Harel Insurance Investments & Financial Services Ltd. · TASE:HARL
Harel Insurance Investments & Financial Services — FY2015 Earnings Presentation
12 slides from Harel Insurance Investments & Financial Services's earnings presentation, March 2016
Slide 1: Summary of financial results for the period 1-12/2015
Summary of financial results for the period 1-12/2015 Harel Insurance Investments & Financial Services Ltd. March 2016
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: Comprehensive income after tax and ROE in NIS million
Comprehensive income after tax and ROE in NIS million (in annual terms) Comprehensive income after tax 686 533 381 2013 2014 2015 Return on Equity 16% 11% 8% 2013 2014 2015 Harel Insurance Investments & Financial Services Ltd 3
Slide 4: Earned premiums and benefit contributions, gross
Earned premiums and benefit contributions, gross (NIS million) 2013 Increase % 2014 2015 Li fe a s s ura nce 3,810 12% 3,797 * 4,243 Hea l th i ns ura nce 3,192 11% 3,571 3,964 Non-l i fe i ns ura nce 3,103 (4%) 3,198 3,066 Ins ura nce compa ni es overs ea s 177 20% 215 258 Tota l 10,282 7% 10,781 1
Slide 5: Assets under management (AUM) and nostro assets
Assets under management (AUM) and nostro assets (NIS billion) Portfolio management * 200 179.3 178.4 ETNs 180 8.9 8.7 161 160 15.3 14.1 Mutual funds 8.5 12.1 140 24.7 33.7 Provident funds 119.1 32.9 120 2.9 6.0 29.6 Pension funds 100.3 101.5 29.0 100 2.3 3.6 19.5 83.2 3.1 3.6 27.2 Insurance 1.8 20.8
Slide 6: Comprehensive income before tax from operating segments
Comprehensive income before tax from operating segments (NIS million) 2013 2014 2015 Long-term savings 432 164 298 Health 202 140 2 Non-life insurance 219 287 124 Finance 27 64 8 Insurance companies overseas (12) 5 (7) Other capital 221 160 150 Total 1,089 819 574 1,200 1,089 1,000 221 819 27 800 21
Slide 7: Non-life insurance segment – comprehensive income before tax
Non-life insurance segment – comprehensive income before tax (NIS million) 2013 2014 2015 Compulsory motor 112 129 88 Motor property 24 34 (12) Property and other branches 25 47 59 Liabilities and other branches 4 13 (65) Mortgage insurance 54 64 53 Total 219 287 124 400 300 287 219 64 124 13 200 54
Slide 8: Life assurance and long-term savings segment - comprehensive income before tax
Life assurance and long-term savings segment - comprehensive income before tax (NIS million) 2013 2014 2015 Life assurance 346 40 185 Pension 57 69 69 Provident 29 55 44 Total 432 164 298 500 432 450 29 400 57 350 298 300 44 250 200 164 69 346 150 55 100 185 69 50 40 0 Harel Insurance Investments &
Slide 9: Financial services segment
Financial services segment (NIS million) 2013 2014 2015 Revenus 254 304 300 Comprehensive income before taxes 27 64 8 EBIDTA 50 83 91 304 300 254 83 91 50 64 27 8 2013 2014 2015 Revenus Comprehensive income before taxes EBIDTA * Including reduced value of the mutual fund activity by NIS 68 million b
Slide 10: Equity – Harel Investments
Equity – Harel Investments (NIS million) 4,912 4,724 4,512 4,152 Dividend (NIS million) * 64 308 320 235 Dividend yield (%) 2.3% 7.6% 7.5% 6.3% * On March 23, 2016, after the balance sheet date, the Company’s Board of Directors approved the distribution of a cash dividend in the amount of NIS 107 mi
Slide 11: Capital surpluses – Harel Insurance
Capital surpluses – Harel Insurance (NIS million) Surplus capital Required capital 8,000 7,000 6,768 6,326 5,720 1,230 6,000 1,085 947 5,000 4,000 3,000 5,241 5,538 4,773 2,000 1,000 0 * As a result of the merger of Dikla’s insurance activity, the capital surplus of Harel Insurance increased by NIS
Slide 12: Insurance & Finance
Insurance & Finance
Harel Insurance Investments & Financial Services — FY2015 Earnings Presentation on 6ix