Investor Presentaiton

P&C INSURANCE BUSINESS | SEGMENT RESULTS IN FY20 Well-diversified business model Other (6) GEORGIA CAPITAL Credit life (4) Liability(5) GEL 36mln GEL 31mln GEL 36mln 28% 35% Key Segments Market size (3Q20) (1) Aldagi market share (1) Motor(2) Property (3) GEL 107mln GEL 63mln # of Clients 23% Corporate -1,344 Retail 28,951 36% Corporate - 1,018 Retail 11,638 Retail 3 channels Financials FY20 Net profit Underwriting Earned profit, net premiums, net Earned premiums, gross սլա սլա GEL 72.1 GEL 102.2 GEL 31.2 mln GEL 17.0 սլա Loss ratio: 44.0% Combined ratio: 81.5% 2014-2020 CAGR 10% GEL 32.3mln 2014-2020 CAGR 10% Corporate 1,070 Retail - 778 2014-2020 10% CAGR 6% 2014-2020 CAGR 25% 2014-2020 2014-2020 0% 7% CAGR 19% CAGR 19% 41% 46% 54% 59% 100% 90% GEL 28.3mln 2014-2020 CAGR 13% 41% 23% 59% 93% GEL 13.8mln GEL 15.9mln GEL 11.9mln 2014-2020 CAGR 27% 0% 2014-2020 CAGR 14% 2014-2020 CAGR 16% 159 46% 54% 22% Corporate - 809 Retail 16,245 (1) Sources: Insurance State Supervision Service of Georgia. Market shares by earned premium gross. (2) Motor own damage, motor third party liability insurance. (3) Contractor's all risks insurance (CAR), Commercial property, Household Property, Machinery breakdowns insurance. (4) Loan-linked life insurance. (5) Financial risk, employer's liability, professional indemnity, General third party liability insurance (GTPL), Freight Forwarders' liability (FFL), Household GTPL, Product liability insurance. (6) Cargo, Contractor's Plant And Machinery insurance (CPM), Livestock, Bankers blanket bond insurance (BBB), Directors and officers liability Insurance (D&O), Agro insurance. 77% 100% 85% GEL 32.1mln GEL 11.7mln GEL 13.7mln GEL 7.1mln GEL 7.5mln 2014-2020 CAGR 6% 2014-2020 CAGR 13% 25% 2014-2020 CAGR 0% 0% 2014-2020 CAGR 14% 9% 2014-2020 CAGR 22% 43% 39% 57% 61% 75% 100% 91% GEL 8.7mln 2014-2020 CAGR 4% GEL9.3mln 34% 2014-2020 CAGR 17% 26% GEL 2.5mln GEL 5.4mln GEL 5.3mln 2014-2020 CAGR -3% 2014-2020 CAGR 18% 8 2014-2020 CAGR 30% 38% 100% 66% 62% 74% GEL 2.3mln GEL 6.3mln GEL 1.4mln Corporate - 62% Retail - 59% Corporate-99% Corporate - 4% Retail - 0% Retail - 83% 92% GEL 3.6mln GEL 3.4mln Corporate - 0% Retail -53% Corporate Retail Corporate -54% Retail - 93% Retail - 97% Retail - 47% Corporate-52% Retail - 77% Corporate - 2% Retail - 2% Corporate -56% Retail - 70% 97

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