Harel Insurance Investments & Financial Services Ltd (TLV:HARL)

TLV:HARL Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	13,851	13,703	15,395	14,871	13,414	13,276
Total Interest & Dividend Income	-933	2,119	1,930	1,859	1,305	754
Gain (Loss) on Sale of Investments	8,757	8,757	5,407	-5,883	10,044	2,873
Other Revenue	575	575	534	470	358	312
Total Revenue	24,201	27,105	24,923	12,986	27,136	18,662
Revenue Growth (YoY)	-8.16%	8.76%	91.92%	-52.14%	45.41%	-18.38%
Policy Benefits	19,848	19,776	18,632	6,526	21,620	13,604
Policy Acquisition & Underwriting Costs	3,335	3,342	3,156	2,881	2,572	2,510
Selling, General & Administrative	1,969	1,969	1,795	1,643	1,469	1,381
Other Operating Expenses	119	80	66	45	14	15
Total Operating Expenses	25,271	25,167	23,649	11,095	25,675	17,510
Operating Income	-1,070	1,938	1,274	1,891	1,461	1,152
Interest Expense	-	-647	-464	-369	-302	-253
Earnings From Equity Investments	8	15	-108	78	180	13
Currency Exchange Gain (Loss)	29	29	-185	-421	171	132
Other Non Operating Income (Expenses)	748	-2	7	9	-1	1
EBT Excluding Unusual Items	1,905	1,333	524	1,188	1,509	1,045
Impairment of Goodwill	-	-	-	-	-	-10
Gain (Loss) on Sale of Assets	7	7	-	-	-	-
Asset Writedown	15	15	118	123	189	-14
Pretax Income	1,692	1,355	642	1,311	1,698	1,021
Income Tax Expense	475	395	146	398	486	296
Earnings From Continuing Ops.	1,217	960	496	913	1,212	725
Minority Interest in Earnings	-13	-14	-11	-7	-3	-1
Net Income	1,204	946	485	906	1,209	724
Net Income to Common	1,204	946	485	906	1,209	724
Net Income Growth	56.36%	95.05%	-46.47%	-25.06%	66.99%	58.43%
Shares Outstanding (Basic)	207	207	210	212	214	214
Shares Outstanding (Diluted)	208	208	210	212	214	214
Shares Change (YoY)	0.41%	-1.07%	-0.94%	-0.94%	-0.12%	-
EPS (Basic)	5.82	4.57	2.31	4.27	5.65	3.38
EPS (Diluted)	5.80	4.55	2.31	4.27	5.65	3.38
EPS Growth	55.70%	97.12%	-45.94%	-24.38%	67.20%	58.55%
Free Cash Flow	-1,664	-3,104	3,391	1,941	1,437	1,369
Free Cash Flow Per Share	-8.01	-14.93	16.14	9.15	6.71	6.39
Dividend Per Share	2.183	2.183	1.687	-	1.878	1.200
Dividend Growth	29.40%	29.40%	-	-	56.50%	9.09%
Operating Margin	-4.42%	7.15%	5.11%	14.56%	5.38%	6.17%
Profit Margin	4.98%	3.49%	1.95%	6.98%	4.46%	3.88%
Free Cash Flow Margin	-6.88%	-11.45%	13.61%	14.95%	5.30%	7.34%
EBITDA	-951	2,049	1,386	2,276	1,783	1,441
EBITDA Margin	-3.93%	7.56%	5.56%	17.53%	6.57%	7.72%
D&A For EBITDA	119	111	112	385	322	289
EBIT	-1,070	1,938	1,274	1,891	1,461	1,152
EBIT Margin	-4.42%	7.15%	5.11%	14.56%	5.38%	6.17%
Effective Tax Rate	28.07%	29.15%	22.74%	30.36%	28.62%	28.99%
Revenue as Reported	27,161	27,161	24,874	12,755	27,474	18,697

Updated Dec 10, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.