Harel Insurance Investments & Financial Services Ltd. · TASE:HARL
Harel Insurance Investments & Financial Services — Investor Presentation (March 2022)
28 slides from Harel Insurance Investments & Financial Services's investor presentation, Mar 28, 2022
Slide 1: Harel: Winning by Numbers
HAREL WINNING BY NUMBERS For 2021 | March 28 2022
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 Investments | Holding Structure
HAREL INVESTMENTS | HOLDING STRUCTURE HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICED LTD. INSURANCE AGENCIES INSURANCE BUSINESS PENSION SAVINGS FINANCIAL SERVICES Yedidim Pension Arrangements Insurance Agency Ltd. HAREL INSURANCE COMPANY LTD. Harel Pension and Provident Ltd. Harel Finance Holdings
Slide 4: The Big Picture
THE BIG PICTURE Data at December 31, 2021 | NIS billions 8.3 33.0 159% About About About MARKET CAP TOTAL EARNED SOLVENCY At March 27, 2022 PREMIUMS RATIO gross benefit contributions At December 31, 2020 and amounts received for investment contracts 362 8.9 About About Aa2 RATING Over PLATINUM PLUS
Slide 5: Harel Is Number 1!
HAREL IS 2021 5.9 5.4 4 10 3.8 3.9 33 NUMBER 1! In gross earned premiums, 2020 6.1 5.0 3.9 9.2 3.2 2.5 29 2019 6.3 4.9 3.9 8.9 3.5 3.3 30.8 benefit contributions and amounts received for investment contracts 2018 (NIS billions) 5.6 4.7 3.9 8.3 3.6 4.9 31 -5 0 5 10 15 20 25 30 35 Life insurance Healt
Slide 6: Increase in AUM and nostro assets since 2010
0 50 100 150 200 250 300 350 400 2021 124 126 53 43 16 362 Increase of 262% 2020 108 87 44 39 13 291 2019 103 76 45 44 15 283 in AUM and nostro assets 2018 87 62 39 34 13 235 since 2010 (NIS billions) 2010 39 12 23 21 23 100 INSURANCE PENSION FUNDS PROVIDENT FUNDS MUTUAL FUNDS ETNS PORTFOLIO MANAGEM
Slide 7: Comprehensive Income
Comprehensive Income After Tax 1,518 COMPREHENSIVE 978 833 528 INCOME 2018 2019 2020 2021 After tax (NIS millions) and return on equity Return on Equity 18% 15% 9% 11% 2018 2019 2020 2021 7
Slide 8: Operating Segments
2,163 598 1,365 78 43 OPERATING 468 1,208 29 535 SEGMENTS 209 40 719 577 340 Comprehensive income 34 87 (loss) before tax 77 (NIS millions) 289 909 553 542 334 (25) 2018 (262) 2020 2021 2019 LONG-TERM SAVINGS HEALTH NON-LIFE INSURANCE* FINANCE CAPITAL AND OTHER 8 *Including results of travel insuran
Slide 9: Life Insurance and Long-Term Savings Segment
LIFE INSURANCE AND LONG-TERM SAVINGS SEGMENT Comprehensive income before tax (NIS millions) 909 68 91 553 542 60 57 74 68 334 750 46 81 417 419 207 2018 2019 2020 2021 חייםinsurance Life ביטוח פנסיהFunds Pension גמל Provident Funds 9
Slide 10: Non-Life Insurance Segment
558 68 28 NON-LIFE 113 343 INSURANCE 82 159 53 21 111 SEGMENT 31 92 93 88 53 69 Comprehensive income (Loss) before tax 190 (NIS millions) 93 119 88 (54) (69) (80) (61) 2018 2019 2020 2021 COMPULSORY MOTOR MOTOR PROPERTY OTHER PROPERTY BRANCHES OTHER LIABILITIES BRANCHES MORTAGE INSURANCE 10 *Non-lif
Slide 11: Financial Services Segment
FINANCIAL 254 220 209 SERVICES 207 SEGMENT (NIS millions) 78 34 40 29 2018 2019 2020 2021 REVENUES COMPREHENSIVE INCOME BEFORE TAX 11
Slide 12: Equity and Dividend
EQUITY AND DIVIDEND Dividend distribution Policy 35% 30% of annual profit of of annual profit of Harel Insurance Harel Investments 8.9 7.8 6.2 6.9 5.1 5.4 5.8 4.2 4.5 4.8 Equity (NIS billions) 3.5 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Dividend (NIS millions) 106 64 308 320 235 171 4
Slide 13: Harel Insurance Capital Requirements - Solvency
HAREL INSURANCE CAPITAL REQUIREMENTS - SOLVENCY Solvency 159% (NIS billions) An economic solvency regime based on Solvency II applies to Harel Insurance, and this pursuant to the 15.5 Solvency 105% implementation provisions published in June 2017 and revised in October 2020 (“Provisions of the Econo
Slide 14: Our Global Partners
