Investor Presentaiton

P&C INSURANCE BUSINESS | SEGMENT RESULTS IN FY20 Well-diversified business model Financials FY20 Key Segments Market size (1Q20) (1) Motor(2) Property(3) Credit life (4) Liability(5) GEL 38mln GEL 19mln GEL 11mln GEL 9mln Aldagi market share (1) # of Clients 22% Corporate 1,258 Retail - 26,910 33% 28% 35% Corporate -1,030 Retail - 10,304 Retail 3 channels Corporate-984 Retail - 848 Earned premiums, gross Underwriting Earned profit, net premiums, net Loss ratio: 43.8% GEL 15 mln GEL 34.7mln GEL 46.7 mln 2014-2019 CAGR 14% GEL 16.1mln 2014-2019 CAGR 14% 42% 58% 2014-2019 CAGR 4% 12% 2014-2019 CAGR 29% 2014-2019 0% CAGR 14% 119 100% 88% GEL 12.7mln GEL 6.5mln GEL 4.8mln 2014-2019 CAGR 16% 2014-2019 CAGR 32% 2014-2019 0% CAGR 18% 17% 27% 41% 59% GEL 16.0mln GEL 5.6mln 2014-2019 2014-2019 18% CAGR 13% CAGR 3% 40% 60% 73% 89% Other (6) GEL 8mln 16% Corporate - 885 Retail 19,366 2014-2019 CAGR 28% 30% 70% GEL 6.6mln 2014-2019 CAGR 24% 33% 67% GEORGIA CAPITAL (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, Banker's blanket bond insurance (BBB), Directors and officer's liability Insurance (D&O), Agro insurance. 100% 83% GEL 6.5mln GEL 2.9mln GEL 3.7mln 2014-2019 CAGR 10% 0% 2014-2019 CAGR 14% 11% 2014-2019 CAGR 33% 18% 100% 82% 89% 82% GEL 5.8mln GEL3.7mln GEL 0.8mln GEL 2.2mln GEL 2.5mln 1% 2014-2019 CAGR 16% 30% 2014-2019 CAGR 6% 12% 2014-2019 CAGR 11% 0% 2014-2019 CAGR 20% 2014-2019 CAGR 49% 70% 100% GEL 2.0mln Corporate -54% Retail - 49% GEL 2.7mln 88% Corporate-10% Retail -32% GEL 0.2mln Retail - 88% Combined ratio: 80.3% Corporate - 92% Corporate - 52% Retail - 97% Retail - 87% Retail - 81% GEL 1.6mln 99% GEL 1.7mln 95% Corporate Retail Corporate - 0% Retail -50% Corporate -47% Retail - 97% Corporate - 3% Retail - 10% Corporate-48% Retail - 94% 94 94

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