Business
Phoenix Financial Publishes Results for Q2 and H1 2025
Phoenix Financial Ltd., a leading Israel-based asset management, insurance, and investment company (TLV:PHOE) ("Phoenix," the "Group," or the "Company," formerly Phoenix Holdings), today reported its results for the first half of 2025 and second quarter of 2025.
About this update from Phoenix Financial Ltd
[{"type":"text","content":"TEL-AVIV, Israel, Aug. 25, 2025 /PRNewswire/ -- Phoenix Financial Ltd., a leading Israel-based asset management, insurance, and investment company (TLV:PHOE) ("Phoenix," the "Group," or the "Company," formerly Phoenix Holdings), today reported its results for the first half of 2025 and second quarter of 2025.","length":340,"tagName":"p"},{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"text","content":"Comprehensive income of NIS 1,496 million, or NIS 6.0 per share, and return on equity of 27% for the first half of 2025.","length":120,"tagName":"p"},{"type":"text","content":"Comprehensive income of NIS 928 million, or NIS 3.7 per share, and return on equity of 35% for the second quarter of 2025.","length":122,"tagName":"p"},{"type":"text","content":"Continued growth reflected in a 22% increase in core income to NIS 1,318 million in the first half of 2025, with core ROE reaching 24%; this run rate for H1 2025 is within the target range for 2027, and consequently the Company will publish revised strategic targets during the fourth quarter of 2025.","length":301,"tagName":"p"},{"type":"text","content":"Comprehensive income contribution from non-operating effects was NIS 178 million and NIS 236 million in the first half and first quarter of 2025, respectively.","length":159,"tagName":"p"},{"type":"text","content":"Growth in Asset Management continued to accelerate to NIS 426 million core income in the first half of 2025, an increase of 44% compared to the corresponding period in 2024.","length":173,"tagName":"p"},{"type":"text","content":"Phoenix generates high quality cashflow income, and will distribute NIS 400 million, or NIS 1.59 per share, as a dividend from second quarter earnings; total dividends from first half earnings are NIS 630 million.","length":213,"tagName":"p"},{"type":"text","content":"In addition, the Company is expanding its 2025 share buyback plan from NIS 100 million to NIS 200 million.","length":106,"tagName":"p"},{"type":"text","content":"In July 2025, the Company reported a transaction to acquire 17% of Phoenix Agencies' shares; upon completion, the Company will increase its holding in Phoenix Agencies to 95% as part of its growth strategy and acceleration of value creation in Phoenix Agencies.","length":265,"tagName":"p"},{"type":"text","content":"G...