Harel Insurance Investments & Financial Services Ltd

TA:HARL Israel Insurance - Diversified
Market Cap
$9.64 Billion
ILA3.59 Trillion ILA
Market Cap Rank
#19725 Global
#17 in Israel
Share Price
ILA17450.00
Change (1 day)
-4.64%
52-Week Range
ILA5583.00 - ILA18950.00
All Time High
ILA18950.00
Categories
Companies in Israel Insurance - Diversified
About

Harel Insurance Investments & Financial Services Ltd offers insurance and financial services in Israel, Europe, and internationally. The company operates through Life insurance and long-term savings, Health insurance, Non-life insurance, Insurance companies overseas, Financial services, Credit, and Other segments. It offers various classes of life insurance products, which provide coverage for ri… Read more

Harel Insurance Investments & Financial Services Ltd (HARL) - Net Assets

Latest net assets as of September 2025: ILA11.55 Billion ILA

Based on the latest financial reports, Harel Insurance Investments & Financial Services Ltd (HARL) has net assets worth ILA11.55 Billion ILA as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA167.75 Billion) and total liabilities (ILA156.21 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets ILA11.55 Billion
% of Total Assets 6.88%
Annual Growth Rate 10.77%
5-Year Change 18.7%
10-Year Change 87.36%
Growth Volatility 13.24

Harel Insurance Investments & Financial Services Ltd - Net Assets Trend (2000–2024)

This chart illustrates how Harel Insurance Investments & Financial Services Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Harel Insurance Investments & Financial Services Ltd (2000–2024)

The table below shows the annual net assets of Harel Insurance Investments & Financial Services Ltd from 2000 to 2024.

Year Net Assets Change
2024-12-31 ILA9.20 Billion +2.80%
2023-12-31 ILA8.95 Billion +6.75%
2022-12-31 ILA8.39 Billion -5.69%
2021-12-31 ILA8.89 Billion +14.69%
2020-12-31 ILA7.75 Billion +12.05%
2019-12-31 ILA6.92 Billion +16.89%
2018-12-31 ILA5.92 Billion +36.97%
2017-12-31 ILA4.32 Billion -16.36%
2016-12-31 ILA5.17 Billion +5.19%
2015-12-31 ILA4.91 Billion +4.00%
2014-12-31 ILA4.72 Billion +4.69%
2013-12-31 ILA4.51 Billion +8.66%
2012-12-31 ILA4.15 Billion +17.65%
2011-12-31 ILA3.53 Billion -1.42%
2010-12-31 ILA3.58 Billion +11.26%
2009-12-31 ILA3.22 Billion +29.85%
2008-12-31 ILA2.48 Billion -17.52%
2007-12-31 ILA3.00 Billion +20.23%
2006-12-31 ILA2.50 Billion +14.00%
2005-12-31 ILA2.19 Billion +21.96%
2004-12-31 ILA1.80 Billion +23.68%
2003-12-31 ILA1.45 Billion +28.99%
2002-12-31 ILA1.13 Billion +15.14%
2001-12-31 ILA978.45 Million +23.86%
2000-12-31 ILA790.00 Million --

Equity Component Analysis

This analysis shows how different components contribute to Harel Insurance Investments & Financial Services Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 845600000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ILA8.46 Billion 92.75%
Common Stock ILA392.00 Million 4.30%
Other Comprehensive Income ILA699.00 Million 7.67%
Total Equity ILA9.12 Billion 100.00%

Harel Insurance Investments & Financial Services Ltd Competitors by Market Cap

The table below lists competitors of Harel Insurance Investments & Financial Services Ltd ranked by their market capitalization.

Company Market Cap
Lubelski Wegiel Bogdanka S.A.
WAR:LWB
 		$69.56 Million
Li Peng Enterprise Co Ltd
TW:1447
 		$69.58 Million
Interpark Co. Ltd
KQ:035080
 		$69.61 Million
FOUNTAINE PAJOT SA EO1.15
F:65T
 		$69.63 Million
eGalax_eMPIA Technology
TWO:3556
 		$69.52 Million
Haad Thip Public Company Limited
PINK:HAATF
 		$69.49 Million
Ultralife Corporation
NASDAQ:ULBI
 		$69.47 Million
Blink Charging Co
NASDAQ:BLNK
 		$69.47 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Harel Insurance Investments & Financial Services Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 8,893,000,000 to 9,117,000,000, a change of 224,000,000 (2.5%).
  • Net income of 946,000,000 contributed positively to equity growth.
  • Dividend payments of 550,000,000 reduced retained earnings.
  • Share repurchases of 126,000,000 reduced equity.
  • Other comprehensive income increased equity by 699,000,000.
  • Other factors decreased equity by 745,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ILA946.00 Million +10.38%
Dividends Paid ILA550.00 Million -6.03%
Share Repurchases ILA126.00 Million -1.38%
Other Comprehensive Income ILA699.00 Million +7.67%
Other Changes ILA-745.00 Million -8.17%
Total Change ILA- 2.52%

