Phoenix Financial Reports Strong Growth and Dividend Boost

The company’s asset management arm served as the primary engine for this momentum, with core income jumping 36% compared to the first half of 2025. Total assets under management reached NIS 658 billion by the end of June. This shift toward capital-efficient segments has allowed the firm to maintain a return on equity of 26.1%. CEO Eyal Ben Simon attributed the results to the successful integration of recent acquisitions and the accelerating adoption of AI-driven tools across the company's digital platforms, which now serve one million users.

Shareholders are set to benefit from this performance through a total payout of NIS 972 million, covering both dividends and share buybacks. The board has declared a NIS 400 million dividend for the second quarter and increased the annual share buyback program to NIS 400 million. While insurance operations remained steady in line with prior expectations, the firm is expanding its international footprint by establishing a new reinsurance platform. Financial stability remains a priority, underscored by a Solvency II ratio of 177% and recent positive outlook revisions from both Moody’s and S&P.