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Private large portfolio companies EXTERNALLY VALUED P&C INSURANCE BUSINESS OVERVIEW GEORGIA CAPITAL COMBINED RATIO Financial Highlights 2Q21 1H21 -0.6ppts +7.3ppts +1.7ppts 82.1% 81.5% 80.2% 80.3% 82.0% Earned premiums gross 30.3m 57.2 77.5% 73.9% 75.2% 75.4% 72.6% 73.0% Change (y-o-y) +26.0% +22.5% 41.6% 44.0% Cash flow from operations 1.8m 9.1m 35.6% 42.8% 38.2% 35.4% 40.0% ----- 38.9% 49.4% Change (y-o-y) +97.7% -8.5% 38.3% 34.7% 37.2% 35.2% 37.3% 40.6% -------- 37.6% 34.0% 30.8% -------- -------- 43.8% 49.5% 36.4% 32.5% 2014 2015 2016 2017 2018 Expense Ratio - • Combined Ratio 2019 2020 2Q20 2Q21 1H20 1H21 Loss Ratio Operating Metrics 2Q21 1H21 Number of policies written (corporate) 14,353 43,562 Change (y-o-y) +16.3% +1.8% PROFIT & DIVIDEND PAYOUT RATIO (GEL million) Number of policies written (retail) 37,217 76,173 ROAE 28% 37% 37% 38% 34% 30% 25% 29% 23% 25% 23% Change (y-o-y) +41.1% +52.7% Number of claims reported 5,027 8,988 CAGR 15% 18 18 16 17 +2.4% Change (y-o-y) +70.2% +37.0% 64% 14 -14.4% 11 Renewal rate (corporate) 85.7% 85.2% 68% 61% 7 51% 55% Change (y-o-y) +3.4ppts +0.7ppts 8.2 8.3 4.9 4.2 Renewal rate (retail) 71.6% 73.1% Change (y-o-y) +13.0ppts +12.0ppts 2014 2015 2016 2017 2018 1 2019 2020 2Q20 2Q21 1H20 1H21 Profit Dividend Payout Ratio Georgia Capital PLC | 1. Adjusted for non-recurring items. 62 62

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