Book Value vs Market Value Analysis

This analysis compares Harel Insurance Investments & Financial Services Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 398.66x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 2108.94x to 398.66x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-12-31 ILA8.27 ILA17450.00 x
2005-12-31 ILA10.07 ILA17450.00 x
2006-12-31 ILA11.47 ILA17450.00 x
2007-12-31 ILA13.83 ILA17450.00 x
2008-12-31 ILA11.46 ILA17450.00 x
2009-12-31 ILA15.12 ILA17450.00 x
2010-12-31 ILA16.96 ILA17450.00 x
2011-12-31 ILA16.32 ILA17450.00 x
2012-12-31 ILA19.64 ILA17450.00 x
2013-12-31 ILA21.22 ILA17450.00 x
2014-12-31 ILA22.25 ILA17450.00 x
2015-12-31 ILA23.20 ILA17450.00 x
2016-12-31 ILA24.28 ILA17450.00 x
2017-12-31 ILA26.06 ILA17450.00 x
2018-12-31 ILA27.76 ILA17450.00 x
2019-12-31 ILA32.20 ILA17450.00 x
2020-12-31 ILA36.08 ILA17450.00 x
2021-12-31 ILA41.38 ILA17450.00 x
2022-12-31 ILA39.30 ILA17450.00 x
2023-12-31 ILA42.32 ILA17450.00 x
2024-12-31 ILA43.77 ILA17450.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Harel Insurance Investments & Financial Services Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 10.38%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.48%
  • • Asset Turnover: 0.17x
  • • Equity Multiplier: 17.40x
  • Recent ROE (10.38%) is below the historical average (12.57%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 18.64% 3.64% 0.27x 19.20x ILA66.59 Million
2001 23.51% 4.92% 0.27x 17.59x ILA129.31 Million
2002 12.27% 3.35% 0.21x 17.18x ILA25.04 Million
2003 28.23% 6.29% 0.30x 15.06x ILA259.02 Million
2004 23.14% 50.92% 0.03x 13.51x ILA230.49 Million
2005 22.60% 54.68% 0.03x 12.59x ILA269.00 Million
2006 17.45% 52.85% 0.03x 12.42x ILA181.22 Million
2007 15.82% 5.77% 0.24x 11.54x ILA170.81 Million
2008 -11.66% -5.69% 0.14x 14.18x ILA-519.02 Million
2009 14.78% 3.83% 0.28x 14.01x ILA148.34 Million
2010 14.81% 4.95% 0.20x 14.62x ILA171.99 Million
2011 5.92% 2.38% 0.16x 15.58x ILA-143.69 Million
2012 10.86% 3.57% 0.20x 15.28x ILA35.51 Million
2013 15.10% 4.69% 0.18x 17.46x ILA229.70 Million
2014 7.93% 2.84% 0.15x 18.92x ILA-97.88 Million
2015 9.28% 3.43% 0.15x 18.64x ILA-35.09 Million
2016 6.34% 2.34% 0.15x 18.63x ILA-189.12 Million
2017 12.31% 3.71% 0.20x 16.35x ILA128.20 Million
2018 10.48% 4.23% 0.15x 16.91x ILA28.60 Million
2019 6.62% 1.97% 0.20x 16.62x ILA-233.20 Million
2020 9.36% 3.87% 0.16x 15.48x ILA-49.50 Million
2021 13.64% 4.40% 0.20x 15.54x ILA322.90 Million
2022 10.87% 7.14% 0.09x 16.23x ILA72.50 Million
2023 5.45% 1.95% 0.17x 16.28x ILA-404.30 Million
2024 10.38% 3.48% 0.17x 17.40x ILA34.30 Million

Industry Comparison

This section compares Harel Insurance Investments & Financial Services Ltd's net assets metrics with peer companies in the Insurance - Diversified industry.

Industry Context

  • Industry: Insurance - Diversified
  • Average net assets among peers: $2,615,889,333
  • Average return on equity (ROE) among peers: 13.33%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Harel Insurance Investments & Financial Services Ltd (HARL) ILA11.55 Billion 18.64% 13.53x $69.53 Million
Ayalon Holdings Ltd (AYAL) $607.42 Million 4.39% 13.70x $8.63 Million
IDI Insurance Company Ltd (IDIN) $814.09 Million 25.47% 6.46x $9.52 Million
The Phoenix Holdings Ltd. (PHOE) $6.43 Billion 10.14% 13.18x $93.09 Million