SUMMARY OF FINANCIAL RESULTS F O R T H E P E R I O D H 1 . 1 8 - - PowerPoint PPT Presentation
SUMMARY OF FINANCIAL RESULTS F O R T H E P E R I O D H 1 . 1 8 - - PowerPoint PPT Presentation
SUMMARY OF FINANCIAL RESULTS F O R T H E P E R I O D H 1 . 1 8 DISCLAIMER This document has been prepared by Harel Insurance Investments and Financial Services Ltd. (hereinafter: the Company) solely for the purpose of presenting the Company's
DISCLAIMER
This document has been prepared by Harel Insurance Investments and Financial Services Ltd. (hereinafter: the Company) solely for the purpose of presenting the Company's business. The information contained in this document has not been independently verified. No representation or warranty has been expressed or implied and there should be no reliance on the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither the Company nor any of its employees or representatives shall bear any liability whatsoever (whether due to negligence or otherwise) for any loss howsoever resulting from using this document or its content or otherwise arising in connection with this document. This document is provided solely for your information and may not be reproduced, distributed or forwarded, directly or indirectly, in any form to any other person, nor published, wholly or partially, for any purpose. This document contains information that under Israel’s Securities Law, 5728-1968, may be deemed or considered Inside Information of Harel Insurance Investments & Financial Services Ltd. Any use of Inside Information is illegal. Distribution of this document may be restricted by law and persons receiving this document should be aware of such restrictions and observe them accordingly. In receiving this report you agree to be bound by the foregoing instructions. Statements concerning the Company’s future business, financial position and results of operations are subject to risks and uncertainties, which may cause actual results to differ materially from those forecasted. Such forward-looking information includes, but is not limited to, product demand, pricing, changing economic conditions, product and technology development risks, the effect of the Company's accounting policies as well as certain other risk factors which are specified from time to time in the Company's reports to the Securities Authority.
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+AA RATING** OVER 3 MILLION CLIENTS
ABOUT US
Harel Insurance Investments & Financial Services Ltd.
* Measured according to income from premiums for the year 2017 ** The rating refers to Harel Insurance, a wholly owned subsidiary of the Company
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LARGEST
PLATINUM PLUS
INSURANCE
RATING FROM MAALA
CSR 4 YEARS IN A ROW
COMPANY IN ISRAEL
#
*
Data is correct for 30.06.18 about Assets Under Management (AUM) about Market cap (at August 22, 2018) Total earned premiums and contributions about Equity attributed to shareholders about
( N I S B I L L I O N )
Solvency II - surplus (at December 31, 2016)
ABOUT US
Harel Insurance Investments & Financial Services Ltd.
about
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COMPREHENSIVE INCOME AFTER TAX AND ROE (IN ANNUAL TERMS)
COMPREHENSIVE INCOME AFTER TAX
( N I S M I L L I O N )
RETURN ON EQUITY
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381 423 846 437 250 183 170
H1.17 H1.18 Q2.17 Q2.18
8% 9% 16% 16% 9% 14% 12%
H1.17 H1.18 Q2.17 Q2.18
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4,243 4,300 5,078 2,504 2,746 1,256 1,292 3,964 4,163 4,424 2,166 2,263 1,088 1,160 3,066 2,944 3,146 1,527 1,669 775 841 258 301 443 203 242 107 122 5,516 6,273 7,221 3,359 3,897 1,752 2,001 1,931 2,420 3,254 1,390 1,782 713 866
H1.17 H1.18 Q2.17 Q2.18
+10.4% +7.5%
EARNED PREMIUMS AND CONTRIBUTIONS, GROSS
+15.5%
PROVIDENT CONTRIBUTIONS PENSION CONTRIBUTIONS INSURANCE COMPANIES OVERSEAS NON-LIFE INSURANCE HEALTH INSURANCE LIFE ASSURANCE
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( N I S M I L L I O N )
3, ,4 8,9 8 , 99 , 49 , 8 , 9 +13.0%
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42 47 56 62 66 71 81 86 14 19 25 31 37 44 55 59 22 24 27 29 30 32 37 39 17 20 33 34 25 18 19 20 4 6 12 15 14 13 15 15 6 5 14 14 14 13 13 13
