Phoenix Financial Ltd. operates as a financial services company in Israel. Its Life and Savings segment provides life insurance policies, permanent health insurance policies, and savings policies for salaried employees planholders, individual and self-employed policyholders, and groups. The company's Property and Casualty segment offers compulsory motor insurance, motor property insurance, and other property and casualty insurance. Its Health Insurance segment offers health insurance policies that are designed to indemnify or compensate policyholders for medical expenses incurred as a result of decline in health, illness, or accident; and long-term care insurance, critical illness insurance, dental insurance, travel insurance, and personal accidents insurance. The company's Retirement segment manages various types of pension funds and provident funds; and the central provident fund for annuity for employees of the Israel Electric Corporation Ltd. Its Wealth & Investments segment is involved in the marketing and management of investments for customers; underwriting and investment banking activities; management of mutual funds; and provision of stock exchange and trading, investment policies, and wealth management services. The company's Payments & Financing segment engages in the credit cards - acquiring-aggregator activities; and provision of business credit, supplier financing, business guarantees, payment card vouchers factoring, financing against post-dated checks, financing against liens on real estate properties, construction financing, and consumer credit services. Its Brokers & Advisors segment offers brokerage and marketing services for pension, insurance, and financial products of various insurance companies, investment houses, and institutional entities. The company was formerly known as Phoenix Holdings Ltd. and changed its name to Phoenix Financial Ltd. in August 2024. Phoenix Financial Ltd. was incorporated in 1949 and is based in Rishon LeZion, Israel.
