Continued growth and higher core income in the first 9 months and Q3
Comprehensive income for first nine months totaled NIS 1.3 billion, with return on equity at 16.1%, and accelerated growth of 28% in Asset Management, Credit, and Distribution (Agencies) in the first 9 months, compared to 2023
, /PRNewswire/ — Phoenix Financial Ltd. (formerly Phoenix Holdings), a leading Israel-based financial, insurance, and investment group (TLV:PHOE) (“Phoenix,” the “Group,” or the “Company”), today reported its results for the three and nine months ended September 30, 2024.
Comprehensive income and return on equity
In the third quarter of 2024, Phoenix reports NIS 617 millionin comprehensive income, resulting in NIS 2.46 in earnings per share and a 24.4% in return on equity. Core comprehensive income for the quarter (without non-operating effects such as capital market impact above or below 3% real returns, interest rate effects, and Special Items) totaled NIS 474 million, reflecting an 18.6% core …