Investor Presentaiton
Private large
portfolio companies
EXTERNALLY VALUED
MEDICAL INSURANCE BUSINESS OVERVIEW (CONT'D)
Thousands
NUMBER OF INSURED & RENEWAL RATE
Retention rate within the Group (%)
19.2%
23.3%
34.7%
39.4%
37.4%
37.3%
75.1%
76.9%
77.5%
73.4%
73.4%
400
69.7%
300
234
236
211
174
200
155
157
100
0
2015
2016
2017
Number of Insured, thousands
COMBINED RATIO
2018
20191
20201
Renewal Rate
-5.5ppts
-11.0ppts
104.7%
102.5%
96.7%
94.0%
96.1%
99.6%
90.6%
88.6%
84.1%
84.2%
78.7%
77.3%
81.4%
73.0%
84.6%
70.5%
18.0%
20.6%
18.3%
16.8%
14.7%
17.6%
15.0%
18.1%
2015
2016
2017
2018
2019
2020
4Q19
4Q20
â– Expense ratio
Loss ratio
- Combined ratio
Georgia Capital PLC | 1. Adjusted for HTMC.
GEL million
GEL million
90
90
60
60
30
REVENUE (NET INSURANCE PREMIUMS EARNED)
-7.8%
75.4
69.5
61.5
58.6
53.7
55.1
-7.8%
GEORGIA
CAPITAL
19.6
18.0
0
2015
2016
2017
2018
2019
2020
4Q19
4Q20
1.8
NET PROFIT
+45.9%
6.4
4.4
Up 3.7x
2.9
2.3
0.6
2015
2016
2017
2018
2019
2020
4Q19
4Q20
(2.6)
(4.9)
50
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