#Israel #Tel Aviv #Phoenix Financial #Moody's Rating #Israel Insurance

Moody's Upgrades Phoenix Financial's Rating

On February 5, 2026, Moody's Investors Service announced a significant upgrade for Phoenix Insurance, a subsidiary of Phoenix Financial Ltd., which is based in Israel. The rating was elevated from Baa1 to A3, distinguishing Phoenix Insurance as a sound investment amid a complex operational landscape.

The increase in the insurance financial strength rating (IFSR) places Phoenix Insurance one notch above Israel’s sovereign rating, a testament to the company's robust financial footing and superior market execution. Moody's supports this upgrade by highlighting Phoenix's strong profitability, substantial capital reserves, and extensive liquidity buffers, which collectively enhance its operational resilience.

In its analysis, Moody's acknowledged the company's broad business diversification and the capacity for strong cash flow generation, alongside an ability to adapt to changing market dynamics. These factors illustrate Phoenix's leadership in the insurance sector and position it favorably for continued success.

This upgrade follows a prior announcement from Moody's regarding the Government of Israel's rating outlook shift from negative to stable on January 30, thereby maintaining the Baa1 sovereign rating. The move underscores the strength of Phoenix Financial amidst varying pressures that influence other banking and financial institutions often confined by the weight of sovereign ratings.

About Phoenix Financial

Phoenix Financial is a prominent asset management and insurance group traded on the Tel Aviv Stock Exchange under the symbol TASE:PHOE. The group has shown notable growth across diverse segments, sustaining robust cash flows and delivering consistent dividends to stakeholders. With approximately $180 billion in assets under management, Phoenix extends its services to a substantial segment of Israeli households, covering a wide array of financial solutions aimed at various client needs.

Leveraging Israel's dynamic economic landscape, Phoenix is committed to innovation and excellence in investment strategies, ensuring value creation for both clients and shareholders. Moody's rating upgrade not only highlights Phoenix Insurance's distinctive capabilities and stability but also sets a positive precedent for the future of the financial group.

Conclusion

With its new A3 rating, Phoenix Insurance stands as a symbol of strength in the insurance industry, demonstrating great operational capacity and resilience. As the marketplace evolves, Phoenix Financial is well-positioned to continue its trajectory of growth and performance, underscoring its role as a leader in the asset management and insurance sectors within Israel and beyond.