Harel
Harel Insurance Investments & Financial Services Ltd offers insurance and financial services in Israel, Europe, and internationally. Based in Ramat Gan.
Harel: net income sharply up (+21.7%), management fee income sharply up (+18.6%), equity up (+13.7%).
- Net income sharply upH1 2026
Net income (attributable to shareholders): ₪1,618M, vs. ₪1,329M a year earlier, i.e. +21.7%.
- Management fee income sharply upH1 2026
Management fee income: ₪899M, vs. ₪758M a year earlier, i.e. +18.6%.
- Equity upH1 2026
Equity: ₪12,655M, vs. ₪11,135M a year earlier, i.e. +13.7%.
- Insurance result downH1 2026
Insurance service result: ₪1,056M, vs. ₪1,124M a year earlier, i.e. −6.0%.
Sector indicators
Solvency ratio: taken from the company's report at its next publication.
What the market pays, vs. the sector
This company's valuation multiples history is being built day by day from now on.
P/E calculated on net income (trailing 12 months: last fiscal year + H1 2026 − same period a year earlier). Sector median: companies in the Israeli insurers group tracked here. Prices: Yahoo Finance; market cap cross-checked with the Tel Aviv Stock Exchange for Israeli stocks. These ratios describe a price, not a value: none of them says whether the share is expensive or cheap.
Dividend per share, over 5 years
Total dividends per share paid each calendar year (5 year(s) out of 5 with a payment). Source: Yahoo Finance. The current year is not complete.
Trades by executives and interested parties
9 filing(s) over 12 months · on shares: 4 increase(s) and 2 decrease(s) in holdings.
| Date | Holder | Security | Direction | Quantity | Price | |
|---|---|---|---|---|---|---|
| 14/09/2026 | Nir Cohen Director | Options | Down | 60,000 | ₪194.34 | Maya › |
| 27/07/2026 | Osnat Manor Zisman Executive | Options | Down | 20,666 | ₪178.79 | Maya › |
| 22/06/2026 | Gilad Dov Shapiro Executive | Options | Down | 29,000 | ₪158.48 | Maya › |
| 09/06/2026 | G.Y.N Financial Consulting and Investment Management 2017 LP Interested party | Shares | Up | 40,382 | ₪160.96 | Maya › |
| 08/06/2026 | G.Y.N Financial Consulting and Investment Management 2017 LP Interested party | Shares | Up | 23,278 | ₪165.83 | Maya › |
| 05/06/2026 | G.Y.N Financial Consulting and Investment Management 2017 LP Interested party | Shares | Up | 27,237 | ₪164.61 | Maya › |
| 04/06/2026 | G.Y.N Financial Consulting and Investment Management 2017 LP Interested party | Shares | Up | 30,333 | ₪164.83 | Maya › |
| 14/04/2026 | G.Y.N Financial Consulting and Investment Management 2017 LP Interested party | Shares | Down | 6,600,000 | ₪184.00 | Maya › |
| 14/04/2026 | G.Y.N Financial Consulting and Investment Management 2017 LP Interested party | Shares | Down | 6,600,000 | ₪184.00 | Maya › |
Filings submitted on Maya (executives, directors, shareholders above 5%). An increase or decrease in holdings may come from a purchase or sale on the exchange, but also from a grant or exercise of options (price "—": grant with no price). Bonds excluded. For details, see the filing on Maya.
P/E ranking
Harel is 3e Out of 5: a P/E in the middle of the group.
- 1
Phoenix Financial13.0 - 2
Menora Mivtachim12.4 - 3Harel11.3
- 4
Migdal Insurance9.7 - 5
Clal Insurance8.9
P/E = market cap / net income over the last 12 months: how many years of earnings the market pays today. From highest to lowest; group median: 11.3. A high or low P/E alone does not say whether a share is expensive.
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Join the TA-125 groupDetailed figures and history
Financial summary
| S1 2026 | S1 2025 | FY 2025 | |
|---|---|---|---|
| Total assets | 174,166 | 162,048 | 163,631 |
| Investments for unit-linked contracts | 81,709 | 74,349 | 75,982 |
| Other financial investments | 40,312 | 42,759 | 38,515 |
| Assets for unit-linked contracts | 92,966 | 85,994 | 89,128 |
| Equity | 12,655 | 11,135 | 12,192 |
| of which minority interests | 20 | 22 | 24 |
| Investment contract liabilities | 24,814 | 21,783 | 23,025 |
| Insurance contract liabilities | 99,161 | 95,550 | 97,348 |
| Insurance service result | 1,056 | 1,124 | 2,314 |
| Net investment income | 8,037 | 6,175 | 14,362 |
| Net finance income | 1,892 | 1,299 | 3,019 |
| Net insurance and investment result | 2,948 | 2,423 | 5,333 |
| Management fee income | 899 | 758 | 1,662 |
| Other operating expenses | 987 | 899 | 1,833 |
| Pre-tax income | 2,471 | 1,994 | 4,484 |
| Net income | 1,621 | 1,331 | 2,994 |
| Net income (attributable to shareholders) | 1,618 | 1,329 | 2,990 |
| Dividends paid | 0 | 0 | −400 |
| Operating cash flow | −562 | 2,227 | 5,427 |
In millions of shekels. The "H1" columns cover the first six months of the year.
Calculated from these figures
| S1 2026 | S1 2025 | FY 2025 | |
|---|---|---|---|
| Return on equity (annualized) | 25.6% | 23.9% | 24.6% |
| Equity / total assets | 7.3% | 6.9% | 7.5% |
The 5-year history, charts and cross-check models are coming for companies listed only in Tel Aviv: each new filing on Maya is kept and enriches the page.
Company overview
Harel Insurance Investments & Financial Services Ltd offers insurance and financial services in Israel, Europe, and internationally. The company operates through seven segments: Life Insurance and Savings, Health Insurance, General Insurance, Pension Insurance (Pension and Provident Fund), Overseas Insurance Companies, Credit, and Financial Services. It offers various classes of life insurance products, which provide coverage for risks, such as death, disability, work disability, and critical illness; and long-term saving products, as well as manages pension and provident funds. The company also provides health insurance that provides coverage for illness, hospitalization, and personal accidents; travel insurance, insurance for foreign workers, and insurance for tourists; and dental insurance for treatments such as conservative treatment, periodontal treatment, orthodontic treatment, and oral rehabilitation treatment including implants. In addition, it offers motor vehicle insurance; professional liability insurance for investment consultants, portfolio managers, attorneys, engineers, architects, accountants, and damages caused by third parties; insurance for clinical trials; liability insurance for directors and officers; cyber insurance; third-party liability insurance; employers' liability insurance; and credit insurance for mortgages.
Source: official company profile (Yahoo Finance), summary. Website: www.harel-group.co.il
- Maya, Tel Aviv Stock Exchange: company page and reports