Libra Insurance Company (LBRA) Q3 2025 earnings summary

Executive summary

• 9M 2025 insurance service revenue reached NIS 641.7m, up from NIS 529.2m YoY; net income rose to NIS 51.0m from NIS 39.2m.

• Q3 net income was NIS 24.0m versus NIS 13.0m YoY, supported by improved underwriting and investment results.

• Growth reflected higher general insurance activity and a more than doubling of life premiums, including distribution through the Leumit Bank mortgage partnership.

Financial highlights

• 9M gross premiums totaled NIS 699.7m versus NIS 606.4m; insurance service revenue was NIS 641.7m versus NIS 529.2m.

• 9M insurance service profit was NIS 89.9m versus NIS 56.1m; net investment and finance profit was NIS 20.4m versus NIS 12.8m.

• 9M profit before tax was NIS 77.9m versus NIS 59.5m; net income was NIS 51.0m versus NIS 39.2m; EPS was NIS 1.13 versus NIS 0.87.

• Total assets at September 30, 2025 were NIS 1,161.2m, up from NIS 933.3m at September 30, 2024; equity was NIS 162.1m.

• Q3 insurance service revenue was NIS 225.4m versus NIS 190.8m; net income was NIS 24.0m versus NIS 13.0m.

Outlook and guidance

• Life premiums are expected to grow as the long-duration portfolio matures; annualized life premiums were NIS 15.4m at September 30, 2025.

• The Leumit Bank mortgage partnership is a growth channel for life-risk and mortgage-structure policies; the partnership began operating during the reporting period.

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

• Chik recorded more than 230,000 monthly uses as of publication, with usage growth continuing.