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First International Bank of Israel Reports Financial Results for the Fourth Quarter and Full Year of 2024

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2 years ago

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Reflects continued growth and strong profitability while maintaining financial stability

TEL AVIV, Israel, March 12, 2025 /PRNewswire/ — First International Bank of Israel (TASE: FIBI) one of Israel’s major banking groups, today announced its results for the fourth quarter of the year.

Financial Highlights

Net income of NIS 2,371  million in the year 2024; Return on equity 19%;Net income of NIS 573 million in the fourth quarter of 2024; Return on equity 17.4%Net credit to the public grew by 10% in 2024 and by 3.7% in the fourth quarter;Deposits from the public grew by 12.4% in 2024 and by 0.9% in the fourth quarter;Customers’ assets grew by 25% in 2024 and by 5% in the fourth quarter, and reached NIS 839 billion;Equity attributed to the Bank’s shareholders amounted to NIS 13.4 billion; an increase of 11.3% compared to the end of 2023; Tier 1 shareholders’ equity ratio of 11.31%;The Bank’s Board of Directors decided on the distribution of a dividend amounting to NIS 228 million, representing a return of 40% of the net income;

Financial Results of the Fourth Quarter and Full Year 2024

The First International Group’s net income amounted to NIS 2,371 million in 2024, an increase of 9.2% compared with that of the previous year. The return on equity reached 19%.

In the fourth quarter of the year, the net income amounted to NIS 573 million, an increase of 14.8% over that of the previous year. The return on equity was 17.4%.

Credit to the public, net, amounted to NIS 129.4 billion, an increase of 10% in 2024 and an increase of 3.7% in the fourth quarter.

Deposits from the public amounted to NIS 214.8 billion, an increase of 12.4% in 2024 and 0.9% in the fourth quarter. The customers’ assets portfolio increased by 25% in comparison with that of the previous year and by 5% in the fourth quarter of 2024, and amounted to NIS 839 billion.

Equity attributed to the Bank’s shareholders increased to NIS 13.4 billion, an increase of 11.3% by comparison with the end of 2023. The tier 1 shareholders’ equity ratio increased to 11.31%, 2.1 percentage points above the required regulatory amount. The liquidity coverage ratio remained high and stood at 165%.

Considering the directives of the Supervisor of Banks regarding Capital Planning and Profits Distribution Policy, the Bank’s Board of Directors approved the distribution of a cash dividend to shareholders amounting to NIS 228 million, representing 40% of net income. The Board of Directors will continue to consider the implementation of the Bank’s dividend distribution policy, according to which the bank will distribute up to 50% of its net profit each year, in light of ongoing developments and impacts on the economy and the Bank.

Income for credit losses amounted to NIS 16 million in 2024, compared with expenses of NIS 502 million in 2023. The expenses for credit losses were NIS 35 million in the fourth quarter of the year, of which the collective expense was NIS 41 million. The percentage of the expense to the average balance of credit to the public was 0.11%.

In terms of the qualitative credit portfolio, the non-performing loan (NPL) ratio (the balance of non-accrual debts or debts that are in arrears of 90 days or more, out of the balance of the credit to the public) declined, and reached 0.53% at the end of the fourth quarter, as compared to 0.6% at the end of 2023. The ratio is an indication of the quality of the credit portfolio.

Operating and other expenses amounted to NIS 2,977 million in 2024, an increase of 3.5% over 2023 and was primarily due to an improved efficiencies as well as the impact of inflation. The 2024 efficiency ratio stood at 44.1%.

Management Comment

Eli Cohen, First International Bank Israel’s Chief Executive Officer, commented, “2024 presented many challenges for us, amid ongoing uncertainty. The Swords of Iron War negatively affected hundreds of thousands of Israelis, both directly and indirectly, and the Bank’s staff and managers remained fully committed to providing optimal customer service throughout the period. Together with a series of benefits and reliefs for First International Bank’s customers, we continued to support Israel’s security forces and to society in general. This is primarily through an initiative we launched in the early days of the war, and which continues today. As part of this initiative, we stand by and supports the brave members of Kibbutz Nir Oz, who have suffered devasting losses in the attack.”

“I am proud and grateful to the thousands of First International Bank’s staff members, for their devotion during this period of war, for their motivation, their determination and their dedicated service they continue to provide our customers.”

