We are proud to summarize a record quarter at IDI Insurance, with record income of ~NIS 117 million, reflecting growth of ~16% versus the corresponding quarter last year, alongside continued growth in our customer base. The first half of 2026 also closed with strong results, with comprehensive income of ~NIS 206 million — growth of ~8% versus the corresponding period last year.
IDI Insurance has consistently delivered growth and improved profitability over time, thanks to a focused strategy, attractive value propositions for customers, quality service, and the combination of professional human capital, data and advanced technological capabilities.
In the first half we continued to lead the motor property line and to grow the number of policies. Alongside that, we recorded premium growth across all our other lines — life, health including travel, and home insurance — driven by growth in the customer base.
In parallel with continuing to strengthen our core activity, we are broadening our solution set for customers with new financial products, including a credit card with insurance-specific value propositions and a savings policy with the lowest management fees in the industry, and we continue to embed AI technologies that will support growth, operational efficiency and an improved customer experience.
Kobi HaberCEO of IDI InsuranceHighlights of Q2 2026 (IFRS 17 terms)
- Gross premiums in Q2: Totaled ~NIS 906.1 million, vs. ~NIS 924.5 million in the corresponding quarter last year. The decline in gross premiums was mainly affected by a decline in motor property prices on one hand, and on the other by an increase in activity across all of the company’s lines — reflected primarily in growth in the customer base and in the number of coverages per customer.
- Gross premiums — general insurance in Q2: Totaled ~NIS 730.4 million, vs. ~NIS 757 million in the corresponding quarter last year. Excluding the effect of the Accountant General (Hashcal) tender, gross premiums in general insurance declined by ~3% versus the corresponding quarter last year. The decline is mainly attributable to a decline in motor property prices on one hand, and on the other to an increase in activity across all general insurance lines.
- Gross premiums — life insurance in Q2: Totaled ~NIS 96.4 million vs. ~NIS 92.8 million in the corresponding quarter last year — growth of ~4%.
- Gross premiums — health insurance in Q2: Totaled ~NIS 79.4 million vs. ~NIS 74.8 million in the corresponding quarter last year — growth of ~6%. The growth is, on one hand, the result of ~14% growth in critical illness and medical expenses products, and on the other, negative growth in the personal accident product, following a business decision to sell the new personal accident product at a negligible volume in the wake of the Insurance Authority’s 2021 reform of this product, which adversely affected its economic viability.
- Net investment income, including other comprehensive income (before tax), in Q2: Totaled ~NIS 77.6 million vs. ~NIS 76.8 million in the corresponding quarter last year. Of this, investment income not attributed to profit-participating policies in Q2 totaled ~NIS 64.5 million vs. ~NIS 60.8 million in the corresponding quarter last year.
- Net finance expenses from insurance contracts in Q2: Totaled ~NIS 24.4 million vs. ~NIS 12.3 million in the corresponding quarter last year. The increase stems from the effect of the change in the interest-rate curve on insurance assets and liabilities.
- Profit from insurance services net of operating expenses from the operating segments (excluding investment-contract expenses) in Q2: Totaled ~NIS 156 million vs. ~NIS 117.6 million in the corresponding quarter last year — growth of ~33%.
- Comprehensive income before tax — general insurance in Q2: Totaled ~NIS 100.0 million vs. ~NIS 78.2 million in the corresponding quarter last year — growth of ~28%. The growth stems from an increase in profit from insurance services across all lines, and came despite an increase in finance expenses from insurance contracts and a decline in investment income attributed to this segment.
- Comprehensive income before tax — life insurance in Q2: Totaled ~NIS 27.4 million, similar to the corresponding quarter last year.
- Comprehensive income before tax — health insurance in Q2: Totaled ~NIS 51.8 million vs. ~NIS 48.1 million in the corresponding quarter last year — growth of ~7%. The increase stems from an improvement in profit from insurance services as a result of growth in activity and an improvement in the claims ratio.
- Comprehensive income in Q2: Totaled ~NIS 117.2 million vs. ~NIS 101.2 million in the corresponding quarter last year.
Dividend
On August 19, 2026, the company’s board of directors approved a dividend distribution of ~NIS 80 million (~NIS 5.4 per share), which joins the dividend of ~NIS 65 million distributed in May 2026; together they reflect ~70% of H1 2026 profits, in line with the company’s capital management plan.
Solvency
Per the Insurance Authority’s requirements, the company recorded a high solvency ratio of ~134% as of December 31, 2025, after deducting dividends declared in the first half of 2026.
Return on equity
In Q2, the company recorded a return on equity of ~36% on an annualized basis.
About the company
IDI Insurance Ltd. (“IDI” / “Direct Insurance”), pioneer of direct insurance in Israel, has been operating for over 30 years and is the largest and leading company in its field. The company is held ~40.6% by Direct Insurance — Financial Investments and the controlling shareholders, with the majority held by the public. The company operates on a differential pricing model that scores each consumer based on their individual data. This advantage — combined with advanced technology infrastructure and operational efficiency — allows the company to offer competitive prices and high service quality. The company offers a wide range of insurance services including auto, home, health, travel, mortgage insurance, savings policies, small business and life insurance.
