Harel Insurance Investments & Financial Services Ltd. · TASE:HARL
Harel Insurance Investments & Financial Services — Q1 2018 Earnings Presentation
17 slides from Harel Insurance Investments & Financial Services's earnings presentation, May 2018
Slide 1: Summary of Financial Results for the Period YTD3.18
SUMMARY OF FINANCIAL RESULTS FOR THE PERIOD YTD3.18
Slide 2: Disclaimer
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
Slide 3: About Us
ABOUT US Harel Insurance Investments & Financial Services Ltd. # 1 LARGEST +AA RATING** OVER 3 MILLION PLATINUM PLUS INSURANCE CLIENTS RATING FROM MAALA COMPANY IN CSR 3 YEARS IN A ROW ISRAEL* * Measured according to income from premiums for the year 2017 3 ** The rating refers to Harel Insurance, a
Slide 4: About Us
ABOUT US Harel Insurance Investments & Financial Services Ltd. about 224 (NIS BILLION) Data is correct for 31.03.18 about 6.3 about 6.1 about 5.5 about 1.9 Solvency II - surplus Market cap Total earned Assets Under Equity attributed (at December 31, (at May 28, 2018) premiums and Management to share
Slide 5: Comprehensive Income After Tax and ROE (in Annual Terms)
COMPREHENSIVE INCOME AFTER TAX AND ROE (IN ANNUAL TERMS) (NIS MILLION) COMPREHENSIVE RETURN ON EQUITY INCOME AFTER TAX 846 19% 16% 423 381 253 8% 9% 6% 80 2015 2016 2017 Q1.17 Q1.18 2015 2016 2017 Q1.17 Q1.18 5
Slide 6: Earned Premiums and Contributions, Gross
EARNED PREMIUMS AND CONTRIBUTIONS, GROSS (NIS MILLION) +15.5% +7.5% 23,566 3,254 20,401 18,978 2,420 1,931 7,221 6,273 5,516 443 258 301 3,146 3,066 2,944 +15.7% PROVIDENT CONTRIBUTIONS PENSION CONTRIBUTIONS 4,424 6,319 3,964 4,163 5,459 917 INSURANCE COMPANIES OVERSEAS 678 1,897 NON-LIFE INSURANCE
Slide 7: Assets Under Management (AUM) and Nostro Assets
ASSETS UNDER MANAGEMENT (AUM) AND NOSTRO ASSETS (NIS BILLION) 218 224 13 13 15 184 189 15 183 20 13 19 166 14 14 13 37 37 15 14 14 18 12 25 34 32 57 122 33 30 55 5 104 6 29 44 PORTFOLIO MANAGEMENT * 6 20 27 4 37 17 24 31 ETNS 25 80 82 22 70 MUTUAL FUNDS 19 64 61 14 55 PROVIDENT FUNDS 47 41 PENSION F
Slide 8: Comprehensive Income Before Tax from Operating Segments
COMPREHENSIVE INCOME BEFORE TAX FROM OPERATING SEGMENTS (NIS MILLION) 1,234 285 34 6 205 OTHER CAPITAL 574 110 150 462 FINANCE 8 101 371 INSURANCE COMPANIES OVERSEAS 123 5 74 69 2 594 8 2 NON-LIFE INSURANCE 62 158 23 298 105 HEALTH 207 9 3 127 65 22 LONG-TERM SAVINGS (7) (3) 16 -10 2105 2016 2017 Q1
Slide 9: Non-Life Insurance Segment Comprehensive Income Before Tax
NON-LIFE INSURANCE SEGMENT COMPREHENSIVE INCOME BEFORE TAX (NIS MILLION) 205 123 56 53 15 74 59 56 MORTAGE INSURANCE 104 LIABILITIES & OTHER BRANCHES 62 65 13 11 PROPERTY & OTHER BRANCHES 77 4 88 3 20 24 MOTOR PROPERTY 52 7 23 14 15 7 COMPULSORY MOTOR (12) (24) (22) Q1.17 Q1.18 2017 (65) (49) 2015 2
Slide 10: Life Assurance and Long-Term Savings Segment Comprehensive Income Before Tax
LIFE ASSURANCE AND LONG-TERM SAVINGS SEGMENT COMPREHENSIVE INCOME BEFORE TAX (NIS MILLION) 594 39 69 298 44 69 486 207 9 PROVIDENT 127 11 20 185 187 PENSION 54 16 53 10 18 LIFE INSURANCE -12 2015 2016 2017 Q1.17 Q1.18 10
Slide 11: Financial Services Segment
FINANCIAL SERVICES SEGMENT (NIS MILLION) 300 253 202 50 52 34 8 8 9 (3) REVENUS 2015 2016 2017 Q1.17 Q1.18 COMPREHENCIVE INCOME BEFORE TAXES* 11 * Comprehensive income before tax includes a write-down for the value of mutual fund activity in the amount of NIS 75 million and NIS 68 million before tax
Slide 12: Equity – Harel Insurance Investments and Financial Services
EQUITY – HAREL INSURANCE INVESTMENTS AND FINANCIAL SERVICES +8% (NIS MILLION) +5% 5,564 5,538 5,167 4,912 2015 2016 2017 31.03.18 DIVIDEND (NIS MILLION) 235 171 461 107 DIVIDEND YIELD (%) 6.3 5.5 10.2 1.8 12
Slide 13: Harel Insurance Capital Requirements Old Regime
HAREL INSURANCE CAPITAL REQUIREMENTS OLD REGIME (NIS BILLION) 7.6 7.7 7.1 1.7 1.7 1.4 5.9 6.0 5.7 SURPLUS CAPITAL REQUIRED CAPITAL 2016 2017 31.03.18 13
Slide 14: Harel Insurance Capital Requirements - Solvency
HAREL INSURANCE CAPITAL SOLVENCY REQUIREMENTS - SOLVENCY RATIO 123% SOLVENCY RATIO 206% (NIS BILLION) 1.9 It is emphasized that the model in its current format is extremely sensitive to changes in market and other variables Taking into account the dividend of NIS 250 million 5.1 distributed by H
Slide 15: Digital Big Data
Digital CALCULATING A NEW ROUTE Big Data 15
Slide 16: 16
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Slide 17: Thank You!
THANK YOU!
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