Harel Insurance Company Company Profile and Business Overview

Harel Insurance Company is a leading insurance provider in Israel, with a rich history dating back to 1948. It was founded by a group of entrepreneurs who wanted to provide insurance services to the growing Israeli population.

The company's early years were marked by a focus on life insurance, but it quickly expanded to offer a wide range of insurance products, including property and casualty insurance. Today, Harel Insurance Company is one of the largest insurance companies in Israel, with a strong presence in the market.

Harel Insurance Company is known for its innovative approach to insurance, offering a range of digital services and products that make it easy for customers to manage their policies and file claims. This focus on customer convenience has helped the company to build a loyal customer base.

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Harel Insurance and Finance Group offers a wide range of financial services, including asset management, credit, and insurance. They manage a total of NIS 428 billion in assets as of 31.12.2023.

In asset management, the Group is active in pension funds, provident funds, mutual funds, and portfolio management, among others. They also provide financial services in the capital markets via Harel Finance and its subsidiaries.

The Group's comprehensive income to shareholders was NIS 600 million in 2023, with a return on equity (ROE) of 7%.

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Harel Insurance Investments and Financial Services Ltd. Group is the largest insurance and financial group in Israel, operating in insurance, asset management, and credit segments.

The group is active in various areas, including health, non-life, and life insurance, as well as credit insurance and mortgage insurance.

In asset management, Harel is involved in pension funds, provident funds, mutual funds, portfolio management, ETFs, and financial services in the capital markets.

As of 31.12.2023, total assets under management in insurance, pension, and provident funds, mutual funds, and financial services amounted to NIS 428 billion.

The group's equity attributed to shareholders was NIS 8.9 billion as of 31.12.2023, with comprehensive income to shareholders totaling NIS 600 million and a return on equity (ROE) of 7% for 2023.

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Harel Insurance and Finance Group is listed in the Tel Aviv Stock Exchange and is part of the TA-35 index, which includes the top 35 companies.

According to the group's dividend distribution policy, a dividend of at least 30% of its total comprehensive income will be distributed to its shareholders.

Annual revenue is a financial metric that measures a company's total income over a specific period, usually a year. It's often used to evaluate a company's financial performance and growth.

Harel Insurance & Finance, for instance, reported an annual revenue of $39.2 million in 2025.

NAICS and SIC codes are used to classify businesses in the financial services industry. The NAICS code for Harel Insurance & Finance is 524, 5242, and 52.

These codes are used for administrative and statistical purposes, helping to identify and track businesses within the industry. The NAICS code for Harel Insurance & Finance is a specific example of how these codes are used.

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NAICS codes are six-digit codes that provide a detailed classification of industries. The codes for Harel Insurance & Finance are 524, 5242, and 52, which indicate its activities as a direct health and medical insurance carrier.

Understanding NAICS and SIC codes is essential for businesses and researchers to accurately identify and analyze industries, including financial services.

Harel Insurance & Finance is based in Ramat Gan, Tel Aviv.

The Executive Committee of Harel Insurance Investments & Financial Services Ltd is made up of experienced professionals who oversee the company's operations.

Michel Siboni has been the CEO since 2009. He's been at the helm for over 13 years, bringing a wealth of knowledge to the role.

Arie Yaakov Peretz serves as the Director of Finance/CFO, a position he's held since 2017. He's been instrumental in shaping the company's financial strategy.

Sami Babecov has been the Chief Investment Officer since 2006, making him one of the longest-serving members of the Executive Committee.

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Dov Gilad Shapiro joined the team in 2022 as the General Counsel. He brings a wealth of experience to the role.

Osnat Manor Zisman has been the Comptroller/Controller/Auditor since 2014, overseeing the company's financial and operational systems.

Here is the list of the Executive Committee members:

Harel Insurance & Finance is based in Ramat Gan, Tel Aviv. Their location in Ramat Gan allows them to serve the surrounding area effectively.