Income Statement Ayalon Insurance Company Ltd

Stocks

AYAL

IL0002090152

Property & Casualty Insurance

Market Closed - TEL AVIV STOCK EXCHANGE 10:25:30 2026-08-24 EDT			5-day change	1st Jan Change
15,410.00 ^ILa	-0.90%		+3.42%	+77.33%

08-20	Ayalon Insurance Company Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-27	Ayalon Insurance Company Ltd Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: AYALON INSURANCE COMPANY LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Premiums and Annuity Revenues	1.98B	2.19B	2.5B	3.08B	5.67B
Total Interest And Dividend Income	175M	289M	317M	301M	-385M
Asset Management Fee	60.21M	32.37M	31.83M	33.66M	12.92M
Gain (Loss) on Sale of Investments, Total (Rev)	665M	-493M	359M	661M	1.04B
Other Revenues, Total	180M	194M	224M	272M	27.18M
Total Revenues	3.06B	2.21B	3.43B	4.35B	6.36B
Policy Benefits	2.43B	1.13B	2.33B	2.98B	5.56B
Policy Acquisition / Underwriting Costs, Total	547M	587M	618M	722M	-
Selling General & Admin Expenses, Total	253M	300M	305M	371M	-
Other Operating Expenses	32K	-	7.31M	5.35M	112M
Total Operating Expenses	3.23B	2.02B	3.26B	4.08B	5.67B
Operating Income	-169M	192M	168M	272M	685M
Interest Expense, Total	-42.75M	-36.6M	-57.55M	-68.49M	-51.74M
Income (Loss) on Equity Invest.	22.52M	-1.62M	1.73M	3.22M	3.63M
Currency Exchange Gains (Loss)	3.03M	5.66M	-636K	-576K	-
Other Non Operating Income (Expenses)	-176K	1K	-	-	-
EBT, Excl. Unusual Items	-187M	160M	112M	206M	636M
Gain (Loss) on Sale of Assets	-	-	-	-	-
Asset Writedown	78.02M	47.5M	-3.02M	19.19M	-10.02M
EBT, Incl. Unusual Items	-109M	207M	109M	225M	626M
Income Tax Expense	5.18M	31.29M	35.89M	81.28M	200M
Earnings From Continuing Operations	-114M	176M	73.07M	144M	426M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-114M	176M	73.07M	144M	426M
Minority Interest	-66K	-38K	-31K	276K	-10K
Net Income - (IS)	-114M	176M	73.04M	144M	426M
Net Income to Common Incl Extra Items	-114M	176M	73.04M	144M	426M
Net Income to Common Excl. Extra Items	-114M	176M	73.04M	144M	426M
Per Share Items
Net EPS - Basic	-6.27	9.66	4.01	6.14	16.57
Basic EPS - Continuing Operations	-6.27	9.66	4.01	6.14	16.57
Basic Weighted Average Shares Outstanding	18.2M	18.2M	18.2M	23.52M	25.72M
Net EPS - Diluted	-6.27	9.66	3.58	5.7	16
Diluted EPS - Continuing Operations	-6.27	9.66	3.58	5.7	16
Diluted Weighted Average Shares Outstanding	18.2M	18.2M	21.54M	26.36M	26.77M
Normalized Basic EPS	-6.42	5.48	3.84	5.49	15.47
Normalized Diluted EPS	-6.42	5.48	3.25	4.9	14.86
Dividend Per Share	-	-	-	3.6	-
Payout Ratio	-	-	-	41.55	36.38
Supplemental Items
EBITDA	-146M	213M	188M	293M	700M
EBITA	-166M	200M	176M	279M	687M
EBIT	-169M	192M	168M	272M	685M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	3.15B	2.27B	3.43B	4.37B	-
Effective Tax Rate - (Ratio)	-4.76	15.11	32.94	36.06	31.98
Total Current Taxes	5.8M	12.47M	8.74M	42.96M	168M
Total Deferred Taxes	-672K	19.48M	22.14M	33.67M	35.53M
Normalized Net Income	-117M	99.68M	69.96M	129M	398M
Interest on Long-Term Debt	27.02M	33.01M	41.48M	44.41M	14.81M
Non-Cash Pension Expense	-	-	-	1.75M	-
Supplemental Operating Expense Items
Marketing Expenses	24.84M	21.5M	19.64M	52.9M	-
