OPEX Ratio Alignment & Portfolio Valuation Overview
Private large
portfolio companies
EXTERNALLY VALUED
+
MEDICAL INSURANCE BUSINESS OVERVIEW (CONT'D)
NUMBER OF INSURED & RENEWAL RATE
Retention rate within the Group1 (%)
19.2% 23.3% 34.7% 39.4% 37.4% 37.3% 36.3%
36.5% 38.9%
36.2% 37.5%
Thousands
76.9%
77.5%
78.0%
76.9%
74.3% 73.4%
73.4%
74.1%
69.7%
70.5%
70.5%
-4.9%
-4.9%
234
211
155
157
236
174
165
168
160
168
160
GEL million
REVENUE (NET INSURANCE PREMIUMS EARNED)
75.4 69.5
72.4
58.6
61.5
+0.5%
53.7 55.1
2015 2016 2017
2018 2019 2020 2021 2Q21 2Q22
1H21
1H22
2015 2016
COMBINED RATIO
96.7%
104.7% 102.5% 94.0% 96.1% 90.6% 97.4% 101.9% 106.7%
99.0% 103.8%
+4.5ppts
+4.6ppts
84.1%
78.7%
84.2%
77.3%
79.3%
84.0%
87.5%
81.0%
84.8%
81.4%
73.0%
+0.8%
35.2 35.5
17.9
18.0
2017 2018 2019 2020 2021 2Q21 2Q22 1H21 1H22
NET PROFIT
6.4
4.4
2.9
1.8
3.8
-84.3%
0.2
1.4
0.2
(2.6)
18.0%
20.6%
18.3%
16.8%
2015
2016
2017
2018
14.7%
2019
17.6% 18.1% 17.9%
19.2%
18.0%
19.0%
(4.9)
2020
2021
2Q21
2Q22
1H21
1H22
2015
2016
2017
2018
2019
2020
2021
2Q21
2Q22
1H21
1H22
Georgia Capital PLC | 1. 2019 and 2020 numbers are adjusted to exclude HTMC hospital.
(0.2)
GEORGIA
CAPITAL
86
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