Leverage and Valuation Overview
Private large
portfolio companies
EXTERNALLY VALUED
MEDICAL INSURANCE BUSINESS OVERVIEW
Largest medical insurer in the country with 19%¹ market share Offering a variety of medical
insurance products, with a wide distribution network to the Georgian population
Market share by net premium revenue¹
GCAP medical insurance
Vienna Insurance Group
Ardi
PSP
IC Group
5
Alpha
6
Other
18
Georgia Capital PLC | 1. ISSSG as of 30-Sep-23.
50
57
97
40
19%
33%
c.169,000
17%
Number of insured clients
6%
2%
2%
65
21%
GEORGIA
CAPITAL
BUSINESSES MAJOR GROWTH DRIVERS
Increase market share by growing the book
■ Increase "managed flow" through customer-centric process
■ Enhance gross profit through distribution of non-PMI²
products to the book - developing "fee business"
⑥Medium to long-term targets
■ Combined ratio <97%
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