Georgia Capital Shareholder and Market Opportunity Overview
Thousands
Private large
portfolio companies
EXTERNALLY VALUED
MEDICAL INSURANCE BUSINESS OVERVIEW (CONT'D)
NUMBER OF INSURED & RENEWAL RATE
Retention rate within the Group (%)
19.2%
23.3% 34.7%
39.4%
37.4%
37.3%
40.0%
35.9%
75.1%
76.9%
77.5%
73.4%
73.4%
400
69.7%
71.5%
65.3%
300
234
236
211
174
178
200
155
157
172
100
0
2015
2016
2017
2018
Number of Insured, thousands
20191
20201
1Q201
1Q21
Renewal Rate
COMBINED RATIO
-5.5ppts
-1.0ppts
104.7%
102.5%
96.7%
94.0%
96.1%
96.9%
95.9%
90.6%
84.1%
78.7%
84.2%
77.3%
81.4%
73.0%
79.8%
77.9%
18.0%
20.6%
18.3%
16.8%
14.7%
17.6%
17.1%
18.0%
2015
2016
2017
2018
2019
2020
1Q20
1Q21
Expense ratio
Loss ratio
Georgia Capital PLC | 1. Adjusted for HTMC.
GEL million
GEL million
90
60
60
30
REVENUE (NET INSURANCE PREMIUMS EARNED)
-7.8%
75.4
69.5
61.5
58.6
53.7
55.1
-4.4%
GEORGIA
CAPITAL
18.1
17.3
0
2015
2016
2017
2018
2019
2020
1Q20
1Q21
1.8
NET PROFIT
+45.9%
6.4
4.4
+86.4%
2.9
1.2
0.7
2015
2016
2017
2018
2019
2020
1Q20
1Q21
(2.6)
(4.9)
52
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