Selling and Marketing Expenses	24.84M	21.5M	19.64M	52.9M	-
General and Administrative Expenses	228M	278M	286M	318M	-
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	485K
Total Stock-Based Compensation	-	-	-	-	485K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Investment In Debt Securities	641M	682M	851M	917M	389M
Investment In Equity and Preferred Securities, Total	96.66M	14.31M	22.22M	25.8M	26.48M
Trading Asset Securities, Total	4.82B	4.22B	4.56B	5.13B	6.33B
Real Estate Owned	844M	909M	922M	946M	1.11B
Total Other Investments	3.36B	3.27B	3.3B	4.52B	6.58B
Total investments	9.77B	9.09B	9.65B	11.54B	14.43B
Cash And Equivalents	274M	458M	410M	629M	464M
Reinsurance Recoverable - (IS)	4.07B	3.9B	3.89B	4.8B	3.55B
Other Receivables - (Insurance Template)	683M	679M	649M	723M	401M
Deferred Policy Acquisition Costs - (BS)	418M	424M	438M	513M	-
Gross Property Plant And Equipment	408M	387M	434M	463M	483M
Accumulated Depreciation	-163M	-149M	-196M	-217M	-234M
Net Property Plant And Equipment	245M	238M	238M	246M	250M
Goodwill	13.6M	13.6M	13.6M	17.5M	18.87M
Other Intangibles, Total	202M	255M	293M	342M	373M
Restricted Cash	193M	273M	142M	91.54M	382M
Other Current Assets, Total	119M	141M	143M	133M	189M
Deferred Tax Assets Long-Term (Collected)	8.23M	84.79M	70.92M	23.18M	3.68M
Deferred Charges Long-Term	-	-	-	-	11.14M
Other Long-Term Assets, Total	20.16M	12.66M	5.35M	9.24M	-
Total Assets	16.02B	15.58B	15.94B	19.07B	20.07B
Liabilities
Accounts Payable, Total	28.49M	24.47M	18.84M	49.29M	32.98M
Accrued Expenses, Total	139M	180M	174M	191M	167M
Insurance And Annuity Liabilities	13.27B	12.8B	13.24B	15.54B	17.29B
Unearned Premiums	11.16M	18.81M	18.85M	71.47M	-
Reinsurance Payable - (BS)	866M	882M	798M	1.18B	563K
Current Portion of Long-Term Debt	299K	60.67M	6.74M	6.09M	11.33M
Current Portion of Leases	-	-	-	-	-
Long-Term Debt	759M	700M	697M	700M	660M
Long-Term Leases	34.28M	32.88M	33.66M	33.86M	29.97M
Current Income Taxes Payable	-	-	4.7M	38.11M	78.42M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	-	-	-	-	-
Pension & Other Post Retirement Benefits	63.62M	54.74M	53.92M	58.81M	60.26M
Deferred Tax Liability Non-Current	88.56M	79.09M	81.27M	103M	199M
Other Non Current Liabilities	81.77M	101M	108M	125M	17.22M
Total Liabilities	15.34B	14.94B	15.24B	18.09B	18.55B
Common Stock, Total	221M	221M	221M	267M	408M
Additional Paid In Capital	-	3.92M	-	131M	118M
Retained Earnings	231M	414M	490M	574M	985M
Comprehensive Income and Other	228M	-	-7.22M	-	7.74M
Total Common Equity	679M	638M	703M	971M	1.52B
Minority Interest	1.61M	1.65M	1.68M	1.4M	1.41M
Total Equity	681M	640M	705M	973M	1.52B
Total Liabilities And Equity	16.02B	15.58B	15.94B	19.07B	20.07B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	18.2M	18.2M	18.2M	24.96M	27.23M
ECS Total Common Shares Outstanding	18.2M	18.2M	18.2M	24.96M	27.23M
Book Value / Share	37.33	35.07	38.66	38.92	55.79
Tangible Book Value	464M	370M	397M	611M	1.13B
Tangible Book Value Per Share	25.49	20.32	21.83	24.5	41.4
Total Debt	794M	793M	737M	740M	702M
Net Debt	520M	336M	327M	111M	237M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	28.01M	-
