Key Figures for the period

Q3 and 9M 2023

Harel Group reports net income of NIS 397 million for the first 9 months of 2023

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KEY FIGURES

STOCK PRICE

Harel group 2020

Reports and publications

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OVERVIEW

Harel Insurance Investments and Financial Services

Harel Insurance Investments and Financial Services Ltd. Group is the largest insurance and financial group in Israel, operating in insurance, asset management and credit segments.

Main Group's activities are in the following:

In insurance, Harel is active in Health, Non-Life and Life Insurance. In addition, the Group is active in credit insurance via ICIC (Israel Credit Insurance Company) and in mortgage insurance via EMI. The Group is also active in insurance overseas, via Turk Nippon in Turkey and via Interasco in Greece.

In asset management the Group is active in pension funds, provident funds including education funds, mutual funds, portfolio management, ETFs, and provides various financial services in the capital markets via Harel Finance and its subsidiaries.

In credit segment, the Group is active in medium businesses credit via Hamatzpen, in mortgages and reverse mortgages via Harel 60+ , credit to real estate developers and in financial guarantees for third parties related to mortgage portfolios.

 

In the first 9 months of 2023, total premiums, benefit contributions and amounts received for investment contacts amounted to NIS 29.1 billion and total assets under management in insurance, pension and provident funds, mutual funds and financial services amounted to NIS 412 billion as of 30.9.2023. Equity attributed to shareholders was NIS 8.7 billion as of 30.9.2023. 2018-2022 average comprehensive income to shareholders was NIS 756 million with average ROE of 10.4% for the same period.   

According to Harel Insurance and Finance Group dividend distribution policy, the Group will distribute a dividend to its shareholders of at least 30% of its total comprehensive income.

 

Harel Insurance and Finance Group is listed in Tel Aviv Stock Exchange and is part of TA-35 index, which includes top 35 companies.

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Our People

Top Executive team
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Social Responsibility

The Company’s Board of Directors and the management and employees of the Group, believe that corporate responsibility is an integral part of its management approach and the Group’s core values, and they attribute considerable importance to the integration of corporate responsibility in all levels of activity, based on the recognition that values and ethical and proper management go hand in hand with business success and leadership, while creating added value for all the principal shareholders. Since 2008, as part of the promotion of the Corporate Social Responsibility, Harel Group is a member in "Maala" organization, a non-profit ESG standards- setting organization in Israel, hosting a network of about 110 Israel's leading corporations. Since 2015 Harel constantly holds a "Platina Plus" rating, which is the highest rating assigned by Maala.

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Our Global Partners

IF sompo japan china typing the hartford tokyo marine sukoon axa hdi gerling beckshire hathaway speciality insurence zurich insurence company rsa dubai insurance allianz china re chubb berkley