Investor Presentaiton
Private large
portfolio companies
EXTERNALLY VALUED
Thousands
+
MEDICAL INSURANCE BUSINESS OVERVIEW (CONT'D)
NUMBER OF INSURED & RENEWAL RATE
REVENUE (NET INSURANCE PREMIUMS EARNED)
19.2% 23.3% 34.7% 39.4% 37.4% 37.3% 36.3% 37.1%
35.9% 32.5%
82.7%
76.9%
74.3%
73.4%
69.7%
234
77.5%
+
236
78.0% 77.4%
73.4%
67.7%
+7.4%
211
174
165
155
157
164
170
159
2015 2016 2017
2018 2019 2020 2021 2022 1Q22
1Q23
COMBINED RATIO
-5.0 ppts
96.7% 104.7% 102.5%
94.0% 96.1% 90.6% 97.4% 99.3%
100.7% 95.7%
84.1%
78.7%
84.2%
77.3%
81.4%
73.0%
79.3%
81.0%
82.0%
80.5%
GEL million
GEL million
1.8
74.8
75.4
69.5
72.4
+23.3%
58.6
61.5
53.7 55.1
GEORGIA
CAPITAL
17.7
21.8
2015
2016
2017
2018 2019
2020
2021 2022 1Q22 1Q23
NET PROFIT
6.4
4.4
2.9
+183.4%
3.8
3.4
8.0%
20.6%
18.3%
16.8%
14.7%
17.6%
18.1%
18.3%
18.7%
15.2%
2015
2016
2017
2018
2019
2020
2021
2022
1Q22
1Q23
2015
2016
2017
2018
2019
2020
2021
2022
1Q22
1Q23
Georgia Capital PLC | 1. 2019 and 2020 numbers are adjusted to exclude HTMC hospital.
(2.6)
(4.9)
1.8
0.6
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