Israel · Delayed Price · Currency is ILS · Price in ILA Phoenix Financial Earnings Call Transcripts
Fiscal Year 2026
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Strong H1 2026 results with ILS 1.6B income, 26% ROE, and 36% asset management growth. Payouts exceeded guidance at 62%, digital platform reached 1M users, and guidance will be updated as growth outpaces targets.
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Q3 and YTD results showed robust growth in income, ROE, and segment performance, with updated 2028 guidance targeting ILS 3.3–3.5 billion core income and over 25% ROE. Dividend and buyback activity remain strong, supported by high solvency and cash flow.
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Comprehensive income reached ILS 1.3 billion with 16% ROE in the first nine months, driven by strong insurance and asset management results. Solvency remains robust, dividends and buybacks exceeded ILS 500 million, and IFRS 17 is expected to boost income and ROE.
Fiscal Year 2022
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2022 comprehensive income exceeded ILS 1.1bn as core activities grew, but market effects weighed on results. Q4 income was ILS 526m, with 2023 dividends and buybacks supporting shareholder returns.
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Core operating income grew, but capital-market losses drove 9M comprehensive income to ILS 599 million and Q3 income to ILS 62 million. AUM reached ILS 364 billion, solvency improved to 202%, and the medium-term ROE target remains 12%-15%.
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H1 income reached ILS 537 million, with 11.4% ROE despite major investment headwinds. Core businesses grew over 30% YoY, while fee-based activities and diversification remain key strategic priorities.
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Q1 comprehensive income was ILS 352 million and ROE was 15.5%, supported by core-business growth and a positive net interest-rate/market effect. P&C premiums rose 12%, though motor claims and market volatility weighed on results; a ILS 421 million dividend and ILS 56 million buyback were completed.