Harel Insurance Investments & Financial Services : Summary of Financial Statements Q1 2022

HAREL

WINNING

BY NUMBERS

Q1.22 | May 30 2022

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This document has been prepared by Harel Insurance Investments and Financial Services Ltd. (hereinafter: the Company) solely for the purpose of presenting the Company's business.

The information contained in this document has not been independently verified. No representation or warranty has been expressed or implied and there should be no reliance on the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither the Company nor any of its employees or representatives shall bear any liability whatsoever (whether due to negligence or otherwise) for any loss howsoever resulting from using this document or its content or otherwise arising in connection with this document.

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Statements concerning the Company's future business, financial position and results of operations are subject to risks and uncertainties, which may cause actual results to differ materially from those forecasted. Such forward-looking information includes, but is not limited to, product demand, pricing, changing economic conditions, product and technology development risks, the effect of the Company's accounting policies as well as certain other risk factors which are specified from time to time in the Company's reports to the Securities Authority.

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HAREL INVESTMENTS | HOLDING STRUCTURE

				HAREL INSURANCE
				INVESTMENTS &
				FINANCIAL SERVICED LTD.
INSURANCE AGENCIES	INSURANCE BUSINESS		ASSETS UNDER	FINANCIAL SERVICES
						MANAGEMENT (AUM)
Yedidim Pension Arrangements		HAREL	Harel Pension and Provident Ltd.	Harel Finance Holdings Ltd.
Insurance Agency Ltd.
		INSURANCE COMPANY LTD.
		EMI - Ezer	50%	ICIC - Israel
Veritas Insurance Agencies Ltd.		Mortgage		Tzva Hakeva (Regular Army) Saving Fund -
	Credit Insurance
	Insurance
			Company Ltd	Provident Funds Management Company Ltd.
		Company Ltd.
25%		OVERSEAS BUSINESS	79%	Leatid - Pension Fund
Madanes Insurance Agency Ltd.
					Management Company Ltd.
	94% Interasco Societe	Turk Nippon Sigorta
	Anonyme General
	Insurance Company
OTHER				NON-BANK CREDIT
Israel	70%	Hamazpen Shutaphim Laderech
Infrastructure			Harel 60+ Ltd.
		Ltd.
Fund

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Aa2 RATING	Over	PLATINUM PLUS
HAREL INVESTMENTS	4 MILLION	Rating by MAALA CSR
AA+ RATING	customers	7 years in a row
HAREL INSURANCE

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THE BIG PICTURE

Data at March 31, 2022 | NIS billions

About	About	About
7.8	9.8	175%
MARKET CAP	TOTAL EARNED	SOLVENCY
At May 29, 2022	PREMIUMS	RATIO
	gross benefit contributions	At December 31, 2021
	and amounts received for
	investment contracts
About	About	About
362	8.9
15%
ASSETS UNDER	EQUITY	RETURN ON
MANAGEMENT	ATTRIBUTED TO	EQUITY
	SHAREHOLDERS

HAREL IS NUMBER 1!

In gross earned premiums, benefit contributions and amounts received for investment contracts

(NIS billions)

Q1.22	2.0	1.4 1.1	2.7	1.2	1.4	9.8
Q1.21	1.5	1.3 0.9	2.2 0.80.7 7.4
2021		5.9			5.4	4.0	10.0	3.8		3.9	33
2020		6.1			5.0	3.9	9.2	3.2	2.5	29.9
2019		6.3				4.9	3.9	8.9	3.5	3.3	30.8

Life insurance	Health insurance	Non-life insurance*
Pension fund contributions	Provident fund contributions	Amounts received for investment contracts

*Including results of overseas insurance segment

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