“Today, we published the Bank’s financial results for 2024. Despite the significant challenges, the results reflect resilience and growth. This year, we have seen strong momentum in our core operations and strategic focus areas, with the credit portfolio growing by 10% and customer assets increasing by 25%. We have achieved growth through our activity with new customers and the continued expansion in our activity with existing customers, reinforcing our position as the leading bank in the capital markets sector. “

“The Bank’s results are also marked through a high level of financial stability, reflected in the quality of the credit portfolio, as well as the high capital and liquidity ratios. This stability is of considerable importance in the current period of economic uncertainty.”

“We are continuing to improve our value proposition to customers, by providing both a personalized service and also through our digital capabilities. The First International Bank’s customers are the first who can benefit from FibiWise, an innovative system we developed, that provides customers with a comprehensive financial view of their various accounts across all banks and financial institutions. Additionally, we also recently launched a preloaded wallet called Beyond, which, for the first time in the Israeli banking system, enables its holders to benefit from significant fixed benefits on their purchases.”

“I hope and pray that we will achieve calm in the security situation on the various fronts, for the safe return of the residents of the North and the South and for the return of all the hostages. I send my wishes for a speedy and full recovery to all the wounded and share my deepest condolences to the bereaved families.”

CONDENSED PRINCIPAL FINANCIAL INFORMATION AND PRINCIPAL EXECUTION INDICES

Principal financial ratios

2024

2023

2022

2021

2020

percent

Execution indices

Return on equity attributed to shareholders of the Bank

19.0

19.7

16.6

14.7

8.6

Return on average assets

1.02

1.06

0.89

0.82

0.49

Ratio of equity capital tier 1

11.31

11.35

10.42

11.46

11.18

Leverage ratio

5.18

5.26

5.19

5.34

5.29

Liquidity coverage ratio(1)

165

156

127

128

150

Net stable funding ratio(2)

140

146

133

139

Ratio of total income to average assets

2.9

3.2

2.9

2.6

2.7

Ratio of interest income, net to average assets

2.0

2.4

2.0

1.6

1.7

Ratio of fees to average assets

0.7

0.7

0.8

0.8

0.9

Efficiency ratio

44.1

43.5

50.9

58.3

61.8

Credit quality indices

Ratio of provision for credit losses to credit to the public

1.25

1.36

1.02

1.05

1.38

Ratio of total provision for credit losses (3) to credit to the public

1.38

1.50

1.12

1.13

1.48

Ratio of non-accruing debts or in arrears of 90 days or more to credit to the public

0.53

0.60

0.48

**0.63

0.86

Ratio of provision for credit losses to total non-accruing credit to the public

244.6

234.5

219.7

**244.0

221.3

Ratio of net write-offs to average total credit to the public

(0.04)

0.03

0.03

(0.01)

0.10

Ratio of expenses (income) for credit losses to average total credit to the public

(0.01)

0.42

0.11

(0.23)

0.52

Principal data from the statement of income

2024

2023

2022

2021

2020

NIS million

Net profit attributed to shareholders of the Bank

2,371

2,172

1,667

1,405

750

Interest Income, net

4,740

4,966

3,803

2,794

2,637

Expenses (income) from credit losses

(16)

502

123

(216)

464

Total non-interest income

2,006

1,652

1,611

1,756

1,523

   Of which:  Fees

1,553

1,502

1,489

1,444

1,371

Total operating and other expenses

2,977

2,877

2,755

2,652

2,569

   Of which:  Salaries and related expenses

1,739

*1,766

*1,700

*1,621

*1,552

Primary net profit per share of NIS 0.05 par value (NIS)

23.63

21.65

16.62

14.00

7.48

Principal data from the balance sheet

2024

2023

2022

2021

2020

NIS million

Total assets

248,563

221,593

195,955

180,470

167,778

 of which: Cash and deposits with banks

77,175

68,866

57,130

57,370

57,802

                       Securities

34,396

26,985

16,010

15,091

13,105

                       Credit to the public, net

129,416

117,622

115,961

101,164

90,970

Total liabilities

234,479

208,947

184,920

170,033

158,243

   of which:   Deposits from the public

214,755

191,125

168,269

153,447

141,677

                       Deposits from banks

2,508

4,314

4,821

5,144

2,992

                       Bonds and subordinated capital notes

4,479

4,767

4,749

3,356

4,394

Capital attributed to the shareholders of the Bank

13,430

12,071

10,559

10,003

9,141

Additional data

2024

2023

2022

2021

2020

Share price (0.01 NIS)

17,940

14,990

13,900

12,950

8,514

Dividend per share (0.01 NIS)

986

795

942

543

125

Average number of positions (4)

3,555

3,634

3,676

3,715

3,895

*       Reclassified.

