Phoenix Holdings Ltd. Publishes Financial Results for Q2 2023, With Continued Improvement in Income From Core Activities
Phoenix Holdings Ltd., a leading Israel-based financial, insurance, and investment group (TASE:PHOE) (“Phoenix,” the “Group,” or the “Company”), today reported its results for the second quarter of 2023.
- Phoenix Holdings Ltd., a leading Israel-based financial, insurance, and investment group (TASE:PHOE) (“Phoenix,” the “Group,” or the “Company”), today reported its results for the second quarter of 2023.
- Total comprehensive income in the second quarter of the year amounted to NIS 217 million, compared to NIS 184 million last year, reflecting 9% return on equity.
- Core income from activities in the second quarter of 2023 amounted to NIS 357 million, which reflects a 15% core (normalized) return on equity.
- Phoenix reports an improvement in the loss ratio in the CASCO subsegment, despite the higher incidence of vehicle theft.