Clal Insurance Enterprises Holdings Ltd. (TLV: CLIS)

CLIS Income Statement

Financials in millions ILS. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	9,058	9,495	9,844	9,012	8,028	8,401
Total Interest & Dividend Income	4,633	3,660	2,757	2,088	1,140	1,429
Gain (Loss) on Sale of Investments	5,396	5,571	-6,948	11,766	3,983	8,283
Non-Insurance Activities Revenue	1,451	1,083	-	-	-	-
Other Revenue	416	390	384	339	311.91	283.97
Total Revenue	22,231	21,458	7,235	24,980	14,709	19,806
Revenue Growth (YoY)	30.72%	196.59%	-71.04%	69.83%	-25.74%	75.77%
Policy Benefits	15,196	15,391	3,741	20,273	11,016	16,800
Policy Acquisition & Underwriting Costs	2,255	2,084	1,970	1,799	1,744	1,802
Selling, General & Administrative	1,634	1,604	1,152	1,160	1,121	1,090
Provision for Bad Debts	241	411	-	-	-	-
Non-Insurance Activities Expense	1,163	905	-	-	-	-
Other Operating Expenses	47	40	18	9	9.06	9.63
Total Operating Expenses	20,553	20,452	6,896	23,265	13,890	19,701
Operating Income	1,678	1,006	339	1,715	819.08	105.58
Interest Expense	-732	-584	-213	-219	-160.67	-176.89
Earnings From Equity Investments	6	8	3	29	-4.19	-7.13
Currency Exchange Gain (Loss)	12	12	27	-9	-48.13	-29.47
Other Non Operating Income (Expenses)	-68	-69	-	-	-0.39	-0.99
EBT Excluding Unusual Items	896	373	156	1,516	605.7	-108.89
Asset Writedown	-26	-26	39	82	-19.76	-11.78
Other Unusual Items	-	-	-	-17	-	-65.15
Pretax Income	870	347	195	1,581	585.94	-185.82
Income Tax Expense	310	124	68	494	143.27	-58.9
Earnings From Continuing Ops.	560	223	127	1,087	442.66	-126.93
Net Income to Company	560	223	127	1,087	442.66	-126.93
Minority Interest in Earnings	-4	-3	-6	-5	-3.99	-3.27
Net Income	556	220	121	1,082	438.68	-130.2
Net Income to Common	556	220	121	1,082	438.68	-130.2
Net Income Growth	473.20%	81.82%	-88.82%	146.65%	-	-
Shares Outstanding (Basic)	79	78	74	68	68	56
Shares Outstanding (Diluted)	80	79	74	68	68	56
Shares Change (YoY)	5.76%	6.33%	9.72%	0.14%	20.70%	0.84%
EPS (Basic)	7.03	2.83	1.64	16.00	6.48	-2.32
EPS (Diluted)	6.93	2.79	1.62	15.97	6.48	-2.32
EPS Growth	445.79%	72.22%	-89.86%	146.45%	-	-
Free Cash Flow	1,141	-4,344	-2,609	7,061	-1,276	3,091
Free Cash Flow Per Share	14.21	-54.96	-35.10	104.23	-18.86	55.16
Operating Margin	7.55%	4.69%	4.69%	6.87%	5.57%	0.53%
Profit Margin	2.50%	1.03%	1.67%	4.33%	2.98%	-0.66%
Free Cash Flow Margin	5.13%	-20.24%	-36.06%	28.27%	-8.68%	15.61%
EBITDA	1,768	1,065	374	2,040	1,139	427.98
EBITDA Margin	7.95%	4.96%	5.17%	8.17%	7.74%	2.16%
D&A For EBITDA	90	59	35	325	319.86	322.4
EBIT	1,678	1,006	339	1,715	819.08	105.58
EBIT Margin	7.55%	4.69%	4.69%	6.87%	5.57%	0.53%
Effective Tax Rate	35.63%	35.73%	34.87%	31.25%	24.45%	-
Revenue as Reported	22,237	21,464	7,329	25,057	14,637	19,776

Source: S&P Capital IQ. Insurance template. Financial Sources.