Below are the financial statements of Phoenix Financial, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of ILS | 2024 | 2023 | 2022 |
|---|---|---|---|
| Premiums earned, gross | 10.87a | 11.99a | 12.14a |
| Premiums earned by reinsurers | -1.66a | -1.63a | -1.57a |
| Premiums earned - retention | 9.21a | 10.36a | 10.57a |
| Investment income (losses), net and finance income | 16.57a | 9.91a | -5.55a |
| Revenues from management fees | 2.13a | 1.72a | 1.55a |
| Revenues from fees and commissions | 1.01a | 0.89a | 0.84a |
| Revenues from other financial services | 0.39a | 0.33a | 0.22a |
| Revenues from factoring and clearing | 0.19a | 0.18a | 0.14a |
| Other revenues | 0.03a | 0.16a | 0.14a |
| Total revenues | 29.52a | 23.54a | 7.91a |
| Payments and change in liabilities in respect of insurance contracts and investment contracts, gross | -22.43a | -19.3a | -2.99a |
| Reinsurers’ share in payments and in changes in liabilities in respect of insurance contracts | -0.91a | -1.67a | -1.02a |
| Payments and change in liabilities in respect of insurance contracts and investment contracts - retention | -21.52a | -17.62a | -1.97a |
| Fees and commissions, marketing expenses and other purchase expenses | -2.33a | -2.18a | -1.93a |
| General and administrative expenses | -2.31a | -2.11a | -1.81a |
| Other expenses | -0.14a | -0.14a | -0.09a |
| Finance expenses | -0.55a | -0.39a | -0.32a |
| Total expenses | -26.85a | -22.43a | -6.11a |
| Share in profits of equity-accounted investees | 0.1a | 0.04a | 0.06a |
| Net income before income tax | 2.78a | 1.15a | 1.85a |
| Income tax | -0.85a | -0.26a | -0.5a |
| Net income for the year | 1.93a | 0.88a | 1.35a |
| Attributable to | — | — | — |
| Company’s shareholders | 1.82a | 0.78a | 1.26a |
| Non-controlling interests | 0.11a | 0.11a | 0.09a |
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