Phoenix Financial Income Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	9,620	9,208	10,356	10,567	9,816	9,054
Total Interest & Dividend Income	3,356	2,195	2,160	2,103	14,627	1,013
Gain (Loss) on Sale of Investments	9,688	9,726	6,171	-4,791	13,212	4,453
Non-Insurance Activities Revenue	393	393	329	223	154	159
Other Revenue	1,386	1,224	1,096	1,007	-11,886	674.01
Total Revenue	26,873	24,872	21,833	10,657	27,972	16,710
Revenue Growth (YoY)	59.24%	13.92%	104.87%	-61.90%	67.40%	-21.08%
Policy Benefits	21,647	21,518	17,623	1,965	21,856	11,703
Policy Acquisition & Underwriting Costs	2,249	2,249	2,103	1,845	1,610	1,692
Selling, General & Administrative	2,390	2,390	2,179	1,894	1,761	1,418
Other Operating Expenses	337.27	133.25	95.13	77.97	68.02	54.89
Total Operating Expenses	26,624	26,290	21,999	5,782	25,295	14,868
Operating Income	249.76	-1,418	-166.44	4,875	2,677	1,842
Interest Expense	-592.7	-472.3	-373.3	-299.37	-202.75	-152.71
Earnings From Equity Investments	103.25	103.25	42.41	61.55	111.5	39.7
Currency Exchange Gain (Loss)	-8.01	-8.01	1.2	124.22	-27	-29.08
Other Non Operating Income (Expenses)	-460.84	-73.77	-30.34	-0.51	-9.64	-4
EBT Excluding Unusual Items	-708.53	-1,869	-526.47	4,761	2,549	1,696
Merger & Restructuring Charges	-	-	-11.84	-	-	-
Gain (Loss) on Sale of Investments	4,655	4,655	1,687	-2,983	-	-
Gain (Loss) on Sale of Assets	0.55	0.55	0.1	0	-	-
Asset Writedown	-8.77	-8.77	-17.31	76.65	158.68	66.89
Other Unusual Items	-1.27	-1.27	16.11	-	-9.84	-
Pretax Income	3,937	2,776	1,148	1,854	2,697	1,763
Income Tax Expense	1,294	846.19	262.75	504.34	673.55	553.83
Earnings From Continuing Ops.	2,643	1,930	884.94	1,350	2,024	1,209
Minority Interest in Earnings	-134.52	-112.39	-107.53	-92.82	-59.22	-39.91
Net Income	2,509	1,818	777.4	1,257	1,965	1,169
Net Income to Common	2,509	1,818	777.4	1,257	1,965	1,169
Net Income Growth	9.27%	133.83%	-38.16%	-36.01%	68.06%	330.63%
Shares Outstanding (Basic)	251	252	253	252	253	256
Shares Outstanding (Diluted)	253	254	256	256	257	256
Shares Change (YoY)	-1.17%	-0.59%	-0.10%	-0.45%	0.41%	-0.07%
EPS (Basic)	9.98	7.21	3.07	5.00	7.76	4.57
EPS (Diluted)	9.90	7.15	3.04	4.91	7.64	4.57
EPS Growth	10.54%	135.20%	-38.09%	-35.73%	67.28%	330.89%
Free Cash Flow	1,592	-1,061	1,792	2,539	4,469	4,634
Free Cash Flow Per Share	6.29	-4.18	7.01	9.93	17.39	18.10
Dividend Per Share	6.017	3.327	1.510	1.339	2.466	1.492
Dividend Growth	185.08%	120.30%	12.80%	-45.72%	65.28%	-
Operating Margin	0.93%	-5.70%	-0.76%	45.74%	9.57%	11.02%
Profit Margin	9.34%	7.31%	3.56%	11.80%	7.02%	7.00%
Free Cash Flow Margin	5.92%	-4.27%	8.21%	23.83%	15.98%	27.73%
EBITDA	352.48	-1,339	-60.52	5,284	3,031	2,142
EBITDA Margin	1.31%	-5.38%	-0.28%	49.58%	10.84%	12.82%
D&A For EBITDA	102.72	78.72	105.93	408.66	354.19	300.14
EBIT	249.76	-1,418	-166.44	4,875	2,677	1,842
EBIT Margin	0.93%	-5.70%	-0.76%	45.74%	9.57%	11.02%
Effective Tax Rate	32.86%	30.48%	22.89%	27.20%	24.97%	31.42%
Revenue as Reported	29,521	29,521	23,539	7,906	28,099	16,737

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.