**     Restated in respect of the new disclosure format on non-accruing debts instead of impaired debts, since January 1, 2022. Comparative data for 2020 have not been restated.

(1)     The ratio is computed in respect of the three months ended at the end of the reporting period.

(2)    According to instructions of the Bank of Israel the Net stable funding ratio was calculated since 2021. Therefor no comparative data is stated.

(3)     Including provision in respect of off-balance sheet credit instruments.

(4)   The number of positions includes conversion of overtime in terms of positions.

 

STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31
(NIS million)

Consolidated

The Bank

2024

2023

2022

2024

2023

2022

Interest Income

11,097

9,850

5,161

10,506

9,317

4,833

Interest Expenses

6,357

4,884

1,358

6,251

4,801

1,339

Interest Income, net

4,740

4,966

3,803

4,255

4,516

3,494

Expenses (income) from credit losses

(16)

502

123

(23)

484

118

Net Interest Income after expenses from credit losses

4,756

4,464

3,680

4,278

4,032

3,376

Non-Interest Income

Non-Interest Financing income

432

142

113

432

161

111

Fees

1,553

1,502

1,489

1,387

1,348

1,331

Other income

21

8

9

78

62

66

Total non-Interest income

2,006

1,652

1,611

1,897

1,571

1,508

Operating and other expenses

Salaries and related expenses

1,739

*1,766

*1,700

1,620

*1,644

*1,582

Maintenance and depreciation of premises and equipment

359

*321

*312

334

*297

*288

Amortizations and impairment of intangible assets

134

122

113

133

120

111

Other expenses

745

668

630

717

642

604

Total operating and other expenses

2,977

2,877

2,755

2,804

2,703

2,585

Profit before taxes

3,785

3,239

2,536

3,371

2,900

2,299

Provision for taxes on profit

1,383

1,090

884

1,228

973

801

Profit after taxes

2,402

2,149

1,652

2,143

1,927

1,498

The bank’s share in profit of equity-basis investee, after taxes

74

113

74

228

245

169

Net profit:

Before attribution to non-controlling interests

2,476

2,262

1,726

2,371

2,172

1,667

Attributed to non-controlling interests

(105)

(90)

(59)

–

–

–

Attributed to shareholders of the Bank

2,371

2,172

1,667

2,371

2,172

1,667

Consolidated and The Bank

2024

2023

2022

Primary profit per share attributed to the shareholders of the Bank

NIS

Net profit per share of NIS 0.05 par value

23.63

21.65

16.62

*       Reclassified.

 

Tel-Aviv, March 11, 2025

 

 

STATEMENT OF COMPREHENSIVE INCOME 
FOR THE YEAR ENDED DECEMBER 31

(NIS million)

Consolidated

2024

2023

2022

Net profit before attribution to non-controlling interests

2,476

2,262

1,726

Net profit attributed to non-controlling interests

(105)

(90)

(59)

Net profit attributed to the shareholders of the Bank

2,371

2,172

1,667

Other comprehensive income (loss) before taxes:

Adjustments of available for sale bonds to fair value, net

31

213

(441)

Adjustments of liabilities in respect of employee benefits(1)

(60)

25

235

Other comprehensive income (loss) before taxes

(29)

238

(206)

Related tax effect

9

(81)

71

Other comprehensive income (loss) before attribution to non-controlling interests, after taxes

(20)

157

(135)

Less other comprehensive income (loss) attributed to non-controlling interests

3

9

(13)

Other comprehensive income (loss) attributed to the shareholders of the Bank, after taxes

(23)

148

(122)

Comprehensive income before attribution to non-controlling interests

2,456

2,419

1,591

Comprehensive income attributed to non-controlling interests

(108)

(99)

(46)

Comprehensive income attributed to the shareholders of the Bank

2,348

2,320

1,545

(1)   Mostly reflects adjustments in respect of actuarial assessments as of the end of the period regarding defined benefits pension plans, of
amounts recorded in the past in other comprehensive profit.

