Clal Insurance Enterprises (CLIS) Q2 2026 earnings summary

Executive summary

• H1 2026 net income was NIS 1,059M versus NIS 951M; comprehensive income attributable to shareholders was NIS 1,050M versus NIS 941M.

• H1 pre-tax core income rose 18% to NIS 1,318M; Q2 reached NIS 732M, up 21% YoY.

• Q2 comprehensive income was NIS 614M versus NIS 531M; net income was NIS 620M versus NIS 543M.

• AUM reached NIS 456B at June 30, 2026, versus NIS 420B at year-end 2025; shareholders’ equity was NIS 11.5B.

Financial highlights

• H1 insurance-service revenue was NIS 4,475M versus NIS 4,367M; profit before tax was NIS 1,587M versus NIS 1,433M.

• H1 net investment and finance income was NIS 839M versus NIS 886M; excess financial spread declined to NIS 263M from NIS 444M.

• Max H1 credit-card transaction revenue was NIS 851M versus NIS 832M; total revenue was NIS 1,212M versus NIS 1,191M.

• Basic EPS was NIS 13.08 for H1 versus NIS 11.90; Q2 basic EPS was NIS 7.63 versus NIS 6.77.

Outlook and guidance

• Strategic priorities include accelerating organic growth and capturing business-mix synergies; updated targets are expected by year-end after the strategic plan is formulated.

• Management expected no material impact from the security situation as of the report date, while medium- and long-term effects remained difficult to assess; GDP forecasts were 4% for 2026 and 5.5% for 2027.

• Solvency targets include 150% for 2026–2032 and 170% by 2032; the estimated ratio was 180% as of March 31, 2026, during the transition period.