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Article: Harel Q1 net profit up 18% to NIS 117.8 million

Article from:
Jerusalem Post
Article date:
June 1, 2005
Author:
Copyright

YIGAL GRAYEFF
Jerusalem Post
06-01-2005
Headline: Harel Q1 net profit up 18% to NIS 117.8 million
Byline: YIGAL GRAYEFF
Edition; Daily
Section: Economics
Page: 17

Wednesday, June 1, 2005 -- Harel Insurance Investments' first-quarter net profit jumped 18 percent to NIS 117.8 million from NIS 99.8m. in the same period a year earlier, due to an improvement in the closing and management of claims.

The company said on Tuesday that return on equity rose to 27.1% from 24.6% as profit from its insurance business rose to NIS 209m. from NIS 177m. Life insurance profit rose to NIS 104m. from NIS 93m. as premiums rose to NIS 616m. from NIS 549m.

Profit from general insurance rose to NIS 105m. from NIS ...

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