David Alexander
Deputy CEO of Corporate Holdings & Development

Hello. This is David Alexander, Deputy CEO of Phoenix Financial. Thank you for joining us to discuss the results for the first quarter of 2026. The call will be led by Phoenix CEO, Eyal Ben Simon; and CFO and Deputy CEO, Eli Schwartz. The presentation for the call can be found on our website or the Tel Aviv Stock Exchange website. The presentation provides key points on the financial statements released today and should be read together with the full financials.

At the end of the call, we'll answer questions that were discussed today on the Hebrew call. You can send any additional questions to us individually or to the e-mail address ir@fnx.co.il. We'll make ourselves available to meet with investors and discuss performance, strategy or any other questions you may have.

We plan to be in London in June and in New York and Boston in July. Please note that this call will include forward-looking statements and that actual future results may be different. First, Eyal will highlight key results and strategic priorities. Eli will then review the financial results and segment breakdown in more detail.

Eyal Simon
Chief Executive Officer

Hello. Phoenix is the leading Israeli financial platform and capital allocator with $215 billion in assets under management. We have two lines of activities. First, a multiline insurance business, including a market-leading P&C operation as well as significant life and health businesses. This activity provides strong balance sheet and cash flows. The second is a broad asset management business with growth engines generating mostly fee-related and recurring