 

 

BALANCE SHEET AS AT DECEMBER 31
(NIS million)

Consolidated

The Bank

2024

2023

2024

2023

Assets

Cash and deposits with banks

77,175

68,866

76,194

67,472

Securities

34,396

26,985

31,996

25,940

Securities which were borrowed

70

57

70

57

Credit to the public

131,050

119,240

124,573

113,118

Provision for Credit losses

(1,634)

(1,618)

(1,533)

(1,520)

Credit to the public, net

129,416

117,622

123,040

111,598

Credit to the government

1,496

1,055

789

369

Investment in equity-basis investees

842

786

1,826

1,642

Premises and equipment

867

877

847

855

Intangible assets

363

328

360

324

Assets in respect of derivative instruments

2,565

3,651

2,565

3,651

Other assets(2)

1,373

1,366

1,290

1,293

Total assets

248,563

221,593

238,977

213,201

Liabilities and Shareholders’ Equity

Deposits from the public

214,755

191,125

207,007

184,082

Deposits from banks

2,508

4,314

4,091

6,344

Deposits from the Government

2,540

750

2,540

750

Securities lent or sold under agreements to repurchase

2,304

–

2,304

–

Bonds and subordinated capital notes

4,479

4,767

2,218

2,442

Liabilities in respect of derivative instruments

2,729

3,784

2,732

3,790

Other liabilities(1)(3)

5,164

4,207

4,655

3,722

Total liabilities

234,479

208,947

225,547

201,130

Capital attributed to the shareholders of the Bank

13,430

12,071

13,430

12,071

Non-controlling interests

654

575

–

–

Total equity

14,084

12,646

13,430

12,071

Total liabilities and shareholders’ equity

248,563

221,593

238,977

213,201

(1)     Of which: provisions for credit losses in respect of off-balance sheet credit instruments in the amount of NIS 177 million and NIS 165 million
(consolidated) and NIS 173 million and NIS 161 million (the Bank) as of December 31, 2024 and 2023, respectively.

(2)    Of which: other assets measured at fair value in the amount of NIS 1 million consolidated and the Bank (31.12.23 – NIS 10 million
consolidated and the Bank).

(3)     Of which: other liabilities measured at fair value in the amount of NIS 1 million consolidated and the Bank (31.12.23 – NIS 11 million
consolidated and the Bank).

 

STATEMENT OF CHANGES IN EQUITY
(NIS million)

Share capital
and premium (1)

Accumulated other
comprehensive
income (loss)

Retained
earnings(2)

Total share-
holders’
equity

Non- controlling
interests

Total equity

Balance as at January 1, 2022

927

(181)

9,213

9,959

430

10,389

Changes during 2022 –

Net profit for the year

–

–

1,667

1,667

59

1,726

Dividend

–

–

(945)

(945)

–

(945)

Other comprehensive loss, after tax effect

–

(122)

–

(122)

(13)

(135)

Balance as at December 31, 2022

927

(303)

9,935

10,559

476

11,035

Adjustment of the opening balance, net of tax, due to the effect of initial
implementation in investee company*

–

–

(10)

(10)

–

(10)

Balance as at January 1, 2023, following initial implementation

927

(303)

9,925

10,549

476

11,025

Changes during 2023 –

Net profit for the year

–

–

2,172

2,172

90

2,262

Dividend

–

–

(798)

(798)

–

(798)

Other comprehensive income, after tax effect

–

148

–

148

9

157

Balance as at December 31, 2023

927

(155)

11,299

12,071

575

12,646

Changes during 2024 –

Net profit for the year

–

–

2,371

2,371

105

2,476

Dividend

–

–

(989)

(989)

(29)

(1,018)

Other comprehensive income (loss), after tax effect

–

(23)

–

(23)

3

(20)

Balance as at December 31, 2024

927

(178)

12,681

13,430

654

14,084

*       Cumulative effect of the initial implementation of US accounting principles in the matter of financial instruments – credit losses (ASC-326).

(1)     Including share premium of NIS 313 million (as from 1992 onwards).

(2)    Including an amount of NIS 2,391 million which cannot be distributed as dividend.

 

Contact:
Dafna Zucker
First International Bank of Israel
zucker.d@fibi.co.il
+972-3-519-6224

 

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NexBank Partners with MaxMyInterest to Expand Customer Relationships Nationwide

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Max members can apply for new NexBank high-yield money market accounts in as little as 2 minutes.

DALLAS and PORTSMOUTH, N.H., Oct. 28, 2026 /PRNewswire/ — NexBank, the banking subsidiary of NexBank Capital, Inc. and the largest privately held bank based in Texas, today announced its partnership with MaxMyInterest (Max), an intelligent cash management service for individual investors and financial advisors.

