Investor Presentaiton

Thousands Private large portfolio companies EXTERNALLY VALUED MEDICAL INSURANCE BUSINESS OVERVIEW (CONT'D) NUMBER OF INSURED & RENEWAL RATE REVENUE (NET INSURANCE PREMIUMS EARNED) Retention rate within the Group1 (%) 19.2% 23.3% 34.7% 39.4% 37.4% 37.3% 39.7% 36.5% 39.9% 36.2% 75.1% 76.9% 77.5% 77.1% 76.9% 73.4% 73.4% 400 69.7% 71.3% 74.1% 300 234 236 211 174 175 200 155 157 168 175 168 100 0 2015 2016 2017 2018 2019 2020 2Q20 2Q21 1H20 1H21 Number of Insured, thousands Renewal Rate COMBINED RATIO +14.5ppts +6.6ppts 96.7% 104.7% 102.5% 101.9% 94.0% 99.0% 96.1% 90.6% 92.4% 87.4% 84.1% 78.7% 84.2% 77.3% 84.0% 81.4% 73.0% 66.4% 73.4% 81.0% 18.0% 20.6% 18.3% 16.8% 14.7% 17.6% 21.0% 17.9% 18.9% 18.0% 2015 2016 2017 2018 2019 2020 2Q20 2Q21 1H20 1H21 Expense ratio Loss ratio Georgia Capital PLC | 1. 2019 and 2020 numbers are adjusted to exclude HTMC hospital. GEL million GEL million 90 00 60 60 30 75.4 69.5 58.6 61.5 53.7 55.1 +8.7% +1.8% 34.6 35.2 16.5 17.9 0 2015 2016 2017 2018 2019 2020 2Q20 2Q21 1H20 1H21 NET PROFIT 6.4 -46.6% -91.4% 4.4 2.9 2.6 2.0 1.8 1.4 0.2 GEORGIA CAPITAL (2.6) (4.9) 2015 2016 2017 2018 2019 2020 2Q20 2Q21 1H20 1H21 59

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