TLV:HARL Income Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	15,836	15,366	15,395	14,871	13,414
Total Interest & Dividend Income	3,062	1,278	1,930	1,859	1,305
Gain (Loss) on Sale of Investments	-9	-2	5,407	-5,883	10,044
Other Revenue	126	116	534	470	358
Total Revenue	20,677	18,191	24,923	12,986	27,136
Revenue Growth (YoY)	13.67%	-27.01%	91.92%	-52.14%	45.41%
Policy Benefits	13,522	13,606	18,632	6,526	21,620
Policy Acquisition & Underwriting Costs	-	-	3,156	2,881	2,572
Selling, General & Administrative	-	-	1,795	1,643	1,469
Other Operating Expenses	1,833	1,761	66	45	14
Total Operating Expenses	15,355	15,367	23,649	11,095	25,675
Operating Income	5,322	2,824	1,274	1,891	1,461
Interest Expense	-883	-529	-464	-369	-302
Earnings From Equity Investments	46	40	-108	78	180
Currency Exchange Gain (Loss)	-	-	-185	-421	171
Other Non Operating Income (Expenses)	-1	18	7	9	-1
EBT Excluding Unusual Items	4,484	2,353	524	1,188	1,509
Asset Writedown	-	-	118	123	189
Pretax Income	4,484	2,353	642	1,311	1,698
Income Tax Expense	1,490	741	146	398	486
Earnings From Continuing Ops.	2,994	1,612	496	913	1,212
Minority Interest in Earnings	-4	-14	-11	-7	-3
Net Income	2,990	1,598	485	906	1,209
Net Income to Common	2,990	1,598	485	906	1,209
Net Income Growth	87.11%	229.48%	-46.47%	-25.06%	66.99%
Shares Outstanding (Basic)	205	207	210	212	214
Shares Outstanding (Diluted)	214	208	210	212	214
Shares Change (YoY)	2.88%	-1.07%	-0.94%	-0.94%	-0.12%
EPS (Basic)	14.61	7.72	2.31	4.27	5.65
EPS (Diluted)	13.98	7.69	2.31	4.27	5.65
EPS Growth	81.84%	233.06%	-45.94%	-24.38%	67.20%
Free Cash Flow	5,386	-3,105	3,391	1,941	1,437
Free Cash Flow Per Share	25.19	-14.94	16.14	9.15	6.71
Dividend Per Share	4.510	2.183	1.687	-	1.878
Dividend Growth	106.56%	29.40%	-	-	56.50%
Operating Margin	25.74%	15.52%	5.11%	14.56%	5.38%
Profit Margin	14.46%	8.79%	1.95%	6.98%	4.46%
Free Cash Flow Margin	26.05%	-17.07%	13.61%	14.95%	5.30%
EBITDA	5,441	2,944	1,386	2,276	1,783
EBITDA Margin	26.31%	16.18%	5.56%	17.53%	6.57%
D&A For EBITDA	119	120	112	385	322
EBIT	5,322	2,824	1,274	1,891	1,461
EBIT Margin	25.74%	15.52%	5.11%	14.56%	5.38%
Effective Tax Rate	33.23%	31.49%	22.74%	30.36%	28.62%
Revenue as Reported	-	-	24,874	12,755	27,474

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.