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    Financial Statement Analysis in P&C – by Hagai Shapira | 35% Profit Growth Positions the P&C Sector as the Industry Leader with 43% of Insurance Operating Profits

    subtitle: Despite high profitability, which reached a record half-year level of 2.7 billion Shekels (before tax), insurers are acting cautiously and tariff reductions are occurring more slowly than expected * Profitability remained high despite only modest output growth of 2.9% * Record profits were posted in Motor Property and in “Other” (Liability and Property & Other historical lines), yet the transition to IFRS 17 makes it difficult to obtain a detailed view of business segments
    EditorialBy 05 Mins Read