Harel Insurance Investments & Financial Services Ltd. · TASE:HARL
Harel Insurance Investments & Financial Services — H1 2018 Earnings Presentation
17 slides from Harel Insurance Investments & Financial Services's earnings presentation, August 2018
Slide 1: Summary of Financial Results for the Period H1.18
SUMMARY OF FINANCIAL RESULTS FOR THE PERIOD H1.18
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. # LARGEST +AA RATING** OVER 3 MILLION PLATINUM PLUS INSURANCE CLIENTS RATING FROM MAALA COMPANY IN CSR 4 YEARS IN A ROW ISRAEL* * Measured according to income from premiums for the year 2017 3 ** The rating refers to Harel Insurance, a w
Slide 4: About Us
ABOUT US Harel Insurance Investments & Financial Services Ltd. about (NIS BILLION) Data is correct for 30.06.18 about about about about Solvency II - surplus Market cap Total earned Assets Under Equity attributed (at December 31, (at August 22, premiums and Management to shareholders 2016) 2018) con
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 16% 16% 14% 12% 423 437 9% 9% 381 8% 250 183 170 H1.17 H1.18 Q2.17 Q2.18 H1.17 H1.18 Q2.17 Q2.18 5
Slide 6: Earned Premiums and Contributions, Gross
EARNED PREMIUMS AND CONTRIBUTIONS, GROSS (NIS MILLION) +15.5% +7.5% 3, 3,254 ,4 8,9 8 2,420 1,931 7,221 +13.0% 6,273 5,516 , 99 443 301 , 49 1,782 258 +10.4% 3,146 1,390 PROVIDENT CONTRIBUTIONS 3,066 2,944 3,897 PENSION CONTRIBUTIONS 3,359 , 8 , 9 4,424 242 INSURANCE COMPANIES OVERSEAS 3,964 4,163 2
Slide 7: Assets Under Management (AUM) and Nostro Assets
ASSETS UNDER MANAGEMENT (AUM) AND NOSTRO ASSETS (NIS BILLION) 232 220 13 13 15 186 191 185 15 20 167 13 19 14 14 39 13 15 14 37 14 18 12 25 121 34 32 59 30 55 105 33 5 PORTFOLIO MANAGEMENT * 6 29 44 6 27 4 20 37 ETNS 17 31 24 86 22 25 81 MUTUAL FUNDS 71 19 66 62 14 56 PROVIDENT FUNDS 47 42 PENSION F
Slide 8: Comprehensive Income Before Tax from Operating Segments
COMPREHENSIVE INCOME BEFORE TAX FROM OPERATING SEGMENTS (NIS MILLION) 1, 34 285 34 6 205 644 OTHER CAPITAL 574 110 FINANCE 4 160 150 18 INSURANCE COMPANIES OVERSEAS 336 8 101 82 123 5 74 32 34 271 231 NON-LIFE INSURANCE 594 20 2 44 158 44 93 15 11 - 9 347 2 20 HEALTH 298 220 9 204 127 138 LONG-TERM
Slide 9: Non-Life Insurance Segment Comprehensive Income Before Tax
NON-LIFE INSURANCE SEGMENT COMPREHENSIVE INCOME BEFORE TAX (NIS MILLION) 123 74 205 82 44 20 (21) 56 53 15 59 56 MORTAGE INSURANCE 104 17 LIABILITIES & OTHER BRANCHES 25 45 - PROPERTY & OTHER BRANCHES 77 6 88 48 10 25 MOTOR PROPERTY 52 49 28 19 26 14 11 COMPULSORY MOTOR (12) (10) (24) (22) (26) (31)
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 69 347 98 17 25 44 486 220 204 69 138 22 1 7 12 PROVIDENT 38 20 305 7 20 12 185 54 160 172 PENSION 119 53 LIFE INSURANCE 2015 2016 2017 H1.17 H1.18 Q2.17 Q2.18 10
Slide 11: Financial Services Segment
FINANCIAL SERVICES SEGMENT (NIS MILLION) 300 253 202 101 107 50 55 34 18 20 8 (3) 9 11 REVENUS H1.17 H1.18 Q2.17 Q2.18 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 millio
Slide 12: Equity – Harel Insurance Investments and Financial Services
EQUITY – HAREL INSURANCE INVESTMENTS AND FINANCIAL SERVICES +8% (NIS MILLION) +3% +8% +5% 5,708 5,564 5,167 4,912 3 8 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) 7.8 7.6 7.1 1.7 1.7 1.4 5.9 6.1 5.7 SURPLUS CAPITAL REQUIRED CAPITAL 3 8 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 5.1 Taking into account the dividend of NIS 250 million distributed by H
Slide 15: Calculating a New Route
AN.c Digital = ry / CALCULATING A NEW ROUTE
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Slide 17: Thank You!
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