Libra Insurance Company (LBRA) Q2 2025 earnings summary

Executive summary

• H1 2025 gross premiums reached ₪458m; insurance-service revenue was ₪416.3m, profit before tax ₪77.9m and net income ₪51.0m.

• More than 620,000 policies span motor, home, travel, business, pet, mortgage and life insurance.

• Operations had 230 employees, a reported 2,700 policies per employee and a 100% personal-lines portfolio without collective or fleet policies.

Financial highlights

• H1 insurance-service revenue rose to ₪416.3m from ₪338.5m; profit before tax was ₪77.9m versus ₪40.1m, and net income was ₪51.0m versus ₪26.2m.

• Q2 insurance-service revenue was ₪212.4m versus ₪177.4m; pretax profit was ₪35.1m versus ₪20.9m, and net income was ₪23.0m versus ₪13.8m.

• H1 gross premiums increased to ₪458m from ₪405m; Q2 premiums were ₪208m versus ₪181m.

• Total assets reached ₪1,099.4m at June 30, 2025, up from ₪868.7m a year earlier; equity was ₪148.1m, up from ₪108.6m at year-end 2024.

Outlook and guidance

• 2025 priorities include accelerating growth and market share, developing innovative products, executing an AI-based work plan, and maintaining the loss ratio while improving profitability through personalization.

• Growth plans include expanding life insurance and higher-margin non-motor lines; life premiums are expected to build as the portfolio matures.

• Plans include seeking authorization to enter pure savings and offer personal savings plans across investment tracks; no pension insurance products are planned at this stage.

• The outlook for economic and security conditions remains uncertain, with the duration and business impacts of regional conflict not yet reliably estimable.