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Risk Analytics Market worth $54.69 billion by 2031 – Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 28, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Risk Analytics Market is projected to grow from USD 35.68 billion in 2026 to USD 54.69 billion by 2031, at a CAGR of 8.9% during the forecast period.

Browse 350 market data Tables and 75 Figures spread through 420 Pages and in-depth TOC on ‘Risk Analytics Market – Global Forecast to 2031’

Risk Analytics Market Size & Forecast:

Market Size Available for Years: 2021–20312025 Market Size: USD 31.61 billion2026 Market Size: USD 35.68 billion2031 Projected Market Size: USD 54.69 billionCAGR (2026–2031): 8.9%

Risk Analytics Market Trends & Insights:

The market is driven by increasing adoption of predictive analytics, artificial intelligence, machine learning, quantitative risk modeling, fraud detection, stress testing, and integrated risk management platforms across banking, insurance, capital markets, and other industries.Software is estimated to account for 37.2% of the Risk Analytics Market in 2026.The technology risk segment is expected to register the fastest growth of 11.4% CAGR between 2026 and 2031.The healthcare & life sciences segment is expected to be the fastest-growing segment across the forecast period.North America is estimated to account for the largest regional share of 37.01% in 2026.

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The expansion of the Risk Analytics Market is influenced by various factors, including the growing frequency and complexity of global risks, the increasing demand for efficient decision-making tools in companies, and technological advancements like artificial intelligence (AI) and machine learning (ML). Organizations across sectors such as finance, healthcare, and manufacturing are using risk analytics to anticipate potential disruptions and ensure regulatory compliance. The growing reliance on big data, combined with the rise in IoT devices, has expanded the volume of data available for analysis, enabling more precise risk evaluations. Moreover, rising cyber threats, coupled with demand for robust cybersecurity strategies, are driving the need for risk management solutions. Additionally, the evolving landscape of climate-related risks and natural disasters is prompting organizations to integrate climate risk models into their assessments. Together, these factors underscore the need for comprehensive, timely risk management strategies, making risk analytics an essential resource in today’s business landscape.

By software type, the Governance, Risk, and Compliance (GRC) software segment is expected to account for the largest market share during the forecast period (2026–2031).

Governance, Risk, and Compliance (GRC) software dominates the Risk Analytics Market because it helps organizations meet stringent regulatory demands and follow internal policies. GRC software is designed to ensure that organizations operate within legal and ethical boundaries while minimizing compliance risks. As regulations grow more complex and sector-specific across regions, businesses increasingly adopt GRC solutions to automate compliance monitoring, maintain audit readiness, and ensure transparency. These systems provide real-time tracking and reporting, enabling organizations to quickly detect non-compliance or policy breaches and implement corrective measures. Moreover, GRC platforms can consolidate and standardize compliance processes across departments, improving efficiency and reducing the risk of human error. As firms face rising costs from regulatory fines and reputational damage, the importance of robust GRC systems continues to grow, reinforcing their dominance in the risk analytics sector.

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By risk type, strategic risk is projected to grow at the second-fastest rate in the Risk Analytics Market during the forecast period.

Strategic risk analytics is expected to gain importance as organizations address uncertainties related to market dynamics, competitive positioning, business diversification, and long-term sustainability. Increasing market volatility and interconnected business environments are driving the need to assess risks from market concentration, new product development, and expansion into unfamiliar markets. Digital transformation, evolving business models, and platform-based strategies also introduce interconnected risks that require systematic assessment and monitoring. Strategic initiatives such as mergers, partnerships, and business expansion can also expose organizations to financial, operational, and competitive uncertainties. Risk analytics supports these activities by enabling scenario analysis, predictive modeling, and data-driven evaluation of potential outcomes. These capabilities help organizations assess the implications of strategic decisions, identify emerging threats, and align risk management practices with business objectives.

By region, North America is estimated to account for the largest share of the Risk Analytics Market in 2026.

Regional demand is supported by the adoption of risk analytics across banking, insurance, healthcare, and other industries. Organizations in the region use these solutions for credit risk assessment, fraud detection, regulatory compliance, cybersecurity risk monitoring, and operational risk management. Regulatory frameworks, including Basel III and the Dodd-Frank Act, contribute to demand for risk measurement, reporting, and compliance solutions in the financial sector. The integration of artificial intelligence, machine learning, big data analytics, and cloud computing is expanding the application of risk analytics in risk identification, predictive modeling, and decision-making. The presence of established technology providers, financial institutions, and specialized analytics vendors also contributes to the development and adoption of risk analytics solutions across the region.

