1Q23 Performance Overview

Thousands Private large portfolio companies EXTERNALLY VALUED + MEDICAL INSURANCE BUSINESS OVERVIEW (CONT'D) NUMBER OF INSURED & RENEWAL RATE 76.9% 77.5% 78.0% 77.4% 74.3% 73.4% 73.4% 69.7% 67.7% +7.4% 234 236 211 174 155 157 165 164 170 159 82.7% GEL million REVENUE (NET INSURANCE PREMIUMS EARNED) 2015 2016 2017 2018 2019 2020 2021 2022 1Q22 1Q23 2015 2016 2017 COMBINED RATIO -3.7 ppts 96.7% 104.7% 102.5% 94.0% 96.1% 90.6% 97.4% 99.4% 99.5% 95.8% 84.1% 78.7% 84.2% 77.3% 81.4% 73.0% 79.3% 81.0% 81.0% 80.5% GEL million 74.8 75.4 69.5 72.4 +23.3% 58.6 61.5 53.7 55.1 GEORGIA CAPITAL 17.7 21.8 2018 2019 2020 2021 2022 1Q22 1Q23 NET PROFIT 6.4 4.4 3.8 +183.2% 3.4 2.9 1.8 1.8 0.6 (2.6) 18.0% 20.6% 18.3% 16.8% 14.7% 17.6% 18.1% 18.5% 18.5% 15.3% (4.9) 2015 2016 2017 2018 2019 2020 2021 2022 1Q22 1Q23 2015 2016 2017 2018 2019 2020 2021 2022 1Q22 1Q23 88

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