
(14.0%)
3,902
3,750
4.1%
4,169
(6.4%)
GEORGIA
CAPITAL
Page 47View entire presentation