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	1.61M	1.65M	1.68M	1.4M	1.41M
Equity Method Investments, Total	95.1M	12.55M	18.12M	16.53M	15.95M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	272M	258M	285M	296M	270M
Machinery, Total	115M	108M	127M	145M	141M
Full Time Employees	1.19K	1.23K	1.22K	1.39K	1.37K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-114M	176M	73.04M	144M	426M
Depreciation, Depletion & Amortization	19.9M	20M	19.91M	21.85M	20.76M
Amortization of Goodwill and Intangible Assets - (CF)	3.93M	7.49M	7.32M	6.6M	2.17M
Total Depreciation, Depletion & Amortization	23.83M	27.49M	27.23M	28.44M	22.93M
Amortization of Deferred Charges, Total	43.71M	48.42M	52.26M	67.21M	76.68M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-780M	234M	-525M	-689M	-1.42B
Total Asset Writedown	-85.82M	-61.18M	4.2M	-23.52M	-10.52M
Deferred Policy Acquisition Costs - (CF)	-14.36M	9.07M	-4.28M	-32.93M	-
(Income) Loss On Equity Investments - (CF)	-22.52M	1.62M	-1.73M	-3.22M	-3.63M
Stock-Based Compensation (CF)	-	-	-	-	485K
Change in Trading Asset Securities	-	-	-	-	-
Change in Accounts Receivable	-18.7M	-60.6M	-95.79M	-44.8M	902M
Reinsurance Recoverable - (CF)	-266M	206M	27.53M	-16.16M	-3.87M
Reinsurance Payable - (CF)	-9.14M	15.7M	-83.93M	-56.61M	-
Change in insurance Reserves / Liabilities	1.42B	-607M	522M	1.17B	-
Change in Other Net Operating Assets (Collected)	-721M	120M	-265M	-719M	-9.25M
Other Operating Activities	238M	226M	205M	384M	329M
Cash from Operations	-306M	335M	-65.06M	209M	310M
Capital Expenditure	-10.69M	-6.07M	-4.99M	-12.62M	-9.78M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Divestitures	-	-	-	-	-
Purchase / Sale of Intangible Assets	-72.5M	-101M	-95.96M	-115M	-112M
Investment in Marketable and Equity Securities, Total	-3.69M	100M	-5.4M	-	-590K
Other Investing Activities, Total	4.33M	1.8M	2.13M	4.43M	4.8M
Cash from Investing	-82.54M	-5.44M	-104M	-123M	-118M
Long-Term Debt Issued, Total	156M	185M	-	20M	265M
Total Debt Issued	156M	185M	-	20M	265M
Long-Term Debt Repaid, Total	-13M	-251M	-8.96M	-9.6M	-314M
Total Debt Repaid	-13M	-251M	-8.96M	-9.6M	-314M
Issuance of Common Stock	-	-	-	-	141M
Common Dividends Paid	-	-	-	-60M	-155M
Common & Preferred Stock Dividends Paid	-	-	-	-60M	-155M
Other Financing Activities, Total	456K	-	-	-	7.74M
Cash from Financing	144M	-66.42M	-8.96M	-49.6M	-54.5M
Net Change in Cash	-245M	263M	-178M	36.17M	138M
Supplemental Items
Cash Interest Paid	24.86M	30.77M	43.57M	45.49M	48.75M
Cash Income Tax Paid (Refund)	-23.13M	1.66M	-37.07M	44.08M	162M
Net Debt Issued / Repaid	143M	-66.42M	-8.96M	10.4M	-48.73M
Levered Free Cash Flow	-1.71B	977M	-195M	-1.1B	-2.21B
Unlevered Free Cash Flow	-1.68B	1B	-159M	-1.06B	-2.18B
Change In Net Working Capital	1.56B	-911M	243M	1.19B	2.58B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-0.7	0.76	0.67	0.93	2.32
Return on Total Capital	-7.49	8.26	7.32	10.49	21.09
Return On Equity %	-16.52	26.61	10.86	16.54	32.59
Return on Common Equity	-16.56	26.67	10.89	16.6	32.62
Margin Analysis
Gross Profit Margin %	2.73	22.26	14.04	14.9	12.54
SG&A Margin	8.27	13.57	8.91	8.52	-
