3Q23 & 9M23 Performance Overview slide image

3Q23 & 9M23 Performance Overview

Private large portfolio companies EXTERNALLY VALUED P&C INSURANCE BUSINESS OVERVIEW Distribution Mix (GPW %) | 9M23 COMBINED RATIO GEORGIA CAPITAL MTPL Channel 3% +22.8ppts +10.1ppts. Partnerships with Financial Institutions 99.5% 89.7% 73.9% 77.5% 72.6% 75.2% 75.4% 82.1% 81.5% 80.8% 79.2% 76.7% 79.6% 31% 63.3% 35.6% 42.8% 35.4% 40.0% 38.2% 41.6% 44.0% 48.4% 47.3% 45.9% 55.3% 47.3% Direct Sales & Brokers 66% 38.3% 34.7% 37.2% 35.2% 37.3% 40.6% 37.6% 32.4% 2014 2015 2016 2017 2018 2019 2020 2021 34.1% 33.7% -2.2% -2.9% 1.0% -1.7% -0.4% 2022 3Q22 3Q23 9M22 9M23 35.2% 34.0% 34.8% Expense Ratio Loss Ratio Finance ratio Combined Ratio Operating Metrics 3Q23 9M23 PROFIT & DIVIDEND PAYOUT RATIO Number of policies written 35,841 88,393 (corporate) 28% 37% 37% 38% 34% 30% 25% 25% 30% 36% 13% 30% 23% Change (y-o-y) 32.2% 33.4% -15.3% Number of policies written CAGR 14% 21 51,305 153,801 (retail) 18 18 18 16 14 Change (y-o-y) 30.4% 25.1% 7 11 64% 17 88% -61.4% 15.7 13.3 81% 68% 61% 55% Number of claims reported 9,337 51% 20,896 6.5 2.5 Change (y-o-y) 144.9% 65.3% 2014 2015 2016 2017 2018 2019 2020 Profit 20211 2022 3Q22 3Q23 Dividend Payout Ratio 9M22 9M23 Georgia Capital PLC | General note: ROAE is calculated based on net income, adjusted for non-recurring items and average equity, adjusted for preferred shares. 1. Adjusted for non-recurring items. 59
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