Renewable Energy Business Overview
OPERATING PERFORMANCE DEVELOPMENT
ACROSS PRIVATE LARGE PORTFOLIO COMPANIES (CONT'D)
INSURANCE
KEY DRIVERS
Net premiums earned up 18.0% y-o-y in
3Q21, reflecting rebounding demand
and increased prices of insurance
policies
In the P&C Insurance, number of
policies written up 33.2% y-o-y in 3Q21,
reflecting a 22.1% y-o-y increase in the
number of policies written to corporate
clients
Combined ratio down 1.9 ppts y-o-y to
85.4% in 3Q21, driven by 1.9 ppts y-o-y
decrease in the expense ratio
GEL MILLION
GROSS PREMIUMS WRITTEN
+12.7%
+8.6%
+15.3%
158
145
137
59
68
55
+9.5%
NET INCOME DEVELOPMENT
-13.3%
+21.4%
-5.8%
GEORGIA
CAPITAL
+0.7%
17.3
16.1
16.3
3.8
3.2
4.1
36
37
41
13
11
11
7.5
6.5
5.4
2.4
1.8
1.5
25
26
29
29
78
82
22
99
5.2
3.9
4.7
13.5
12.0
13.1
3Q19
3Q20
3Q21
9M19
9M20
9M21
3Q19
3Q20
3Q21
9M19
9M20
9M21
P&C
Medical
- Total
P&C
Medical
-
Total
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