Economy · Full coverage
Harel Insurance Reports 30% Quarterly Profit Surge, Declares 400 Million Shekel Dividend
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Unrated 2
First reported by Globes · 56 minutes ago
What happened
Harel Insurance posted a 30% profit increase in Q2 2024, reaching 1.02 billion shekels, driven by strong core profits and investment income. The company declared a 400 million shekel dividend and shifted to quarterly dividend payments. Asset management grew to 638 billion shekels, with the Hamburger family maintaining control.
- 01Harel Insurance's Q2 profit rose 30% to 1.02 billion shekels year-over-year.
- 02Core pre-tax profits increased 17% to 991 million shekels, driven by insurance and investment gains.
- 03General insurance revenues fell 7%, mainly due to lower car insurance prices.
- 04Health insurance profits surged 58%, with revenues stable at 1.45 billion shekels.
- 05Assets under management grew 10% this year to 638 billion shekels, targeting 780 billion by 2028.
- 06Harel declared a 400 million shekel dividend and switched to quarterly dividend payments.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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