Digital insurance company.
Libra finished 2025 as an insurer with real underwriting-led core earnings, comfortable capital, and unusually high return on equity, but the business still depends heavily on motor property and compulsory vehicle insurance.
Libra is building a real platform layer around its motor engine in 2025, but the group’s economics have barely moved yet: Chik and the adjacent products are more visible in interface design, servicing and cross-sell potential than in premium mix or profit mix.
Libra’s deferred-profit engine is real, but by the end of 2025 it is visible mainly through mortgage life: retained CSM rose to NIS 15.0 million, while health is still not disclosed as a separate and material CSM reservoir.
