Georgia Capital PLC Financial and Operational Report
Thousands
Private large
portfolio companies
EXTERNALLY VALUED
+
MEDICAL INSURANCE BUSINESS OVERVIEW (CONT'D)
NUMBER OF INSURED & RENEWAL RATE
85.0% 83.6%
83.2%
74.3%
76.9%
77.5%
78.0%
77.4%
73.4%
73.4%
75.6%
69.7%
+6.6%
234
236
+6.6%
211
174
155
157
165
164
160
171
171
160
96.7% 104.7% 102.5% 94.1%
GEL million
REVENUE (NET INSURANCE PREMIUMS EARNED)
GEORGIA
CAPITAL
+23.7%
75.4
58.6
61.5
72.4
69.5
74.8
66.6
53.7 55.1
+21.2%
53.8
17.4 21.1
2015
2016
2017
2018
2019
2020
2021
2022
3Q22 3Q23
9M22 9M23
2015 2016 2017
2018
COMBINED RATIO
2019 2020 2021 2022 3Q22 3Q23 9M22 9M23
NET PROFIT
96.1% 90.6% 97.4%
99.5%
101.0%
94.6%
101.1% 95.5%
-5.6 ppts
-6.4 ppts
84.1%
78.7%
84.2%
77.3%
81.4%
73.0%
79.3% 81.0%
81.3%
77.6%
82.2%
79.7%
18.0% 20.6% 18.3% 16.8%
14.7%
2015
2016
2017
2018
2019
2020
17.6% 18.1% 18.5% 19.7% 17.0% 18.9% 15.8%
3Q22 3Q23 9M22 9M23
Georgia Capital PLC | General note: 3Q22 and 9M22 results have been retrospectively adjusted for IFRS 17 impact.
2021
2022
GEL million
4.4
2.9
1.8
6.4
+253.0%
3.8
3.4
1.5
1.1
0.3
+198.2%
4.3
2015 2016 2017 2018 2019 2020 2021 2022 3Q22 3Q23 9M22 9M23
(2.6)
(4.9)
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