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    Multi-line insurance
Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd.

TTASE:HARL
19,610.00
ILA
-390.00
(-1.95%)
1,574.09EPS
9.82P/E
3.22TMarket Cap
Nov 30Next Earn
Harel Insurance Investments & Financial Services Ltd.
TASE:HARL
(Tel Aviv Stock Exchange)

Recent

price

19,610.00

P/E

ratio

9.82

div

yld

2.31%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
ILS
52.43
41.51
59.7
68.8
62.5
63.17
134.61
86.4
68.79
108
87.32
128.37
59.82
118.3
118.72
138.91
147.31
Revenue per Share
2.59
0.99
2.13
3.23
1.78
2.16
3.15
3.21
2.91
2.13
3.38
5.65
4.27
2.31
7.72
14.61
15.95
Basic EPS, GAAP
-9.59
0.46
-12.63
-22.49
-12.72
3.34
10.86
3.65
3.2
-3.1
4.97
5.29
7.56
14.38
-17.03
24.2
10.26
Free Cash Flow per Basic Share
0.84
0.5
0.3
1.46
1.52
1.12
2.02
2.16
0.5
1.6
- -
1.2
1.89
0.48
2.66
3.18
4.53
Dividend per Share
16.88
16.54
20.48
20.39
22.35
23.17
23.9
20.85
27.59
32.2
36.08
39.76
37.4
41.07
44
59.14
61.45
Book Value per Share
9.73
9.62
13.41
13.07
14.82
15.94
17.22
16.01
20.23
24.34
27.64
29.69
26.88
29.78
31.09
44.8
46.94
Tangible Book Value per Share
204
211
211
211
211
211
104
213
213
214
214
214
212
210
207
205
206
Basic Weighted Avg Shares
10,706
8,767
12,606
14,509
13,159
13,298
13,981
18,416
14,654
23,154
18,720
27,486
12,688
24,856
24,578
28,435
30,292
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
130
160
164
190
201
277
179
219
230
263
289
322
385
428
460
507
515
Depreciation Expense
530
209
450
680
374
456
327
684
620
457
724
1,209
906
485
1,598
2,990
3,279
Net Income, GAAP
35.56
43.52
36.42
35.74
34.22
33.3
8.4
30.91
27.74
18.54
28.99
28.62
30.36
22.74
31.49
33.23
33.8
Effective Tax Rate (%)
4.95
2.38
3.57
4.69
2.84
3.43
2.34
3.71
4.23
1.97
3.87
4.4
7.14
1.95
6.5
10.52
10.82
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
2,441
5,727
7,980
12,471
15,726
16,156
15,682
3,355
3,916
6,633
6,033
6,613
6,969
10,878
18,347
22,274
25,774
LT Debt
3,580
3,512
4,152
4,512
4,724
4,912
5,167
4,322
5,920
6,920
7,754
8,893
8,387
9,213
9,950
12,192
12,655
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
11.22
4
5.17
5.44
2.55
2.54
2.05
5.39
8.54
5.22
6.29
9.48
7.29
4.6
7.96
11.35
11.25
Return on Capital (%)
15.85
5.89
11.76
15.72
8.11
9.47
6.5
14.43
12.12
7.13
9.89
14.57
10.54
5.55
16.81
27.14
27.61
Return on Common Equity (%)

Capital Structure

ILS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
367
467
618
LT Borrowings
22,181
23,487
25,774
LT Finance Leases
93
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
206
206
206
Market Capitalization
25,576
35,829
32,197

Working Capital

ILS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
28,188
26,660
31,305
Accounts Receivable, Net
314
2,489
1,522
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
367
467
618
Deferred Revenue
- -
- -
- -

Growth Rates

ILS

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.41%
9.88%
22.53%
Free Cash Flow
-76.18%
-64.2%
-240.5%
Net Income, GAAP
41.58%
62.41%
87.11%
Sales/Revenue/Turnover
15.87%
20.69%
15.69%
Total Cash Common Dividend
- -
- -
18.18%

Quarterly Revenue

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,151
3,356
7,600
6,362
24,578
2025
3,960
8,942
7,920
7,489
28,435
2026
4,222
10,661
- -
- -
- -

Quarterly Earnings Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.14
1.9
3.04
1.06
7.72
2025
2.4
4.06
4.16
3.92
14.61
2026
2.67
5.2
- -
- -
- -

Quarterly Dividends Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
1.69
0.97
- -
2.66
2025
1.21
- -
1.95
- -
3.18
2026
- -
2.59
- -
- -
- -
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Business
Harel Insurance Investments & Financial Services Ltd (HARL.TA) is Israel's largest insurance and financial services group, providing a broad range of insurance, asset management, and credit products primarily to individuals, businesses, and institutional clients throughout Israel, Europe, and select international markets; headquartered in Ramat Gan, Israel, and founded in 1935 with public listing in 1982. The company offers health, non-life, and life insurance; credit insurance through ICIC (Israel Credit Insurance Company); mortgage insurance via EMI; pension funds, provident and education funds, mutual funds, portfolio management, and exchange-traded funds (ETFs); as well as capital market financial services through Harel Finance and subsidiaries; in its credit segment, it provides medium business credit via Hamatzpen, mortgages and reverse mortgages through Harel 60+, real estate developer financing, and third-party financial guarantees related to mortgage portfolios; overseas insurance operations include activities via Turk Nippon in Turkey and Interasco in Greece. Recent developments include Clal Insurance Enterprise Holdings' acquisition of a 1% stake from the controlling Hamburger family in July 2025, reducing their ownership to 45.3%; a January 2025 agreement with Amitim Senior Pension Funds to acquire a combined 44% stake in a partnership holding the Sunlight cluster of Israeli renewable energy projects for $50 million, enhancing exposure to renewable infrastructure; and co-leadership of Omnix Medical's $25 million Series C funding round in October 2025 to support anti-infective therapies development; additionally, the group expanded credit activities in 2020-2024 through Harel 60+ establishment and full acquisition of Gamla Harel holdings, alongside strategic partnerships such as with SCALE for U.S. lending platforms.