EBITDA Margin %	-4.76	9.64	5.49	6.73	11.01
EBITA Margin %	-5.41	9.03	5.13	6.4	10.8
EBIT Margin %	-5.54	8.69	4.91	6.25	10.77
Income From Continuing Operations Margin %	-3.72	7.95	2.13	3.31	6.7
Net Income Margin %	-3.73	7.95	2.13	3.32	6.7
Net Avail. For Common Margin %	-3.73	7.95	2.13	3.32	6.7
Normalized Net Income Margin	-3.82	4.51	2.04	2.97	6.26
Levered Free Cash Flow Margin	-55.82	44.19	-5.69	-25.23	-34.78
Unlevered Free Cash Flow Margin	-54.95	45.22	-4.64	-24.25	-34.27
Asset Turnover
Asset Turnover	0.2	0.14	0.22	0.24	0.34
Fixed Assets Turnover	12.6	9.14	14.4	17.95	25.62
Receivables Turnover (Average Receivables)	4.79	4.99	4.9	5.04	17.13
Short Term Liquidity
Current Ratio	12.62	10.73	12.36	10.08	52.32
Quick Ratio	8.35	6.97	8.26	6.8	38.08
Operating Cash Flow to Current Liabilities	-0.29	0.29	-0.06	0.14	1.07
Days Sales Outstanding (Average Receivables)	76.22	73.08	74.53	72.57	21.31
Average Days Payable Outstanding	110.25	191.29	106.78	123.92	2.31
Long Term Solvency
Total Debt/Equity	116.6	123.97	104.58	76.12	46.14
Total Debt / Total Capital	53.83	55.35	51.12	43.22	31.57
LT Debt/Equity	116.56	114.49	103.63	75.49	45.39
Long-Term Debt / Total Capital	53.81	51.12	50.65	42.86	31.06
Total Liabilities / Total Assets	95.75	95.89	95.58	94.9	92.42
EBIT / Interest Expense	-3.97	5.25	2.93	3.97	13.23
EBITDA / Interest Expense	-3.41	6	3.4	4.39	13.67
(EBITDA - Capex) / Interest Expense	-3.66	5.83	3.31	4.2	13.48
Total Debt / EBITDA	-5.45	3.61	3.77	2.46	0.99
Net Debt / EBITDA	-3.57	1.53	1.67	0.37	0.34
Total Debt / (EBITDA - Capex)	-5.08	3.72	3.87	2.57	1.01
Net Debt / (EBITDA - Capex)	-3.33	1.57	1.72	0.39	0.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	24.41	-27.81	55.02	18.88	9.13
Gross Profit, 1 Yr. Growth %	-60.74	487.74	-2.21	25.69	55.87
EBITDA, 1 Yr. Growth %	893.63	-240.32	-11.62	37.91	51.2
EBITA, 1 Yr. Growth %	403.63	-220.55	-11.95	39.96	52.92
EBIT, 1 Yr. Growth %	357.32	-213.33	-12.32	41.86	52.86
Earnings From Cont. Operations, 1 Yr. Growth %	77.45	-254.14	-58.43	69.68	69.79
Net Income, 1 Yr. Growth %	77.49	-254.02	-58.43	70.07	69.6
Normalized Net Income, 1 Yr. Growth %	86.95	-185.3	-29.81	56.48	60.25
Diluted EPS Before Extra, 1 Yr. Growth %	77.49	-254.02	-62.88	67.38	64.04
Net Property, Plant and Equip., 1 Yr. Growth %	1.83	-2.81	-0.24	2.76	1.53
Accounts Receivable, 1 Yr. Growth %	4.12	12.83	17.98	6.84	46.83
Total Assets, 1 Yr. Growth %	10.83	-2.75	2.33	7.87	19.23
Common Equity, 1 Yr. Growth %	-2.8	-6.03	10.22	26.44	39.03
Tangible Book Value, 1 Yr. Growth %	-9.44	-20.27	7.39	37.3	55.71
Cash From Operations, 1 Yr. Growth %	-185.16	-209.58	-119.4	-550.09	57.96
Capital Expenditures, 1 Yr. Growth %	-6.76	-43.26	-17.69	120.91	-22.56
Levered Free Cash Flow, 1 Yr. Growth %	241.52	-157.15	-119.96	-1.66	-555.22
Unlevered Free Cash Flow, 1 Yr. Growth %	255.04	-159.42	-115.91	-2.17	-519.25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.1	-5.23	5.79	37.84	31.8
Gross Profit, 2 Yr. CAGR %	-45.94	51.91	139.74	15.52	24.32
EBITDA, 2 Yr. CAGR %	33.26	217.12	35.9	5.9	81.54
EBITA, 2 Yr. CAGR %	59.72	719.9	20.09	7.66	85.71
EBIT, 2 Yr. CAGR %	142.39	127.66	-0.31	22.53	88.93
