Harel Insurance Investments and Financial Services Ltd - Company Profile
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Harel Insurance Investments and Financial Services Ltd. (Harel Insurance) is an insurance and finance company. The company offers insurance products such as life assurance, vehicle insurance, property insurance, liability insurance, mortgage insurance, credit insurance and health insurance and financial products such as pension funds and provident funds. It also offers financial services including investment management, mutual-fund management, institutional brokerage services, investment services and real estate services. The company has partnership agreements with multinational companies. Harel Insurance is headquartered in Ramat-Gan, Tel-Aviv, Israel.
Headquarters
Israel
Address
Ab'A Hilel 3, Ramat Gan, Tel Aviv, 5211802
Website
www.harel-group.co.il
Telephone
972 3 7547090
No of Employees
5,158
Industry
Financial Services
Ticker Symbol & Exchange
HARL (TLV)
Revenue (2022)
$6.4B
101.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-46.5%
(2022 vs 2021)
Market Cap*
$1.9B
Net Profit Margin (2022)
XYZ
-73.5%
(2022 vs 2021)
* As of and is in US$
Harel Insurance Investments and Financial Services Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Health Insurance | Investments Management Services | Upgrade |
| Vehicle Insurance | Mutual Fund Management Services | Switch |
| Property Insurance | Institutional Brokerage Services | Shirbit |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Others | In January, the company announced the termination of the acquisition of Isracard. |
| 2023 | Contracts/Agreements | In August, the company signed an agreement to acquire a 10% stake in Tidhar Group. |
| 2023 | Contracts/Agreements | In February, the company signed a binding merger agreement to acquire Isracard. |
Competitor Comparison
| Key Parameters | Harel Insurance Investments and Financial Services Ltd | Migdal Insurance & Financial Holdings Ltd | The Phoenix Holdings Ltd | Clal Insurance Enterprises Holdings Ltd | Menora Mivtachim Holdings Ltd |
|---|---|---|---|---|---|
| Headquarters | Israel | Israel | Israel | Israel | Israel |
| City | Ramat Gan | Petah Tikva | Givatayim | Tel Aviv-Yafo | Ramat Gan |
| State/Province | Tel Aviv | - | - | - | - |
| No. of Employees | 5,158 | 4,583 | 4,938 | 3,684 | 3,611 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Yair Hamburger | Chairman | Executive Board | 1982 | 77 |
| Ben Hamburger | Deputy Chairman | Executive Board | 2017 | 48 |
| Michel Siboni | Chief Executive Officer | Senior Management | 2009 | 64 |
| Arik Peretz | Chief Financial Officer | Senior Management | 2017 | 49 |
| Gideon Hamburger | President- Harel Insurance and Finance Group; Director | Non Executive Board | 1982 | 79 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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