2024 Summary

A Year of
Achievements
Investor Deck | March 2025
 • While the information included in this presentation is based on data from I.D.I. Insurance Company Ltd’s (hereinafter: “The
Company”) periodic report as of December 31, 2024, as well as previous presentations and reports published by the Company, it is
not a substitute for reviewing these reports. The presentation also includes data and information presented in a different format,
arrangement, or segmentation than in the aforementioned reports, including those derived from the data in the Company’s reports.
• This presentation does not constitute an offer to acquire the Company’s securities or an invitation to receive such an offer. It is
intended solely to provide information to investors. Its content does not constitute advice, a recommendation, an opinion, or an
offer regarding the profitability of an investment and does not replace independent judgment, self-assessment, and professional
advice tailored to each investor’s specific circumstances. The Company shall not be liable for any possible or potential damages
and/or losses resulting from the use of information in this presentation..
• This presentation may include forward-looking information (as defined in the Securities Law, 5728 – 1968), such as the Company’s
forecasts, objectives, assessments, and estimations regarding future events or matters, the realization of which is uncertain and not
Disclaimer under the Company’s control. By nature, forward-looking information is subject to risks of non-realization and uncertainty, including
the impact of risk factors inherent in the Company’s operations, changes in the economic environment in which the Company
operates, as well as external factors that may affect the Company’s operations.
• Therefore, readers of this presentation are cautioned that the Company’s actual future results and achievements may differ
materially from those presented in the forward-looking information, if applicable.
• Furthermore, the forward-looking forecasts and assessments are based on data and information available to the Company as of
the publication date of this presentation. The Company is not obligated to update or revise any forecast or assessment to reflect
events or circumstances that may arise after the presentation date..

This presentation has been translated from Hebrew

In the event of any discrepancies, the Hebrew version shall prevail 2
2
Iron Swords
We bow our heads in memory of the state’s citizens and the
Company’s employees who were murdered or fell in action
during the “Iron Swords” War.

The Irons Swords War has continued to rage into 2024.

Hundreds of Direct Insurance employees participated in the
war effort on the reserve duty front, throughout the year,
alongside the other employees who continue to serve our
customers with dedication while backing up and supporting
those serving in the military and their families.

Direct Insurance continues to provide services with care and

to provide responses to citizens of the southern and northern
confrontation lines.
We continue to closely manage the needs of our customers,
employees, and the Company in response to the evolving
situation.

Above all, we appeal for the rapid return of all the hostages
and wish a quick recovery to all the physically and mentally
injured.
May days of peace, tranquility and routine soon return to us

3
 Comprehensive Income
Q4 & Annual
Q4 Comprehensive Income Annual Comprehensive Income

260

80
150
49

10-12/2023 10-12/2024 1-12/2023 1-12/2024

* In millions ILS (after tax)

4
 Return on Equity

Annual Return Return in Q4

33%
27%

22%
17%

1-12/2023 1-12/2024 10-12/2023 10-12/2024

Return on equity in annual terms

5
 2024: A Year of Achievements

Expanded collaboration Growing profitability Significant growth

With key market players In the motor and property In both customer base &
through strategic business sectors, while sustaining premiums
partnerships healthy growth across all branches

Investments Responsible underwriting 9 brand

Robust and diversified With dynamic pricing and Results exceeding
portfolio management intelligent claims management expectations with strong
delivering strong, consistent growth in the customer base
returns

6
 Double Digit Growth in Premiums 23%
Premium
mium growth
g ow
in 2024
(incl. Civil Servants tender)

3,737
3,600
3,046 3,525
3,100
2,936
2,625 2,581
2,600 2,432 2,492
2,380
2,292
2,114
2,100
1,804

1,600

1,100

600
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

‫פרמיות‬
Premiums ‫"ל‬Premiums
‫ללא חשכ‬ ‫פרמיות‬
excl. Accountant General tender

*Annual growth excluding the Civil Servants tender: 20%

7
Direct
Insurance Continued Growth
14.7%
In Motor & Homeowners Market Share
Market share over time Leading in the market share *

IDI 14.7%

14.7%
Rest of the
12.7% 12.7% companies
11.3% 11.2% 28.6%
Company A
14.2%

Company F
6.3 % Company B
11.1%
Company E
7.1 % Company C
31/12/2020 31/12/2021 31/12/2022 31/12/2023 30/09/2024 Company D 9.6%
8.5%

*The motor market share in premium terms, according

to the Capital Market, Insurance and Savings Authority, as of September 30, 2024

8
 Growth Over Time
Homeowners Market Share
Market share over time Market Share

IDI 12.6%

12.6% Rest of the

12.1% companies
11.1% 11.2% 11.4% 17.9%

Company F
Company A
6.8 %
19.2%
Company E
8.4 %
Company B
Company D 13.2%
31/12/2020 31/12/2021 31/12/2022 31/12/2023 30/09/2024 9.5%
Company C
12.5%

