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

HARL 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	14,619	15,395	14,871	13,414	13,276	13,359
Total Interest & Dividend Income	1,991	1,930	1,859	1,305	754	950
Gain (Loss) on Sale of Investments	5,442	5,407	-5,883	10,044	2,873	6,493
Other Revenue	545	534	470	358	312	358
Total Revenue	24,363	24,923	12,986	27,136	18,662	22,865
Revenue Growth (YoY)	9.61%	91.92%	-52.14%	45.41%	-18.38%	55.30%
Policy Benefits	17,428	18,632	6,526	21,620	13,604	18,605
Policy Acquisition & Underwriting Costs	3,192	3,156	2,881	2,572	2,510	2,478
Selling, General & Administrative	1,805	1,795	1,643	1,469	1,381	1,462
Other Operating Expenses	66	66	45	14	15	16
Total Operating Expenses	22,491	23,649	11,095	25,675	17,510	22,561
Operating Income	1,872	1,274	1,891	1,461	1,152	304
Interest Expense	-520	-464	-369	-302	-253	-276
Earnings From Equity Investments	18	-108	78	180	13	160
Currency Exchange Gain (Loss)	-185	-185	-421	171	132	200
Other Non Operating Income (Expenses)	7	7	9	-1	1	1
EBT Excluding Unusual Items	1,192	524	1,188	1,509	1,045	389
Impairment of Goodwill	-	-	-	-	-10	-
Asset Writedown	118	118	123	189	-14	172
Pretax Income	1,310	642	1,311	1,698	1,021	561
Income Tax Expense	366	146	398	486	296	104
Earnings From Continuing Ops.	944	496	913	1,212	725	457
Minority Interest in Earnings	-12	-11	-7	-3	-1	-
Net Income	932	485	906	1,209	724	457
Net Income to Common	932	485	906	1,209	724	457
Net Income Growth	150.54%	-46.47%	-25.06%	66.99%	58.42%	-26.29%
Shares Outstanding (Basic)	208	210	212	214	214	214
Shares Outstanding (Diluted)	208	210	212	214	214	214
Shares Change (YoY)	-1.29%	-0.94%	-0.94%	-0.12%	-	0.63%
EPS (Basic)	4.48	2.31	4.27	5.65	3.38	2.13
EPS (Diluted)	4.48	2.31	4.27	5.65	3.38	2.13
EPS Growth	154.03%	-45.94%	-24.38%	67.20%	58.55%	-26.80%
Free Cash Flow	-1,435	3,391	1,941	1,437	1,369	-412
Free Cash Flow Per Share	-6.89	16.14	9.15	6.71	6.39	-1.92
Dividend Per Share	2.662	1.690	-	1.878	1.200	1.100
Dividend Growth	-	-	-	56.50%	9.09%	10.00%
Operating Margin	7.68%	5.11%	14.56%	5.38%	6.17%	1.33%
Profit Margin	3.83%	1.95%	6.98%	4.46%	3.88%	2.00%
Free Cash Flow Margin	-5.89%	13.61%	14.95%	5.30%	7.34%	-1.80%
EBITDA	1,969	1,386	1,984	1,783	1,441	567
EBITDA Margin	8.08%	5.56%	15.28%	6.57%	7.72%	2.48%
D&A For EBITDA	97	112	93	322	289	263
EBIT	1,872	1,274	1,891	1,461	1,152	304
EBIT Margin	7.68%	5.11%	14.56%	5.38%	6.17%	1.33%
Effective Tax Rate	27.94%	22.74%	30.36%	28.62%	28.99%	18.54%
Revenue as Reported	24,314	24,874	12,755	27,474	18,697	23,125

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