Harel Insurance Investments & Financial Services Ltd. · TASE:HARL
Harel Insurance Investments & Financial Services — Q1 2023 Earnings Presentation
22 slides from Harel Insurance Investments & Financial Services's earnings presentation, May 29, 2023
Slide 1: Summary of Financial Results Q1.23
SUMMARY OF FINANCIAL RESULTS Q1.23 | May 29, 2023 1
Slide 2: Disclaimer
This document has been prepared by Harel Insurance Investments and Financial Services Ltd. (hereinafter: the Company) solely for the purpose of presenting the Company's business. The information contained in this document has not been independently verified. No representation or warranty has been ex
Slide 3: Harel Group structure
48% Hamburger Family 52% a Harel Insurance Investments and Financial Services ‘Assets Under Management (AUM) Insurance fete) Fal Ezer Mortgage lerael Credit Inourance Harel Harel Harel ineurance Company ‘Company Finance Pension and Insurance Holdings Provident Company Interasco Societe Anonyme Gener
Slide 4: The Big Picture
THE BIG PICTURE Data at March 31, 2023 | NIS billions 6.8 9.2 About 169% About About MARKET CAP TOTAL EARNED SOLVENCY RATIO At March 28, 2023 PREMIUMS including the transitional gross benefit contributions provisions and amounts received for investment contracts At December 31, 2022 377 8.4 2% About
Slide 5: Harel is Number 1!
HAREL IS NUMBER 1! In gross earned premiums, Q1.23 1.5 1.5 1.2 3.2 1.1 0.7 9.2 benefit contributions and amounts received for investment contracts Q1.22 2 1.4 1.1 2.7 1.2 1.4 9.8 (NIS billions) 2 22 6.5 5.9 4.7 11.8 4.7 3.9 37.5 Amounts received for investment contracts Life insurance 33 Provident f
Slide 6: Increase of 277% in AUM and nostro assets since 2010
15 377 Increase of 31 3 23 122 133 58 49 277% 2 22 121 128 56 43 15 363 2 21 124 126 53 43 16 362 in AUM and nostro assets since 2010 (NIS billions) 2 2 108 87 44 39 13 291 2 1 39 12 23 21 2 3 100 INSURANCE PENSION FUNDS PROVIDENT FUNDS MUTUAL FUNDS ETNS PORTFOLIO MANAGEMENT AND OTHER* *The data inc
Slide 7: Comprehensive Income (Loss)
Comprehensive Income (Loss) After Tax COMPREHENSIVE 1,518 833 INCOME (LOSS) 326 33 (77) 2 2 2 21 2 22 Q1.22 Q1.23 After tax (NIS millions) and return on equity (In Annual Terms) Return on Equity 18% 15% 11% 2% (1%) 2 2 2 21 2 22 Q1.22 Q1.23 7
Slide 8: Operating Segments
2,163 598 OPERATING 78 43 1,208 535 SEGMENTS 209 40 73 340 6 457 12 77 22 Comprehensive Income 909 24 (Loss) before tax 542 798 592 52 (NIS millions) 14 152 (18) (193) (54) (42) (690) (386) (199) 2 2 2 21 2 22 Q1.22 Q1.23 LONG-TERM SAVINGS HEALTH NON-LIFE INSURANCE* FINANCE CAPITAL AND OTHER *Includ
Slide 9: Life Insurance and Long-Term Savings Segment
LIFE INSURANCE AND LONG-TERM SAVINGS SEGMENT Comprehensive Income (Loss) before tax (NIS millions) 909 68 91 542 57 68 750 417 46 57 10 8 15 14 (40) (218) (18) (193) (793) (690) 2 2 2 21 2 22 Q1.22 Q1.23 LIFE INSURANCE PENSION PROVIDENT 9
Slide 10: Non-Life Insurance Segment
NON-LIFE 343 INSURANCE 53 31 28 21 111 SEGMENT 93 53 161 176 7 69 54 88 8 122 Comprehensive Income (Loss) before tax 88 119 103 85 28 (NIS millions) 26 5 31 (23) (27) (69) (70) (253) (61) 2 2 2 21 2 22 Q1.22 Q1.23 COMPULSORY MOTOR MOTOR PROPERTY OTHER PROPERTY BRANCHES OTHER LIABILITIES BRANCHES MOR
Slide 11: Financial Services Segment
FINANCIAL 264 254 220 SERVICES SEGMENT (NIS millions) 78 73 72 58 40 12 14 2 2 2 21 2 22 Q1.22 Q1.23 REVENUES COMPREHENSIVE INCOME BEFORE TAX 11
Slide 12: Equity and Dividend
EQUITY AND DIVIDEND Dividend distribution Policy 30% 35% of annual profit of of annual profit of Harel Investments Harel Insurance 8.9 8.4 8.4 Equity (NIS billions) 4.2 2 12 2 21 2 22 Q1.23 Dividend (incl. NIS repurchase of shares) 64 397 474 - (NIS millions) Dividend yield (incl. 2 6 6 - 2.9 B repu
Slide 13: Harel Insurance Capital Surplus
HAREL INSURANCE CAPITAL SURPLUS Including the transitional provisions Without the transitional provisions (NIS billions) Harel Insurance is governed by a Solvency II based economic solvency regime In accordance with the Commissioner’s directives, the economic solvency ratio at December 31, 2022, was
Slide 14: Our Global Partners
OUR GLOBAL PARTNERS @ Swiss Re & Ww ® QBE TOKIO MARINE SRPAN CHUBB @ HDI ZURICH RSA ay GERLING ®& CHINARE Allianz @ ae | =| rite Ss ; STARR puiaL sen aE ae) 45) TatanceconPsis UBALINSURARE goes
Slide 15: Harel Travel Insurance
Harel Travel Insurance You will never walk alone With Harel by your side
Slide 16: Travel Insurance Today More Than Ever
Today More Than Ever Travel Insurance
Slide 17: Turkey Rescue
Turkey Rescue Always by your side in the moment of truth During the earthquake, Harel Company sent the Harel 669 rescue unit to Turkey in order to help Harel policyholders and the local population as much as needed
Slide 18: South Korea Rescue
South Korea Rescue Always by your side in the moment of truth After the serious road accident that happened in South Korea in which a bus of dozens of Israeli travelers was involved, we opened an operations room in Harel to provide emotional assistance to the policyholders and their families and sen
Slide 19: Appeal to the Gen-Z
Appeal to the Gen-Z The first step in the insurance world Work on social channels with Relevant content on New videocast about popular and loved content creators digital platforms trips abroad Lior Mars Content creator and beginner actress from diverse worlds for We caught the Israelis for a young p
Slide 20: Harel Extra Travel
Harel Extra Travel Harel Extra Travel eSIM New! phone plan Free expansion of 20% off adventurous sports for Much more than travel insurance travelers to Sinai Cooperation with PayCall, When purchasing an insurance which provides a phone plan package abroad, you can choose abroad to Harel clients at
Slide 21: Harel Travel App
Harel Travel App We have packed the Harel Travel App for you that will accompany you wherever you are A quick call to Prepayment of $300 the Harel by Bit or credit emergency before medical center 24/7 treatment Payment of $150 by Locating a doctor Bit or credit for a or clinic in the delayed suitcas
Slide 22: You might have travel insurance
More surprises down the road… You might have travel insurance But you don’t have Harel
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