Phoenix Financial Ltd (TLV: PHOE)

Phoenix Financial 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	9,409	10,356	10,567	9,816	9,054	9,923
Total Interest & Dividend Income	15,155	9,910	-5,555	14,627	1,013	1,184
Gain (Loss) on Sale of Investments	7,729	7,729	-7,883	13,212	4,453	7,809
Non-Insurance Activities Revenue	362	329	223	154	159	143
Other Revenue	-6,520	-6,525	8,774	-11,886	674.01	627.73
Total Revenue	28,061	23,520	7,674	27,972	16,710	21,174
Revenue Growth (YoY)	31.34%	206.50%	-72.57%	67.40%	-21.08%	84.18%
Policy Benefits	20,286	17,623	1,965	21,856	11,703	17,614
Policy Acquisition & Underwriting Costs	2,234	2,103	1,845	1,610	1,692	1,849
Selling, General & Administrative	2,270	2,179	1,894	1,761	1,418	1,351
Other Operating Expenses	81.54	106.97	77.97	68.02	54.89	10.97
Total Operating Expenses	24,872	22,011	5,782	25,295	14,868	20,824
Operating Income	3,189	1,509	1,892	2,677	1,842	349.43
Interest Expense	-509.36	-373.3	-299.37	-202.75	-152.71	-150.91
Earnings From Equity Investments	65.73	42.41	61.55	111.5	39.7	96.92
Currency Exchange Gain (Loss)	1.2	1.2	124.22	-27	-29.08	26.19
Other Non Operating Income (Expenses)	-30.34	-30.34	-0.51	-9.64	-4	-2.64
EBT Excluding Unusual Items	2,716	1,149	1,778	2,549	1,696	318.99
Gain (Loss) on Sale of Assets	0.1	0.1	0	-	-	0.01
Asset Writedown	-17.31	-17.31	76.65	158.68	66.89	97.1
Other Unusual Items	16.11	16.11	-	-9.84	-	-
Pretax Income	2,715	1,148	1,854	2,697	1,763	416.09
Income Tax Expense	835.13	262.75	504.34	673.55	553.83	107.82
Earnings From Continuing Ops.	1,880	884.94	1,350	2,024	1,209	308.28
Minority Interest in Earnings	-104.98	-107.53	-92.82	-59.22	-39.91	-36.81
Net Income	1,775	777.4	1,257	1,965	1,169	271.47
Net Income to Common	1,775	777.4	1,257	1,965	1,169	271.47
Net Income Growth	408.85%	-38.16%	-36.01%	68.06%	330.63%	-58.33%
Shares Outstanding (Basic)	253	253	252	253	256	256
Shares Outstanding (Diluted)	256	256	256	257	256	256
Shares Change (YoY)	1.18%	-0.10%	-0.45%	0.41%	-0.07%	1.30%
EPS (Basic)	7.03	3.07	5.00	7.76	4.57	1.06
EPS (Diluted)	6.92	3.04	4.91	7.64	4.57	1.06
EPS Growth	404.06%	-38.09%	-35.73%	67.28%	330.89%	-58.88%
Free Cash Flow	-126.97	1,792	2,539	4,469	4,634	466.23
Free Cash Flow Per Share	-0.50	7.01	9.92	17.39	18.10	1.82
Dividend Per Share	2.119	1.518	1.339	2.466	1.492	-
Dividend Growth	80.35%	13.43%	-45.72%	65.28%	-	-
Operating Margin	11.36%	6.42%	24.65%	9.57%	11.02%	1.65%
Profit Margin	6.33%	3.31%	16.38%	7.02%	7.00%	1.28%
Free Cash Flow Margin	-0.45%	7.62%	33.09%	15.98%	27.73%	2.20%
EBITDA	3,340	1,615	1,961	3,031	2,142	650.88
EBITDA Margin	11.90%	6.87%	25.56%	10.83%	12.82%	3.07%
D&A For EBITDA	150.97	105.93	69.54	354.19	300.14	301.45
EBIT	3,189	1,509	1,892	2,677	1,842	349.43
EBIT Margin	11.36%	6.42%	24.65%	9.57%	11.02%	1.65%
Effective Tax Rate	30.76%	22.89%	27.20%	24.97%	31.42%	25.91%
Revenue as Reported	28,081	23,539	7,906	28,099	16,737	21,291

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