Earnings From Cont. Operations, 2 Yr. CAGR %	117.27	65.38	-19.95	-7.02	123.97
Net Income, 2 Yr. CAGR %	117.41	65.34	-19.99	-6.92	124.01
Normalized Net Income, 2 Yr. CAGR %	1.12K	26.28	-22.63	18.55	119.52
Diluted EPS Before Extra, 2 Yr. CAGR %	117.41	65.34	-24.4	-16.26	116.74
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.18	-0.52	-1.54	1.54	2.24
Accounts Receivable, 2 Yr. CAGR %	0.07	8.39	15.38	14.62	-25.09
Total Assets, 2 Yr. CAGR %	8.56	3.81	-0.24	10.64	6.56
Common Equity, 2 Yr. CAGR %	-4.42	-4.43	1.77	23.36	40.63
Tangible Book Value, 2 Yr. CAGR %	-11.92	-15.03	-7.47	28.58	59.12
Cash From Operations, 2 Yr. CAGR %	264.38	-3.4	-53.89	-16.54	158.46
Capital Expenditures, 2 Yr. CAGR %	-13.99	-27.26	-31.66	42.42	30.79
Levered Free Cash Flow, 2 Yr. CAGR %	-39.22	39.71	-66.22	6.34	40.73
Unlevered Free Cash Flow, 2 Yr. CAGR %	-39.59	45.24	-69.26	2.99	42.14
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	9.9	-8.45	11.66	12.42	40.55
Gross Profit, 3 Yr. CAGR %	-40.72	19.76	31.17	97.82	17.95
EBITDA, 3 Yr. CAGR %	-9.01	37.46	107.14	42.14	38.9
EBITA, 3 Yr. CAGR %	-3.15	45.42	289.73	31.75	41.89
EBIT, 3 Yr. CAGR %	5.8	88.13	65.64	17.08	55.74
Earnings From Cont. Operations, 3 Yr. CAGR %	36.05	93.78	4.38	8.12	36.72
Net Income, 3 Yr. CAGR %	36.09	93.81	4.35	8.17	36.73
Normalized Net Income, 3 Yr. CAGR %	27.35	401.93	3.82	3.39	62.96
Diluted EPS Before Extra, 3 Yr. CAGR %	33.53	93.81	0.49	-3.12	25.32
Net Property, Plant and Equip., 3 Yr. CAGR %	7.78	-2.39	-0.43	0.07	1.6
Accounts Receivable, 3 Yr. CAGR %	1.4	4.16	11.5	14.02	-11.63
Total Assets, 3 Yr. CAGR %	8.37	4.65	3.32	5.98	8.81
Common Equity, 3 Yr. CAGR %	1.17	-4.96	0.22	12.66	33.52
Tangible Book Value, 3 Yr. CAGR %	-5.23	-14.79	-8.13	9.65	45
Cash From Operations, 3 Yr. CAGR %	36.84	144.13	-43.43	-11.99	1.12
Capital Expenditures, 3 Yr. CAGR %	0.64	-25.13	-24.2	5.69	16.24
Levered Free Cash Flow, 3 Yr. CAGR %	-12.38	-40.46	-26.96	-13.72	31.57
Unlevered Free Cash Flow, 3 Yr. CAGR %	-13.15	-39.92	-30.51	-14.41	29.87
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.22	-3.19	8.24	8.59	20.9
Gross Profit, 5 Yr. CAGR %	-19.15	13.67	3.67	17.74	30.17
EBITDA, 5 Yr. CAGR %	17.85	34.96	-0.53	28.98	101.27
EBITA, 5 Yr. CAGR %	25.57	41.25	-0.72	33.83	197.05
EBIT, 5 Yr. CAGR %	126.41	114.69	3.31	56.64	79.18
Earnings From Cont. Operations, 5 Yr. CAGR %	37.02	45.29	10.04	42.94	45.99
Net Income, 5 Yr. CAGR %	13.19	45.85	10.04	43.02	45.98
Normalized Net Income, 5 Yr. CAGR %	48.84	32.55	4.33	177.26	44.79
Diluted EPS Before Extra, 5 Yr. CAGR %	31.75	38.72	6.36	33.86	35.28
Net Property, Plant and Equip., 5 Yr. CAGR %	6.58	4.22	3.95	-0.84	0.75
Accounts Receivable, 5 Yr. CAGR %	-0.67	3.62	6.77	8.22	-4.11
Total Assets, 5 Yr. CAGR %	8.69	6.22	4.84	7	6.79
Common Equity, 5 Yr. CAGR %	4.84	3.05	1.41	5.49	16.8
Tangible Book Value, 5 Yr. CAGR %	1.76	-3.74	-6.13	0.45	17.09
Cash From Operations, 5 Yr. CAGR %	41.61	40.23	-11.44	55.36	-2.93
Capital Expenditures, 5 Yr. CAGR %	17.68	-19.86	-13.8	-2.67	-3.14
Levered Free Cash Flow, 5 Yr. CAGR %	13.41	1.59	-40.16	-25	34.6
Unlevered Free Cash Flow, 5 Yr. CAGR %	13.44	2.42	-42.67	-25.54	35.68