Portfolio Valuation and Ameriabank Acquisition Update
Thousands
Private large
portfolio companies
EXTERNALLY VALUED
+
MEDICAL INSURANCE BUSINESS OVERVIEW (CONT'D)
NUMBER OF INSURED & RENEWAL RATE
81.8%
83.9%
76.9%
77.5%
78.0%
77.4%
77.3%
74.3%
73.4%
73.4%
69.7%
+3.3%
+3.3%
234
211
155
157
236
174
165
164
169
164
169
COMBINED RATIO
GEL million
REVENUE (NET INSURANCE PREMIUMS EARNED)
+22.0%
91.3
75.4
72.4 74.9
69.5
61.5
58.6
53.7 55.1
GEORGIA
CAPITAL
+17.5%
2015
2016
2017
2018
2019
2020
2021
2022
2023
4Q22
4Q23
2015 2016 2017 2018
2019 2020 2021 2022 2023 4Q22 4Q23
-4.7 ppts
-2.5 ppts
104.7%
102.5%
96.7%
94.1%
96.1%
97.4%
99.5%
94.8%
95.1%
92.6%
90.6%
84.1%
78.7%
84.2%
77.3% 81.4%
79.3%
81.0%
73.0%
78.2%
77.7% 73.9%
GEL million
24.8
21.1
NET PROFIT
+91.8%
6.5
+12.6%
6.4
4.4
2.9
1.8
3.8
3.4
2.2
1.9
(2.6)
8.0%
20.6% 18.3%
16.8%
14.7%
17.6% 18.1% 18.5%
16.6%
2015
2016
2017
2018
2019
2020
2021
2022
2023
4Q22
17.4% 18.7%
4Q23
(4.9)
84
2015 2016 2017
2018 2019
2020 2021 2022 2023 4Q22 4Q23
Georgia Capital PLC | General note: 4Q22 and FY22 results have been retrospectively adjusted for IFRS 17 impact.View entire presentation