* Market share - Homeowners and mortgage banks in premium terms, according to the Capital Market,
Insurance and Savings Authority as of September 30, 2024
9
Leaders in Mortgage Insurance
Life branch market
share*

Approx. 17% Rest of the

IDI 8%

companies
of the insured mortgage Company E
9%

amounts in the market 11% Company A

22%

are Insured at IDI Company D

14%

The rate is based on Direct Insurance's insured Company B

mortgage sums as a share of the total outstanding Company C 20%
credit balance in the economy (lenders' portion), 15%
after a provision for doubtful debts, per the Bank of
Israel. As of September 2024.

Pure risk market share (excluding savings) – Accumulated individual death risk, according to the
Capital Market, Insurance and Savings Authority , as of September 30, 2024 10
Expansion of Distribution Channels
Record in number of Strategic Partnerships

11
 A Leading Company for
Individual and Family
A Multiproduct Company

Motor Homeowners Mortgage Health Savings

and business

Personal Pure Travel Critical

Accidents Risk Insurance Illness

12
Business Focus
in 2025

Organic & Competitive Innovation Maximizing Exploring

Profitable Advantage at the core of Customer Opportunities
Growth through our Business Engagement Horizonal &
Organizational Pushing Excellent Vertical
excellence boundaries service

13
A significant Automated
service, sales,
Automation
Advancing with
robots, bots, and AI
advantage in underwriting
processes
applications

efficiency rates
(ER) Digital
leadership
Reducing time
and Optimizing
Unique claim processes
Via advanced application and
digital services
technology and high
operational optimization
optimizatio
DATA models - Use of advanced
ML/AI -based across analytics for
all activities of the identifying and
company focusing on business
potential

14
Innovation as a Core Value
Innovation Enabling Competitive Offering
Pricing and Enhanced value for Customers

Value Offers to Innovation Embedding dozens

customers HUB of innovative
club benefits, applications
bundles, etc. in business
processes

Cross Company GEN AI

organizational applications
innovation
15
 Exposure to 270 startups

140 Business Relevance Assessments

Direct Insurance’s
innovations 45 POC

We have developed a 10
Structured and Focused screening process designed to Implementations
identify startups with higher potential to enhance the
value chain 4

In cooperation with the Japanese insurance

Investments

giant MSI

16
Customer Centric Approach
Maximizing Customer Engagement

Personalization
Digital and Human A unique
based on
customer Experience Customer club
Customer’s Profile

Expanding
Enhancing
Product Offerings Family-Oriented
Customer
per Customer Value Offers
Tenure

17
 Direct Insurance Ranked First in Finance and
Insurance Category in the BDI Survey
High-Quality, committed and satisfied workforce
Consistently Ranked Among Top High-Tech Companies and First in the Financial Sector
for Several Years*

Nvidia 1
Google 2
Microsoft 3
Check Point 4
Applied Materials 5
Direct Insurance 6
Israel Aircraft Industries 7
Intel 8
Bank Hapoalim 9
Fiberark Software 10

* According to the most recent TheMarker and BDI Survey– Sep 2024

18
Results
2024

19
 Comprehensive Income*
Quarterly and Accumulated
Profit Q4 Profit

260

80
150
49

1-12/2023 1-12/2024 10-12/2023 10-12/2024

* After tax In ILS Millions

20
 Underwriting Profit *
Quarterly and Accumulated
Q4 Profit
Profit
Annual
Profit 197

67

45
86

10-12/2023 10-12/2024
1-12/2023 1-12/2024

In ILS Millions
*Comprehensive income, excluding investment revenues and excluding pretax finance expenses.
The underwriting profit in the quarter and 2024 was affected by provisions for litigation
21
 Nostro Investment Profit
Quarterly and Accumulated
Annual Profit Q4 Profit

222
6.29%
Annual Return
155 on Nostro 62
Investments

30

1-12/2023 1-12/2024 10-12/2023 10-12/2024

Excluding profit-sharing policy profits, based on a solid and diversified investments portfolio

All the data in ILS millions 22

 Casco
Results
Comprehensive income Underwriting Profit Premiums in ILS millions

255.9
191.0
33% 2,046.4
Premium Growth
Accumulated Compared to the 1,537.8
1-12/2024 Same Period in the
93.7 Previous Year
55.5
Growth Excluding Civil
Servants Tender: 30%
2023 2024 2023 2024
2023 2024

