The Phoenix Holdings Ltd.
PHOE.TA
Tel Aviv Stock Exchange16,650.00
ILA
-250.00
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The Phoenix Holdings Ltd.
PHOE.TA
(Tel Aviv Stock Exchange)
Recent
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16,650.00
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yld
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ROIC.AI
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- Business
- The Phoenix Financial Ltd (TASE: PHOE), formerly The Phoenix Holdings Ltd, operates as Israel's leading financial services group, providing a comprehensive range of insurance, savings, pension, investment management, and credit products primarily to individual and corporate customers throughout Israel. The company offers multi-line insurance products including life and savings policies, health insurance, property and casualty coverage such as car, home, mortgage, and travel insurance; retirement solutions encompassing pension and provident funds; investment services through its investment house comprising mutual funds management, underwriting, investment banking, stock exchange trading, and wealth management platforms; distribution via agencies and brokerage; and credit services including payment card factoring, business loans, guarantees, construction financing, and real estate-backed lending. Founded in 1949 and headquartered at 53 Derech HaShalom, Givatayim, the company serves as a diversified provider across these segments with approximately 5,200 employees and assets under management supporting its market-leading position. In July 2025, Phoenix Financial completed a transaction to acquire HagOz (2015) Ltd, increasing its stake in subsidiary Phoenix Agencies to 95% through issuance of 3.95 million shares valued at NIS 381.5 million and a cash payment of NIS 381.5 million plus interest, reflecting a total HagOz valuation of NIS 763 million and accelerating growth in its brokers and advisors business with revised 2027 core income targets of NIS 350-450 million. Between July 2024 and January 2025, major shareholders Centerbridge Partners and Gallatin Point sold up to 21.5% of the company's shares to international and Israeli investors including Affinity Partners (nearly 10% stake), Delek Group, Lazard Asset Management, and others at NIS 37.50 per share, diversifying the shareholder base while Centerbridge and Gallatin retained about 10%. The company reported robust 2025 performance with 40% profit growth for the first nine months, declared NIS 400 million in Q2 dividends plus NIS 230 million in Q1, expanded its share buyback program to NIS 200 million, and maintains strong solvency ratios above targets.