TLV:HARL Balance Sheet

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
Investments in Debt Securities	-	10,083	11,332	14,475	15,977
Investments in Equity & Preferred Securities	1,415	15,641	14,143	15,416	19,189
Other Investments	130,589	80,785	70,925	61,804	62,963
Total Investments	136,234	116,001	101,710	96,363	103,077
Cash & Equivalents	12,976	9,858	12,466	8,379	7,637
Reinsurance Recoverable	2,673	5,369	5,605	5,101	5,242
Other Receivables	6,415	13,662	12,009	13,023	9,889
Deferred Policy Acquisition Cost	-	3,373	3,114	2,916	2,667
Property, Plant & Equipment	1,371	1,394	1,391	1,345	1,380
Goodwill	-	1,282	1,066	1,021	1,013
Other Intangible Assets	2,951	1,427	1,237	1,157	1,040
Other Current Assets	-	839	807	746	444
Long-Term Deferred Tax Assets	25	41	20	21	18
Long-Term Deferred Charges	986	131	149	168	191
Other Long-Term Assets	-	5,285	5,232	5,031	5,073
Total Assets	163,631	158,662	144,806	135,271	137,671
Accounts Payable	-	134	218	223	231
Accrued Expenses	-	1,042	815	859	883
Insurance & Annuity Liabilities	97,348	116,495	112,896	108,168	112,296
Unearned Premiums	-	262	212	199	185
Reinsurance Payable	577	2,289	2,550	2,245	1,948
Current Portion of Leases	-	91	76	69	80
Short-Term Debt	-	3,745	1,134	661	906
Current Income Taxes Payable	247	26	31	23	46
Long-Term Debt	22,609	14,614	9,708	6,480	6,164
Long-Term Deferred Tax Liabilities	1,490	1,083	947	924	1,450
Other Current Liabilities	3,309	8,167	6,168	6,078	3,381
Other Long-Term Liabilities	25,714	1,371	835	691	907
Total Liabilities	151,439	149,458	135,853	126,884	128,778
Common Stock	426	392	359	359	359
Retained Earnings	12,261	8,456	8,298	7,824	7,292
Treasury Stock	-681	-430	-304	-237	-163
Comprehensive Income & Other	162	699	540	389	1,373
Total Common Equity	12,168	9,117	8,893	8,335	8,861
Minority Interest	24	87	60	52	32
Shareholders' Equity	12,192	9,204	8,953	8,387	8,893
Total Liabilities & Equity	163,631	158,662	144,806	135,271	137,671
Filing Date Shares Outstanding	203.98	206.71	207.43	211.09	212.89
Total Common Shares Outstanding	203.98	206.71	207.43	211.09	213.2
Total Debt	22,609	18,450	10,918	7,210	7,150
Net Cash (Debt)	-9,633	-8,592	1,548	1,169	487
Net Cash Growth	-	-	32.42%	140.04%	45.81%
Net Cash Per Share	-45.04	-41.34	7.37	5.51	2.27
Book Value Per Share	59.65	44.10	42.87	39.49	41.56
Tangible Book Value	9,217	6,408	6,590	6,157	6,808
Tangible Book Value Per Share	45.19	31.00	31.77	29.17	31.93
Land	-	1,298	1,301	1,256	1,269
Machinery	-	904	867	805	785
Leasehold Improvements	-	158	170	166	160

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