Comprehensive income Underwriting Profit Premiums in ILS millions

Quarterly
64.4
71.8
57 50.5
15% 409.7
Premium Growth 356.1
10-12/2024 .0
Compared to the Same
Period in the Previous
Year
Growth Excluding Civil
Servants Tender: 15%
10-12/2023 10-12/2024
10-12/2023 10-12/2024
10-12/2023 10-12/2024
Profits in the corresponding previous period included the impacts of the war - Estimated at ILS 40 million in underwriting profit before tax (based on a comparison of
the frequency of accidents and thefts during the pre-war quarters)
23
All data in ILS millions | Comprehensive income and underwriting profit before tax
 MBI
Results

Accumulated 1-12/2023 Quarterly 10-12/2024

2024 2023 2024 2023

26% 687.7 545.3 135.5 121.9 11%

Premiums Premiums
Premiums Premiums

Growth -19.9 -12.4 8.2 -7.9 Growth

Comprehensive income Comprehensive loss
Comprehensive loss Comprehensive loss
Growth excluding Growth excluding
Civil Servants
Tender
23%
- 65.6
Underwriting loss
-56
Underwriting loss
-1.0
Underwriting loss
-14.9
the Civil Servants
Tender
23%
Underwriting loss

The annual loss is influenced by financial effects, an increase in the index, and a shift in the interest curve due to losses from Pool (corporate entity of all insurance
companies in the compulsory insurance industry). Compensation for the rise in the index and changes in the interest curve was reflected in comprehensive income and
manifested in the return on investments in the general portfolio.

Examining the Casco and MBI together is appropriate, as the vast majority of products are sold as a combined package.

All the data in ILS millions | Comprehensive income/ Comprehensive loss Company profit before tax 24
 Other Property and Liability Branches*
Results

Accumulated 1-12/2024 ** Quarterly 10-12/2024**

15% 2024 2023 2024 2023

14%
Growth 345.2 321.0 69.2
Premiums
74.3
Premiums Growth
Excluding provision Premiums Premiums Excluding provision
for litigations

18.1 41.9 -3.6 12.5 for litigations

8% Comprehensive income Comprehensive income Comprehensive loss Comprehensive income

-7%
** Growth
Including provision 10.1 34.7 -5.9 11.3
Underwriting profit
** Growth
Including provision
for litigations Underwriting profit Underwriting profit Underwriting loss for litigations

* At IDI, this branch primarily relates to Homeowners insurance. Liabilities cover are offered only alongside other property insurances, and therefore, both branches are presented together.
.** The quarterly premiums and profit/losses were impacted by provisions for litigation. After neutralizing the provisions, the profits were similar to the corresponding previous period.

All the data in ILS millions | profit/loss data including underwriting before tax

25
 Life insurance
Results

Accumulated 1-12/2023 Quarterly 10-12/2024

2024 2023 2024 2023

361.1 348.4 91.9 87.9
3.6% 4.5%
Premiums Premiums Premiums Premiums

32.4 46.3 13.5 -8.0

Comprehensive income Comprehensive income Comprehensive income Comprehensive loss
** Growth ** Growth

24.3 37.9 11.5 -10.6

Underwriting profit Underwriting profit Underwriting profit Underwriting loss

Profit during the period was impacted by a higher-than-normal claims ratio, among other factors, due to the negative impact of the Iron Swords War.
* Excluding long-term savings
** Excluding Collective. The growth in the reporting year, including the Civil Servants Collective, is 3.3%, and 4.2% in Q4.

All the data in ILS millions | profit/loss data including underwriting before tax 26
 Health
Results
Accumulated 1-12/2023

Accumulated 1-12/2023 Quarterly 10-12/2024

12% 2024 2023 2024 2023 15%

285.9 280.1 73.2 69.2 Premium
Premium Premiums Premiums Premiums Premiums
Growth Growth
Health and Critical Health and Critical
Illness
47.9 23.5 14.1 5.6
Illness

2% Comprehensive income Comprehensive income Comprehensive income Comprehensive income

6%
Premium
Growth 38.4 14.5 11.8 2.4 Premium
Growth
The entire health Underwriting profit Underwriting profit Underwriting profit Underwriting profit The entire health
branch branch

The premium impairment in the personal accident branch results from a business decision to reduce activity in this field due to the reform led by
the Supervisory Authority and its deteriorating profitability.

All the data in ILS millions | profit data including underwriting before tax 277
 Solvency Ratio
As of June 30, 2024
500 438

142 % 135%
Solvency Solvency
Ratio Ratio
Including Transition 1,176 1,238 Excluding Transition
Instructions
Instructions

Including
‫מעבר‬transition instructions Excluding
‫כולל הוראות‬ transition
‫מעבר‬ ‫הוראות‬instructions
‫ללא‬
within‫הפריסה‬
scheduled period
‫בתקופת‬ within scheduled period
‫בתקופת הפריסה‬

Equity ‫עודף הוןן‬ ‫פרעוןן‬ ‫כושר‬

Solvency
surplus
After distributing a dividend of ILS 48 million for the 7-9/2024 profits and excluding the dividend declared for the 10-12/2024 profits
The model, in its current form, is highly sensitive to changes in market variables and other factors.

