Harel Insurance Investments & Financial Services Ltd. · TASE:HARL
Harel Insurance Investments & Financial Services — FY2017 Earnings Presentation
17 slides from Harel Insurance Investments & Financial Services's earnings presentation, March 2018
Slide 1: Summary of Financial Results for the Period 2017
SUMMARY OF FINANCIAL RESULTS FOR THE PERIOD 2017
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 3 YEARS IN A ROW ISRAEL* * Measured according to income from premiums for the period YTD9.17 3 ** The rating refers to Harel Insurance
Slide 4: About Us
ABOUT US about Harel Insurance Investments & Financial Services Ltd. (NIS BILLION) Data is correct for December 31st, 2017 about about about about Solvency II - surplus Market cap Total earned Assets Under Equity attributed (at December 31, (at March 25th, premiums and Management to shareholders 201
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* *846 533 *423 381 16% 11% 9% 8% 2014 2015 2016 2017 2014 2015 2016 2017 * Results of the non-life segment for 2016 include the effect of the revised outstanding claims in compulsor
Slide 6: Earned Premiums and Contributions, Gross
EARNED PREMIUMS AND CONTRIBUTIONS, GROSS (NIS MILLION) +15.5% +7.5% 23,565 +9% 20,401 3,254 18,978 2,420 17,410 1,931 1,754 7,221 6,273 5,516 PROVIDENT CONTRIBUTIONS 4,875 443 PENSION CONTRIBUTIONS 258 301 3,145 215 3,066 2,944 INSURANCE COMPANIES OVERSEAS 3,198 NON-LIFE INSURANCE 4,424 3,964 4,163
Slide 7: Assets Under Management (AUM) and Nostro Assets
ASSETS UNDER MANAGEMENT (AUM) AND NOSTRO ASSETS (NIS BILLION) 213.9 8.5 185.1 15.0 179.3 178.4 8.4 18.8 161 8.9 8.7 13.2 36.6 15.3 14.1 8.5 17.8 12.1 24.7 33.7 31.7 119.1 32.9 29.6 55.0 2.9 100.3 101.5 6.0 29.0 44.3 PORTFOLIO MANAGEMENT * 2.3 3.6 19.5 27.2 3.1 3.6 37.1 20.8 17.0 24.2 31.4 ETNS 25.4
Slide 8: Comprehensive Income Before Tax from Operating Segments
COMPREHENSIVE INCOME BEFORE TAX FROM OPERATING SEGMENTS (NIS MILLION) 1,233 284 34 6 819 205 159 64 5 574 110 OTHER CAPITAL 150 462 FINANCE 287 8 101 123 5 INSURANCE COMPANIES OVERSEAS 74 2 594 140 NON-LIFE INSURANCE * 158 298 HEALTH 164 127 (7) (3) LONG-TERM SAVINGS 2014 2015 2016 2017 * Results of
Slide 9: Non-Life Insurance Segment – Comprehensive Income Before Tax
NON-LIFE INSURANCE SEGMENT – COMPREHENSIVE INCOME BEFORE TAX (NIS MILLION) 287 205 64 13 123 55 47 53 74 15 34 MORTAGE INSURANCE 59 56 LIABILITIES & OTHER BRANCHES 105 PROPERTY & OTHER BRANCHES 129 77 88 MOTOR PROPERTY 51 14 COMPULSORY MOTOR (12) 2014 (24) (21) (65) 2017 (49) 2015 2016 Including a r
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 68 298 44 PROVIDENT 487 164 69 PENSION 55 127 20 LIFE INSURANCE 185 69 54 40 53 2014 2015 2016 2017 10
Slide 11: Financial Services Segment
FINANCIAL SERVICES SEGMENT (NIS MILLION) 304 300 253 202 64 REVENUS 34 8 (3) COMPREHENCIVE INCOME (LOSS) BEFORE TAXES* 2014 2015 2016 2017 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, f
Slide 12: Equity – Harel Insurance Investments and Financial Services
EQUITY – HAREL INSURANCE INVESTMENTS AND FINANCIAL SERVICES +8% +5% +4% (NIS MILLION) 5,564 5,167 4,912 4,724 2014 2015 2016 2017 DIVIDEND (NIS MILLION) * 320 235 171 461 DIVIDEND YIELD (%) 7.5 6.3 5.5 10.2 * On March 26, 2018, the Board of Directors approved a dividend distribution in the amount of
Slide 13: Harel Insurance Capital Requirements - Old Regime
HAREL INSURANCE CAPITAL REQUIREMENTS - OLD REGIME (NIS BILLION) +21%* +16%* 7.6 7.1 6.8 1.7 1.4 1.2 5.7 5.9 5.6 SURPLUS CAPITAL REQUIRED CAPITAL 2015 2016 2017 13 * Represents a change in surplus capital
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 6 8.5 4.7 SURPLUS CAPITAL 1.8 REQUIRED CAPITAL 2016 2016 MCR INCLUDING (
Slide 15: Calculating a New Route
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Slide 17: Thank You!
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