Harel Insurance Achieves Top Financial Strength Rating from AM Best

Harel Insurance Achieves 'A' Rating from AM Best

Harel Insurance Company, a prominent player in the Israeli insurance sector, has recently received an esteemed financial strength rating from AM Best. This global credit rating agency, renowned for its assessments of the insurance industry, has assigned Harel an 'A' (Excellent) Financial Strength Rating (FSR) along with a Long-Term Issuer Credit Rating of 'a' (Excellent) and a stable outlook. This recognition firmly positions Harel as a leading insurance provider within Israel's market.

In a landscape where financial strength is paramount, this achievement not only certifies Harel’s robust balance sheet but also highlights its solid operational performance. According to AM Best, the firm’s overall business profile is considered strong, reflecting its extensive expertise and leadership in the insurance and financial services sector. Impressively, Harel stands as the only insurance company in Israel to achieve such a distinguished rating, marking a significant milestone in the nation's financial services landscape.

The ratings by AM Best underscore several key aspects of Harel’s operations. The agency points to Harel’s very strong balance sheet strength and a proven track record of profitability—critical parameters for policyholders and investors alike. The insurance company operates under the umbrella of Harel Insurance Investments and Financial Services, which encompasses various sectors including asset management and credit activities. This diversification contributes substantially to its market resilience and strength.

Nir Cohen, Chief Executive Officer of Harel Group, expressed pride in the new rating. He noted, "The 'A' rating from AM Best, paired with our 'A-' rating from SP Global Ratings, serves as independent validation from two exceptional international rating agencies. Our ratings reinforce our operational resilience and significantly bolster our reputation among clients, partners, and investors." Cohen emphasized that these ratings reflect not only the operational strength of Harel but also the dedication of its employees and the trust its customers place in the firm.

Established in 1899, AM Best is the largest global credit agency focused on the insurance industry. Its ratings are widely acknowledged and used by financial entities worldwide to evaluate insurers' financial resilience.

Harel Insurance's diversified offerings include health, life, and non-life insurance coverage, which collectively amount to significant annual premiums and deposit inflows. As of 2025, Harel reported approximately NIS 45.7 billion in these inflows, showcasing its effective operational strategy in managing a substantial customer base.

The company currently manages assets totaling around NIS 630 billion (USD 218.5 billion), reinforcing its standing as Israel's largest insurer. With an extensive portfolio, Harel Insurance is positioned to take advantage of growth opportunities within the expanding Israeli economy. Its business model, founded on a solid capital structure and a commitment to delivering exceptional customer service, further enriches its capacity for sustainable growth.

In conclusion, the recognition by AM Best is a decisive validation of Harel Insurance’s performance and stability in the competitive insurance market. It not only reaffirms the company's commitment to excellence but also reinforces its strategic initiatives aimed at enhancing long-term value for all stakeholders involved. Harel Insurance continues to innovate and expand its services, endeavoring to maintain its robust position in the market while ensuring financial stability and strong relationships with its clients.

For additional insights about Harel Insurance and its financials, visit Harel Group's official site.