All the data in ILS millions 28

 Dividend & Dividend Yield
Minimum Distribution Average Declared after Dividend distribution
Requirements for Policy dividend yield the balance for FY 2024
Distribution (5 years) sheet date

Solvency At least
of
50% 7.11% 60M ILS 193M
120% Of annual
profit
ILS

Accounting for
74% of FY2024
profit

Since 2018, we have returned approx. ILS 883 million to shareholders in dividends, backed by robust
cumulative earnings of ILS 1.26 billion.

29
 Equity Growth
1,100

989
1,000
926
900 862 856
814
800
Equity
700
641

600
525
500

400
2018 2019 2020 2021 2022 2023 2024

All the data in ILS millions 0

30
 IFRS 17
A new accounting standard for measuring and presenting the results of insurance companies
Reporting begins in Q1/25

Changes in the measurement

A one-time effect on
and recognition of profits in No direct impact on the
A limited impact equity at transition
long-term life and health Solvency Ratio and equity
on general Insurance date, as of January 1,
insurance products management
2024.

31
 IFRS 17
Primary Changes
Presentation Comparison Changes Measurement
& Disclosure & Monitoring in Assumptions

More extensive presentation Improved comparative and Changes in actuarial Profit is measured at initial
and disclosure, with a clear monitoring ability following the assumptions are spread recognition and spread over
separation of underwriting anticipated development of over the policy life. With the coverage period. Losses
profits from the underwriting profit. exposure to shifts in the are recognized in full upfront.
investment/finance profits. interest rate curve.

New Terms
(Best Estimate) Contractual Risk Adjustment
(BE) Service Margin (CSM) (RA)

The risk premium for uncertainty

Expected cash flows (premiums The anticipated margin from regarding the amount and timing
minus claims and expenses) are insurance coverage is recognized of the cash flows is recognized as
discounted at a risk-free rate as profit over the contract period the risk adjustment (RA). The RA is
plus illiquidity premium
released to profit as the
associated risk is released

32
 IFRS 17
The transition date January 1, 2024
 The transition to reporting under IFRS 17 requires adjustment of the balance sheet balances as if they have
always been measured according to this standard.
 The change in assets/liabilities measurement (net of tax effect) is recorded in equity as of the transition date.
Equity
 90% of the CSM balance in retention is calculated using the retroactive
An increase of ILS 84 application approach (MRA), which primarily relies on the cash flows of the
million Company's portfolio, rather than the fair value (FV) approach, which
incorporates financial and general assumptions from the perspective of market
*CSM in Retention participants.
Equity
Contractual Service Margin
Balance
70% of the CSM balance in retention pertains to products that continue to be
ILS 877millions 
sold, and future sales of these products will generate new CSM (in addition to
releasing CSM to current profits).
** RA in Retention
Risk Adjustment Balance
 40%-50% of the CSM balance in retention are expected to be entered in profit
ILS 216 millions
over the five years following the transition date. ***

*The contractual service margin (CSM) balance for the existing portfolio in the life and health sectors as of the transition date, January 1, 2024.
**The risk adjustment balance (conservative margin) for the existing portfolio in the life and health sectors as of the transition date, January 1, 2024. This balance
does not include the risk adjustment balance in the general insurance sector, which amounts to ILS 83 million in retention.
***The recognition rate and amounts of the CSM balance for profit are not definitive and are subject to changes in assumptions and estimates, if any. 33
 IFRS 17
Comprehensive Income H1/24

 Comprehensive income in H1
remains largely unchanged
compared to the measurement
under IFRS 4, despite the impact
of the rise in the risk-free interest
rate curve and changes in
Increase
financial assumptions (including Decreasse
inflationary effects), which Amount

resulted in additional finance

expenses.

 In H2/24, there was a decline in

the risk-free interest rate curve.
The Company believes that this
Comprehensive Increase in Increase in Other operating Comprehensive
impact will be partially offset by income after underwritin
underwriting finance expenses and
Tax
income after tax
impact
the effects observed in H1. tax for the IFRS profits* expenses income from for the IFRS 17
4 period deriving from management period
insurance fees **
contracts *

*The rise in finance expenses under IFRS 17 primarily stems from impacts in the life and health sectors, which were not reflected under IFRS 4, as well as from the reclassification of changes
in the risk-free rate and indexation - mainly in the general insurance sector previously included in underwriting profit under IFRS 4.
**Other operating expenses (general & administrative) were included in underwriting profit under IFRS 4 but are excluded from the contractual service margin under IFRS 17.

34
Thank you.
The future
moves fast
and so do we.