Harel Insurance Investments & Financial Services Ltd. · TASE:HARL
Harel Insurance Investments & Financial Services — Q1 2022 Earnings Presentation
23 slides from Harel Insurance Investments & Financial Services's earnings presentation, May 30, 2022
Slide 1: Harel Winning by Numbers Q1.22
HAREL WINNING BY NUMBERS Q1.22 | May 30 2022 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 Investments | Holding Structure
HAREL INVESTMENTS | HOLDING STRUCTURE HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICED LTD. INSURANCE AGENCIES INSURANCE BUSINESS ASSETS UNDER FINANCIAL SERVICES MANAGEMENT (AUM) Yedidim Pension Arrangements Insurance Agency Ltd. HAREL INSURANCE COMPANY LTD. Harel Pension and Provident Ltd. Harel Fi
Slide 4: The Big Picture
THE BIG PICTURE Data at March 31, 2022 | NIS billions 7.8 9.8 175% About About About MARKET CAP TOTAL EARNED SOLVENCY At May 29, 2022 PREMIUMS RATIO gross benefit contributions At December 31, 2021 and amounts received for investment contracts About About About Aa2 RATING HAREL INVESTMENTS Over 4 MI
Slide 5: Harel Is Number 1!
HAREL IS Q1.22 2.0 1.4 1.1 2.7 1.2 1.4 9.8 NUMBER 1! Q1.21 1.5 1.3 0.9 2.2 0.80.7 7.4 In gross earned premiums, 2021 5.9 5.4 4.0 10.0 3.8 3.9 33 benefit contributions and amounts received for investment contracts 2020 6.1 5.0 3.9 9.2 3.2 2.5 29.9 (NIS billions) 2019 6.3 4.9 3.9 8.9 3.5 3.3 30.8 Life
Slide 6: Increase in AUM and nostro assets since 2010
Q1.22 125 126 53 42 16 362 Increase of 262% 2021 124 126 53 43 16 362 2020 108 87 44 39 13 291 in AUM and nostro assets since 2010 2019 103 76 45 44 15 283 (NIS billions) 2010 39 12 23 21 2 3 100 INSURANCE PENSION FUNDS PROVIDENT FUNDS MUTUAL FUNDS ETNS PORTFOLIO MANAGEMENT AND OTHER* *The data incl
Slide 7: Comprehensive Income
Comprehensive Income After Tax COMPREHENSIVE 1,518 978 833 INCOME 254 326 2019 2020 2021 Q1.21 Q1.22 After tax (NIS millions) and return on equity Return on Equity 18% 15% 13% 15% 11% 2019 2020 2021 Q1.21 Q1.22 7
Slide 8: Operating Segments
2,163 OPERATING 598 1,365 SEGMENTS 78 43 468 1,208 29 535 209 Comprehensive income 40 (Loss) before tax 577 340 (NIS millions) 457 22 77 12 342 24 909 165 553 542 17 592 37 222 (99) (262) (193) 2019 2020 2021 Q1.21 Q1.22 *Including results of travel insurance segment 8 LONG-TERM SAVINGS HEALTH NON-L
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 91 553 542 60 57 74 68 750 222 419 417 15 18 189 10 15 (218) (193) 2019 2020 2021 Q1.21 Q1.22 LIFE INSURANCE PENSION PROVIDENT 9
Slide 10: Non-Life Insurance Segment
558 NON-LIFE 68 28 INSURANCE 113 343 SEGMENT 159 53 21 111 Comprehensive income 93 53 (Loss) before tax 69 (NIS millions) 88 54 8 190 42 85 119 15 88 6 21 26 18 5 (18) (69) (70) (61) 2019 2020 2021 Q1.21 Q1.22 COMPULSORY MOTOR MOTOR PROPERTY OTHER PROPERTY BRANCHES *Non-life insurance segment, not i
Slide 11: Financial Services Segment
FINANCIAL SERVICES 220 254 SEGMENT 207 (NIS millions) 78 58 58 40 29 17 12 2019 2020 2021 Q1.21 Q1.22 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 8.9 7.8 6.9 5.8 6.2 5.1 5.4 4.5 4.8 Equity 4.2 (NIS billions) 3.5 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1.22 Dividend (NIS millions) 106 64 308 320
Slide 13: Harel Insurance Capital Requirements - Solvency
HAREL INSURANCE CAPITAL REQUIREMENTS - SOLVENCY Solvency 175% (NIS billions) 17.8 Solvency 116% An economic solvency regime based on Solvency II applies to Harel Insurance, and this pursuant to the implementation provisions published in June 2017 and revised in October 2020 (“Provisions of an Econom
Slide 14: You might have health insurance but you don't have...
You might have health insurance BUT YOU DON'T HAVE Q1 | 2 0 2 2 14
Slide 15: You've got Brand Superiority
You’ve got an anchor of stability Brand 48% SUPERIORITY in the health field 15% (unaided awareness) 13% 7% 7% Menora Clal Migdal Israel Phoenix Harel According to a brand equity study conducted by iPanel, February 2022 15
Slide 16: You've got a variety of services and products
You’ve got a variety of services and products Critical illness Outpatient medical Expanded insurance insurance prescription insurance Child Surgery insurance Personalized development medicine online Supplementary From the Deductible health services first dollar and house calls (Shaban) by doctors Pr
Slide 17: You've got House calls by doctors
You’ve got House calls by doctors New! Medical services from a doctor AT HOME OR WHEREVER THE INSURED IS This includes: Issuing a prescription Performing laboratory tests 17
Slide 18: You've got personal accident insurance
You’ve got personal accident insurance COVERAGE FOR A VARIETY OF MEDICAL AND OTHER EVENTS caused by unanticipated accidents in our lives 18
Slide 19: You've got Travel insurance
You’ve got Travel insurance Which is first and foremost health insurance that covers you! Walla News, February 26, 2022 19
Slide 20: You've got Travel insurance app
You’ve got Travel insurance Which is first and foremost health insurance that covers you! Special app that includes 1 2 Find a doctor 24/7 overseas Emergency Call and Rescue Center 3 4 10% cashback Up to $150 by bit on your next trip for late luggage 20
Slide 21: You've got partnership between Harel & Marpet
You’ve got partnership between Harel & Marpet Insureds’ pets have long been part of the family WE ALSO TAKE CARE OF THEIR HEALTH AND OFFER SPECIAL BENEFITS 21
Slide 22: You've got financial health content
You’ve got #We’ve_set out to improve the public's financial health # through content for children, teens, families and adults financial health over a variety of channels and different platforms 22
Slide 23: So you've got commitment, innovation, professionalism
So you’ve got Commitment Innovation Professionalism And definitely much more than insurance coverage 23
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