Major insurance companies reported excellent business results for the second quarter of 2026, and smaller players like Libra, WeSure, and Hachshara Insurance delivered equally impressive performances.
Growth in assets under management alongside a significant improvement in underwriting boosted Hachshara Insurance's pre-tax profit in the first half of 2026 by 38% to NIS 91.2 million. Shareholders' equity has surged by 40% since the end of 2024 to NIS 599 million, with profit representing a 24% return on equity (ROE). Meanwhile, revenue from insurance services and management fees reached NIS 1 billion for the half-year.
Managed assets totaled NIS 40 billion, including NIS 29 billion in the company's flagship savings policy, BEST INVEST. Management fee revenues from this policy jumped from NIS 91 million to NIS 120 million, while gross premiums reached NIS 844 million. Profit in general insurance expanded from NIS 50 million to NIS 59 million, driven in part by underwriting improvements in compulsory auto insurance and Casco (property). Concurrently, life insurance profit surged from NIS 16 million to NIS 43 million.
The company is managed by CEO Shimon Meron and controlled by Eli Elezra. According to CEO Meron: "The profit increase in the first half reflects growth in profitability across all company activities, demonstrating our momentum in execution and development. We are demonstrating a significant rise in underwriting profits, growth in new profit centers within foreign workers and insurance agencies, expanded activity volumes, and enhanced service processes integrated with advanced digital capabilities."