OUR GLOBAL PARTNERS @ Swiss Re & AY ® € QBE TOKIO MARINE SOMPO. Pha a JAPAN CHUBB @ SS) HDI ZURICH RS Ne, ae ‘i GERLING TarichIneurance Company DUBAI INS ANCE & CHINA RE Be | Berkshire Hathaway Allianz @) aA, HARTFORD Seay et
Slide 15: 2021 highlights
You might have insurance but you don't have 2021 highlights
Slide 16: A Year of Achievements
2021 And what did we have in A year of ACHIEVEMENTS We are We crossed We handled We paid number the NIS about over NIS In yields of the general In total assets under For various health track in investment management in the In health claims claims In Israel and provident funds pension fund worldwide
Slide 17: A Year of Acquisitions
2021 And what did we have in A year of ACQUISITIONS Upon completion of the acquisition of Shirbit's activity the company increased its market share in non-life insurance and expanded its Following completion of the deal to customer base acquire management rights of provident funds and pension funds
Slide 18: A Year of Awards
2021 And what did we have in A year of AWARDS 18
Slide 19: A Year of Innovation
2021 And what did we have in A year of INNOVATION GRANT HAREL TRAVEL RENEWED SUPPLEMENTAL RISK TRACK PREMIUM GOLD INSURANCE APP UPGRADE TO SHS FOR LIFE Changing the rules of the game in critical A special and user-friendly app that allows Full coverage for private surgeries in Israel A product that
Slide 20: A Year of Innovation
MEDICATION GREEN TRACK Immediate and digital approval for medications and reimbursement through the BIT app. 2021 And what did we have in RAPID DIAGNOSIS IN OPHTHALMOLOGY Addition of rapid diagnosis and consultation with a A year of INNOVATION specialist, even in ophthalmology, at Assuta Hospital. P
Slide 21: A Year of Innovation: Savings
2021 And what did we have in S&P 500 A year of INNOVATION HAREL INDEX INDEX TRACKING INVESTING FUND Savings A unique savings and Addition of an index investment product that tracking investing fund in includes 6 index fund comprehensive and investment tracks in general pension, fund, which the inves
Slide 22: A Year of Innovation: Elementary
2021 And what did we have in Elementary A year of INNOVATION Insurance for Harel invested in ELECTRIC CARS ADVANCED CRM Special insurance for drivers with electric vehicles with appropriate coverage and a SYSTEM FOR SALES comprehensive solution to the needs of insureds. HOME INSURANCE APP Simple and
Slide 23: A Year of Innovation: Agents
2021 And what did we have in Agents A year of INNOVATION ONGOING PROFESSIONAL TRAINING PROGRAM A variety of training in various fields - a weekly training program held on Teams that allows agents to develop professionally in various fields, wherever they may be THE NEW AGENTS DIGITAL DESKTOP “MICHLO
Slide 24: A Year of Content
2021 And what did we have in A year of CONTENT Harel launched its INSTAGRAM page A new season of Avalama with Leah Lev NFT | Squid Game, the Economic Perspective A and B | Tel Aviv Museum Special (Yayoi Kusama exhibition) And more...
Slide 25: And how did we continue into 2022
And how did 2022 we continue into
Slide 26: Innovative Harel Marpet Initiative
And how did 2022 we continue into Innovative Harel Marpet initiative Through which Harel's health insurance customers are eligible to exclusive benefits for Marpet health services for pets, under very good terms 26
Slide 27: Financial Health Is Not a Dirty Word
And how did # 2022 we continue into Financial_health is not a dirty word As Israel's largest health insurance company, we are stepping up to improve the public’s financial health. Along with our partners, we will provide content for children, teens, families and adults over a variety of channels and
Slide 28: And We'll Get There
IMAGINE where else we can go AND WE’LL GET THERE
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