GEORGIAN ECONOMY TODAY Real GDP Y-o-Y Growth Rate (%) 2008 2009 - PowerPoint PPT Presentation

GEORGIAN ECONOMY TODAY Real GDP Y-o-Y Growth Rate (%) 2008 2009 2010 2011 2012 2013 2014 2015 *Source: The World Bank Record, Geostat.ge. 2

INSURANCE DENSITY AND PENETRATION INSURANCE PENETRATION GPW/GDP, 2014 Insurance consumption determinants ✔ as density and penetration in insurance are extremely low in Georgia. INSURANCE DENSITY Mandatory MTPL introduction will reveal ✔ in significant positive changes of GPW PER CAPITA USD, 2014 consumption determinants from 2016 Source: WORLD INSURANCE IN 2014, SIGMA REPORTS : HTTP://WWW.SWISSRE.COM/SIGMA/ 3

NEED INSURANCE . . . 25- YEAR HISTORY OF ALDAGI’S EVOLUTION AND SUCCESS 1990 1998 2004 Founding of the first Founding of insurance Bank of Georgia private insurance company BCI acquisition of BCI ✔ FIRST INSURANCE COMPANY company IN GEORGIA. ALDAGI MAINTAINS ITS LEADING POSITION OVER THE YEARS. ✔ BROAD RANGE OF PRODUCTS, INNOVATIVE, NEW OFFERINGS, 2014 2006-2007 FROM FINANCIALLY STRONG AND STABLE COMPANY • BCI acquisition of Company Split into pure Aldagi P&C Insurance and • Largest merger on the Healthcare Business ✔ market - Aldagi BCI MANY YEARS OF EXPERIENCE, BEST INSURANCE DECISIONS, INDIVIDUALLY TAILORED OPTIMAL COVERAGE. MEMBER OF BANK OF ✔ GEORGIA FINANCIAL GROUP, 2013 2012 2009 STABLE PARTNER FOR YOUR Restyling of Aldagi Imedi L acquisition by Aldagi BCI is rewarded BUSINESS, LISTED ON THE Brand Aldagi BCI as the best insurer of MAIN MARKET OF THE the year by Euromoney LONDON’S STOCK EXCHANGE 4

P&C INSURANCE MARKET P&C Insurance Market share by GPW (USD) ALDAGI is the leader on the P&C insurance market with GPW of USD 29.5 million for 2015 35% market share by GPW compared to 22% market share of the nearest competitor GPI Holding. 83.8 USD ‘000 2014 2015 Millions Aldagi GPW 32,973 29,531 P&C Insurance Market by GPW (USD) 90 84 79 73 71 64 65 64 45 SOURCE: State Insurance Supervision Service of Georgia 5

P&C INSURANCE MARKET P&C Market GPW P&C Market Share by Lines AMOUNTS IN '000 USD, 2015 2015 SOURCE: State Insurance Supervision Service of Georgia 6

ALDAGI BUSINESS DEVELOPMENT DYNAMICS INSURANCE MARKET TRENDS BY LINES (2015) Gross Premiums Written Aldagi - AMOUNTS IN '000 USD 16,000 13,872 14,000 11,622 12,000 11,480 PA & Life 10,544 9,571 10,000 10,612 Motor 8,345 9,544 Specialty Lines 7,530 7,429 8,000 Cargo & Liabilities 5,587 6,000 5,014 4,737 Property Engineering & Agro 4,312 3,794 3,193 4,338 4,000 2,954 3,769 3,006 2,662 2,639 1,844 1,952 2,000 1,106 782 342 1,328 112 154 0 2010 2011 2012 2013 2014 2015 ALDAGI TRENDS BY LINES (2014) Gross Premiums Written Market - AMOUNTS IN '000 USD 40,000 35,000 34,735 30,000 28,947 PA & Life 26,066 27,034 24,760 23,884 23,695 25,000 Motor 23,599 19,826 21,510 18,948 Specialty Lines 20,000 17,291 Cargo & Liabilities 15,417 13,522 15,000 12,150 13,895 Property Engineering & Agro 11,566 10,694 10,000 7,347 11,290 10,343 10,742 10,268 8,885 4,128 3,933 5,000 2,642 2,617 4,603 2,077 0 2010 2011 2012 2013 2014 2015 SOURCE: State Insurance Supervision Service of Georgia 7

P&C INSURANCE MARKET P&C ALDAGI GPW P&C ALDAGI Shares by Lines AMOUNTS IN '000 USD, 2015 2015 SOURCE: State Insurance Supervision Service of Georgia 8

ALDAGI – KEY FIGURES SOURCE: State Insurance Supervision Service of Georgia. *Includes P&C and Health Insurance Market Figures. 9

ALDAGI UW Performance ALDAGI Loss ratio by lines, 2014 ALDAGI Loss ratio by lines, 2015 SOURCE: State Insurance Supervision Service of Georgia 10

ALDAGI Reinsurance Policy Reinsurance share in GPW for Treaty Business by Lines SOURCE: State Insurance Supervision Service of Georgia 11

CONTACT INFORMATION THANK YOU FOR YOUR ATTENTION! In case of your interest please contact our reinsurance team: Treaty Placement: (Ms) Lali Baslandze Reinsurance Manager Direct Line: +995 32 2 444 999 (ext. 4506) Mobile: +995 593 74 90 50 lbaslandze@aldagi.ge Large Facultative Accounts: (Mr) Shota Svanadze Head of Reinsurance Front Office Division Direct Line: +995 32 2 444 999 (ext. 5507) Mobile: +995 599 76 76 77 ssvanadze@aldagi.ge General Issues: (Mr) Guram Mirzashvili Director of Department of Underwriting, Reinsurance and Actuarial Research Direct Line: +995 32 2 444 999 (ext. 5513) Mobile: +995 577 729911 gmirzashvili@aldagi.ge 12