P&C Insurance and Beverages Business Financial Overview

Two new strategic priorities Over time Georgia Capital will: 1. Decrease share of listed assets to 20% and 2. manage third-party money Over the next 5 years we will reshape our 31-Dec-2019 balance sheet In 5 years GEORGIA CAPITAL GEORGIA CAPITAL 20% Management company 54% 46% 80% Third-party managed capital GCAP investment portfolio Private Listed Private Listed Page 14

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