KAFOLAT INSURANCE COMPANY INSURANCE MARKET OF UZBEKISTAN INSURANCE

KAFOLAT INSURANCE COMPANY

INSURANCE MARKET OF UZBEKISTAN

INSURANCE MARKET PERFORMANCE 2000, 0 UZS b 176, 3% PREMIUMS WRITTEN CLAIMS PAID 500, 0 1 635. 2 133, 9% 1000, 0 460. 8 927. 4 134, 3% 170, 7% 206, 8% 300, 0 269. 9 692. 6 117, 4% 129, 7% 117, 6% 515. 7 148, 8% 439. 1 500, 0 338. 5 111. 0 66. 9 2013 2014 2015 2016 2017 2018 130. 5 111, 5% 150, 0 2013 74. 6 2014 2015 2016 2017 2018

INSURANCE MARKET PERFORMANCE TOTAL ASSETS UZS b INVESTMENTS 3000 124, 4% 2500 135, 6% 2500 2010. 7 169, 8% 2000 2009. 7 2000 170, 9% 1482. 5 113, 4% 1500 119, 7% 1500 1000 114, 4% 1183. 5 126, 3% 871. 5 121, 5% 1043. 5 1000 690 118, 4% 526. 6 758. 1 867. 5 623. 7 500 0 0 2013 2014 2015 2016 2017 2018

Life and Non-life insurance in 2018 percent Claims paid Insurance premium written Non-life 74 % 43 % Life 26 % Life 57%

STRUCTURE OF THE INSURANCE MARKET IN THE 1 st HALF OF 2019 Association of Insurance market professionals Ministry of finance - Regulatory body Insurance brokers (4) Insurers (35) Non-life insurers (27) Life insurers (8) Subdivisions (1 500) Agents (8 400) Assistances, adjusters and surveyors (22) Guarantee fund on MTPL payments Actuarial Organizations (5)

KAFOLAT INSURANCE COMPANY

KAFOLAT INSURANCE COMPANY Founded in March 14, 1997 by Decree of the Cabinet of Ministers No. 144 Authorized capital of 33. 6 bln UZS Shareholders: National Bank of Foreign Economic Activity Navoi Mining and Metallurgical Combine 11, 7% 7, 8% Resolution of the President of the Republic of Uzbekistan dated October 9, 2017 No. PP-3317 "On measures to improve the activities of the Kafolat Insurance Company" redetermined main tasks and activities of the company THE AGENCY FOR THE MANAGEMENT OF STATE ASSETS OF THE REPUBLIC OF UZBEKISTAN «Uzagrosugurta» JSC 66, 5% 3, 7% Almalyk Mining Metallurgical Combine 3, 3% 7, 0% Other legal entities and natural persons

Fitch. Ratings KAFOLAT Insurance Company JSC Insurer Financial Strength Rating BBOutlook “Stable” 18 January 2019

REGIONAL NETWORK Executive Board Insurer with the second largest network of business units in Uzbekistan 15 Branches 60 offices 145 insurance centers

INSURANCE SERVICES SALES CHANNELS 220 regional offices (more than 500 highly qualified specialists) INSURANCE SERVICES Agent network (2837 agents) www. kafolat. uz Online sales through the company`s web site and mobile application

KAFOLAT’S MARKET POSITION IN THE 1 st HALF OF 2019 percent 9. 1% 15. 7% BY WRITTEN PREMIUMS BY CLAIMS PAID

COMPANY PERFORMANCE UZS b TOTAL ASSETS 112, 4% 107. 9 2015 154. 4 107, 6% 126, 3% 117. 3 57. 4 43. 4 2018 2015 43647 45, 3 2016 2017 NET PROFIT 115, 2% 114, 4% 4. 1 118, 2% 120, 0% 3. 5 3. 1 0, 9 2. 6 1. 1 2015 2016 2017 2018 161, 0% 43. 6 122, 2 2017 73. 0 100, 6% 40. 3 84. 6 2016 131, 5% 108, 6% 127, 6% 75. 3 INVESTMENTS 43647 2018 43647

COMPANY PERFORMANCE UZS b CLAIMS PAID PREMIUMS WRITTEN 35 120 106. 1 28. 6 30 100 75. 1 80 84. 2 80. 7 24. 4 25 20 58. 2 60 14. 6 15 42. 1 40 10 20 5 0 0 2014 2015 2016 2017 2018 43647 14. 2 10. 5 7. 2 2014 2015 2016 2017 2018 43647

KAFOLAT’S MAIN INSURANCE LINES IN THE 1 st HALF OF 2019 Insurance lines 48. 8% Property Insurance 16. 0% Compulsory motor third party liability insurance (СMTPL) Workers' compensation insurance Accident and health insurance Carriers' liability insurance 7. 5% 3. 2% 0. 9% Portfolio share

REINSURANCE GEOGRAPHY Korea 8. 3% Latvia 36. 7% UZBEKISTA N 83% Cayman Islands 13. 5% Foreign countries 17% Poland 2. 1% Luxemburg 8. 3% Russia [ПРОЦЕНТ]

Reinsurance Ratios 2019 year, 1 - half year INCOMING REINSURANCE OUTGOING REINSURANCE 19% 41% 6, 3 14, 5 UZS B 59% 81% DOMESTIC INSURANCE MARKET WORLD INSURANCE MARKET

OBLIGATORY REINSURANCE 70% Insurance of property transferred on bail Property insurance Construction risks insurance Cargo insurance Quota reinsurance (incoming) 29 UZS billion 15%

FINANCIAL PLAN Indicators 2017 2018 2019 2020 2021 80 704, 0 106 091, 8 170 224, 3 221 291, 6 298 743, 7 11 621, 0 20 442, 4 28 750, 0 33 062, 5 38 021, 9 3 525, 0 4 060, 4 8 087, 8 12 346, 7 16 595, 5 ROА 3, 7% 3, 6% 6, 5% 9, 0% 10, 7% ROЕ 9, 4% 9, 6% 18, 0% 26, 3% 32, 8% Return on authorized capital 10, 7% 12, 1% 22, 9% 31, 7% 37, 3% Insurance premiums (UZS m) Insurance premiums transferred to reinsurance (UZS m) Net profit (UZS m)

FUTURE DIRECTIONS OF THE COMPANY'S ACTIVITIES IN 2018 - 2021 Opening of a subsidiary life insurance company Opening of a subsidiary Assistance company Capital raising Opening of new and reinforcement of active business units Development of a new IT in the company Opening of a new training center

Our major clients

Contacts: • Address: 13 -13 A, Amir Temur avenue, Tashkent, 100000, Uzbekistan • Phones: (+998 71) 202 88 22, 202 20 26 • Web: www. kafolat. uz • E-mail: info@kafolat. uz 13, Amir Temur str. , Tashkent, Uzbekistan