3 4 3 8
ASSETS UNDER MANAGEMENT (AUM) AND NOSTRO ASSETS
( N I S B I L L I O N )
220 191 186 185 167 121 105
PORTFOLIO MANAGEMENT * ETNS MUTUAL FUNDS PROVIDENT FUNDS PENSION FUNDS INSURANCE
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* The data include financial assets issued by the Group that are managed in portfolios
232
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298 127 594 347 220 138 204 2 158 110 32 15 9 123 74 205 82 44 20 (21) (7) 5 6 2
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(3) 34 18 20 9 11 150 101 285 160 34 93 44
015 01 017 H1.17 H1.18 Q2.17 Q2.18
COMPREHENSIVE INCOME BEFORE TAX FROM OPERATING SEGMENTS
( N I S M I L L I O N )
OTHER CAPITAL FINANCE INSURANCE COMPANIES OVERSEAS NON-LIFE INSURANCE HEALTH LONG-TERM SAVINGS
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4 336 1, 34 644 574 271 231
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NON-LIFE INSURANCE SEGMENT COMPREHENSIVE INCOME BEFORE TAX
( N I S M I L L I O N )
MORTAGE INSURANCE LIABILITIES & OTHER BRANCHES PROPERTY & OTHER BRANCHES MOTOR PROPERTY COMPULSORY MOTOR
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88 (24) (22) (10) (31) (26) (38) (12) 14 52 19 49 11 26 59 77 104 48 45 28 25 (65) (49) 15
- (36)
(3) (40) 53 56 56 25 17 10 6
123 74 205 82 44 20 (21)
2015 2016 2017 H1.17 H1.18 Q2.17 Q2.18
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185 53 486 305 160 119 172
69 54 69 25 38 12 20 44 20 39 17 22 7 12
LIFE ASSURANCE AND LONG-TERM SAVINGS SEGMENT COMPREHENSIVE INCOME BEFORE TAX
( N I S M I L L I O N )
594 347 98 204 1 7
2015 2016 2017 H1.17
PROVIDENT PENSION LIFE INSURANCE
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220 138
H1.18 Q2.17 Q2.18
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FINANCIAL SERVICES SEGMENT
( N I S M I L L I O N )
REVENUS COMPREHENCIVE INCOME BEFORE TAXES*
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* Comprehensive income before tax includes a write-down for the value of mutual fund activity in the amount of NIS 75 million and NIS 68 million before tax, for 2016 and 2015 respectively
300 253 202 101 107 50 55 8 (3) 34 18 20 9 11
H1.17 H1.18 Q2.17 Q2.18
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4,912 5,167 5,564 5,708
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+5%
EQUITY – HAREL INSURANCE INVESTMENTS AND FINANCIAL SERVICES
+8% +8% 235 171 461 107 6.3 5.5 10.2 1.8
( N I S M I L L I O N )
DIVIDEND (NIS MILLION) DIVIDEND YIELD (%)
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+3%
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5.7 5.9 6.1 1.4 1.7 1.7
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HAREL INSURANCE CAPITAL REQUIREMENTS OLD REGIME
( N I S B I L L I O N )
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SURPLUS CAPITAL REQUIRED CAPITAL
7.8 7.6 7.1
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8.5 4.7 1.8 1.9 5.1 6.0
MCR
- It is emphasized that the model in its current format is
extremely sensitive to changes in market and other variables
- Taking into account the dividend of NIS 250 million
distributed by Harel Insurance until August 2017, the capital surplus will be reduced from NIS 1.9 billion to NIS 1.65 billion and the capital surplus ratio will be 120%. Taking into account net raisings of liability notes and distribution of the aforementioned dividend, the capital surplus will be reduced by NIS 55 million to NIS 1.85 billion, and the capital surplus ratio will be 122%
HAREL INSURANCE CAPITAL
SOLVENCY RATIO 123%
REQUIREMENTS - SOLVENCY
SURPLUS CAPITAL REQUIRED CAPITAL
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SOLVENCY RATIO 206%
( N I S B I L L I O N )
INCLUDING (MINIMUM TRANSITIONAL CAPITAL PROVISIONS* REQUIRMENT)
* At December 31, 2016, the requirement is 60% of the SCR. The economic solvency ratio report for data at December 31, 2017 will be published on the website on the date of publication of the Periodic Report at September 30, 2018
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CAL CALCULA CULATING A TING A NE NEW ROUTE W ROUTE
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