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

Latest as of December 2025: ILA12.19 Billion ILA ≈ $32.69 Million USD

Based on the latest financial reports, Harel Insurance Investments & Financial Services Ltd (HARL) has net assets worth ILA12.19 Billion ILA (≈ $32.69 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA163.63 Billion ≈ $438.69 Million USD) and total liabilities (ILA151.44 Billion ≈ $406.00 Million USD). 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. Check Harel Insurance Investments & Financial (HARL) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	ILA12.19 Billion
% of Total Assets	7.45%
Annual Growth Rate	11.57%
5-Year Change	37.1%
10-Year Change	135.94%
Growth Volatility	13.6

Harel Insurance Investments & Financial Services Ltd - Net Assets Trend (2000–2025)

This chart illustrates how Harel Insurance Investments & Financial Services Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Harel Insurance Investments & Financial balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Harel Insurance Investments & Financial Services Ltd (2000–2025)

The table below shows the annual net assets of Harel Insurance Investments & Financial Services Ltd from 2000 to 2025. For live valuation and market cap data, see how much is Harel Insurance Investments & Financial worth.

Year	Net Assets	Change
2025-12-31	ILA12.19 Billion ≈ $32.69 Million	+32.46%
2024-12-31	ILA9.20 Billion ≈ $24.68 Million	+2.80%
2023-12-31	ILA8.95 Billion ≈ $24.00 Million	+6.75%
2022-12-31	ILA8.39 Billion ≈ $22.49 Million	-5.69%
2021-12-31	ILA8.89 Billion ≈ $23.84 Million	+14.69%
2020-12-31	ILA7.75 Billion ≈ $20.79 Million	+12.05%
2019-12-31	ILA6.92 Billion ≈ $18.55 Million	+16.89%
2018-12-31	ILA5.92 Billion ≈ $15.87 Million	+36.97%
2017-12-31	ILA4.32 Billion ≈ $11.59 Million	-16.36%
2016-12-31	ILA5.17 Billion ≈ $13.85 Million	+5.19%
2015-12-31	ILA4.91 Billion ≈ $13.17 Million	+4.00%
2014-12-31	ILA4.72 Billion ≈ $12.66 Million	+4.69%
2013-12-31	ILA4.51 Billion ≈ $12.10 Million	+8.66%
2012-12-31	ILA4.15 Billion ≈ $11.13 Million	+17.65%
2011-12-31	ILA3.53 Billion ≈ $9.46 Million	-1.42%
2010-12-31	ILA3.58 Billion ≈ $9.60 Million	+11.26%
2009-12-31	ILA3.22 Billion ≈ $8.63 Million	+29.85%
2008-12-31	ILA2.48 Billion ≈ $6.64 Million	-17.52%
2007-12-31	ILA3.00 Billion ≈ $8.06 Million	+20.23%
2006-12-31	ILA2.50 Billion ≈ $6.70 Million	+14.00%
2005-12-31	ILA2.19 Billion ≈ $5.88 Million	+21.96%
2004-12-31	ILA1.80 Billion ≈ $4.82 Million	+23.68%
2003-12-31	ILA1.45 Billion ≈ $3.90 Million	+28.99%
2002-12-31	ILA1.13 Billion ≈ $3.02 Million	+15.14%
2001-12-31	ILA978.45 Million ≈ $2.62 Million	+23.86%
2000-12-31	ILA790.00 Million ≈ $2.12 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 1226100000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	ILA12.26 Billion	100.76%
Common Stock	ILA426.00 Million	3.50%
Other Comprehensive Income	ILA162.00 Million	1.33%
Total Equity	ILA12.17 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
Shenzhen Kinwong Electronic Co Ltd SHG:603228	$10.11 Billion
JD LOGISTICS DL-000025 F:822	$10.12 Billion
TTM Technologies Inc NASDAQ:TTMI	$10.12 Billion
The AES Corporation NYSE:AES	$10.13 Billion
REC Limited NSE:RECLTD	$10.09 Billion
Posco International Corp KO:047050	$10.08 Billion
Barito Pacific Tbk JK:BRPT	$10.08 Billion
Skyverse Technology Co. Ltd. A SHG:688361	$10.07 Billion

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 2024 to 2025, total equity changed from 9,117,000,000 to 12,168,000,000, a change of 3,051,000,000 (33.5%).
Net income of 2,990,000,000 contributed positively to equity growth.
Dividend payments of 650,000,000 reduced retained earnings.
Share repurchases of 251,000,000 reduced equity.
Other comprehensive income decreased equity by 537,000,000.
Other factors increased equity by 1,499,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	ILA2.99 Billion	+24.57%
Dividends Paid	ILA650.00 Million	-5.34%
Share Repurchases	ILA251.00 Million	-2.06%
Other Comprehensive Income	ILA-537.00 Million	-4.41%
Other Changes	ILA1.50 Billion	+12.32%
Total Change	ILA-	33.46%

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: 321.61x
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 2211.66x to 321.61x 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	ILA18300.00	x
2005-12-31	ILA10.07	ILA18300.00	x
2006-12-31	ILA11.47	ILA18300.00	x
2007-12-31	ILA13.83	ILA18300.00	x
2008-12-31	ILA11.46	ILA18300.00	x
2009-12-31	ILA15.12	ILA18300.00	x
2010-12-31	ILA16.96	ILA18300.00	x
2011-12-31	ILA16.32	ILA18300.00	x
2012-12-31	ILA19.64	ILA18300.00	x
2013-12-31	ILA21.22	ILA18300.00	x
2014-12-31	ILA22.25	ILA18300.00	x
2015-12-31	ILA23.20	ILA18300.00	x
2016-12-31	ILA24.28	ILA18300.00	x
2017-12-31	ILA26.06	ILA18300.00	x
2018-12-31	ILA27.76	ILA18300.00	x
2019-12-31	ILA32.20	ILA18300.00	x
2020-12-31	ILA36.08	ILA18300.00	x
2021-12-31	ILA41.38	ILA18300.00	x
2022-12-31	ILA39.30	ILA18300.00	x
2023-12-31	ILA42.32	ILA18300.00	x
2024-12-31	ILA43.77	ILA18300.00	x
2025-12-31	ILA56.90	ILA18300.00	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): 24.57%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.76%
• Asset Turnover: 0.19x
• Equity Multiplier: 13.45x
Recent ROE (24.57%) is above the historical average (13.03%), indicating improving 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
2025	24.57%	9.76%	0.19x	13.45x	ILA1.77 Billion

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: $3,037,694,667
Average return on equity (ROE) among peers: 17.47%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Harel Insurance Investments & Financial Services Ltd (HARL)	ILA12.19 Billion	18.64%	12.42x	$10.09 Billion
Ayalon Holdings Ltd (AYAL)	$587.43 Million	10.61%	13.43x	$1.12 Billion
IDI Insurance Company Ltd (IDIN)	$443.82 Million	27.32%	6.44x	$902.61 Million
The Phoenix Holdings Ltd. (PHOE)	$8.08 Billion	14.46%	13.74x	$12.08 Billion

About Harel Insurance Investments & Financial Services Ltd

TA:HARL Israel Insurance - Diversified

Market Cap

$10.09 Billion

ILA3.76 Trillion ILA

Market Cap Rank

#2219 Global

#8 in Israel

Share Price

ILA18300.00

Change (1 day)

-0.11%

52-Week Range

ILA5945.00 - ILA19360.00

All Time High

ILA19360.00