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Top Companies in Risk Analytics Market:

The Top Companies in Risk Analytics Market are Marsh McLennan (US), Aon (England), Deloitte (UK), Capgemini (France), Moody’s Analytics (US), IBM (US), Oracle (US), FIS (US), Lockton (US), SAS Institute (US), MetricStream (US), Milliman (US), and Protiviti (US).

Risk Analytics Market – Investment & funding + Merger & Acquisition

Investment And Funding Context

Investment activity in the Risk Analytics Market is increasingly focused on credit risk modeling, predictive analytics, regulatory compliance, fraud detection, and AI-enabled risk intelligence. In August 2026, ICRA Limited launched ICRA Risk & Analytics, bringing together ICRA Analytics, Fintellix, and D2K Technologies after completing acquisitions totaling USD 30.65 million. The platform was designed to address risk management, regulatory compliance, and data management requirements for financial institutions, regulators, and corporates.

Technology development and strategic collaborations also remained important in 2026. In April 2026, Moody’s announced the integration of its credit intelligence and analytical capabilities into Microsoft 365 Copilot workflows, expanding access to credit ratings, research, entity data, and related risk intelligence. In August 2026, Moody’s also announced that its intelligence was available through Google Cloud’s Gemini Enterprise for Financial Services. These developments show investment in integrating risk analytics with enterprise AI platforms rather than relying solely on standalone analytical systems.

Revenue Shift Context

Revenue generation in the Risk Analytics Market spans software subscriptions, analytical data, risk models, regulatory reporting solutions, and advisory services. Financial institutions and enterprises use these capabilities for credit assessment, market risk measurement, portfolio monitoring, fraud detection, and compliance management. In July 2026, FICO reported third-quarter fiscal 2026 revenue of USD 674.2 million, including USD 215.3 million from its Software segment, which covers analytics and digital decisioning technology. The company’s reported results demonstrate the commercial importance of software-based analytics and decisioning, although its total revenue also includes scoring solutions and should not be treated as Risk Analytics Market revenue alone.

Insurance-focused analytics also represents an important revenue source for providers serving property, casualty, and catastrophe risk applications. Verisk reported USD 806 million in revenue for the second quarter of 2026, up 4.3% year over year. However, this figure reflects company-wide revenue rather than revenue attributable exclusively to risk analytics. Accordingly, company financial results should be distinguished from revenue generated specifically within the Risk Analytics Market when evaluating competitive positions.

Mergers & Acquisitions

Direct mergers and acquisitions among pure-play risk analytics vendors remain selective, while strategic acquisitions and partnerships help companies expand their capabilities in risk modeling, financial data analytics, regulatory compliance, fraud detection, and enterprise risk management. Transactions and integrations in this market can strengthen proprietary data assets, analytical models, risk intelligence, and software capabilities. Companies also use acquisitions to expand their coverage of credit risk, insurance risk, operational risk, and regulatory reporting, enabling them to serve a broader range of financial institutions and enterprises.

Recent examples illustrate this trend. In July 2026, Moody’s expanded its partnership with Intapp by integrating credit risk assessments, entity screening, and ownership data into Intapp’s Celeste AI platform, supporting risk evaluation and due diligence workflows. In April 2026, Cartan Trade partnered with Moody’s to incorporate credit risk data, default-risk insights, beneficial ownership information, and media monitoring into its platform through APIs, supporting underwriting and credit-limit monitoring. In September 2026, Moody’s and Euler ILS Partners signed a multi-year agreement to use catastrophe risk models, cyber risk models, and exposure datasets for underwriting, portfolio management, and investment decisions in insurance-linked securities. These developments demonstrate how partnerships and integrations can expand access to risk intelligence, strengthen analytical workflows, and support risk assessment across credit, insurance, and catastrophe-related applications.

RISK ANALYTICS MARKET: MERGERS AND ACQUISITIONS, JANUARY 2026–OCTOBER 2026

Month & Year

Deal Type

Company 1

Company 2

Description

October 2026

Product Collaboration

Moody’s Analytics

Allvue Systems

The companies launched the EDF-X Private Credit Model, combining Moody’s credit risk modeling with Allvue’s private credit performance data to identify early indicators of borrower stress.

August 2026

Platform Launch Following Acquisitions

ICRA Limited

Fintellix and D2K Technologies

ICRA launched ICRA Risk & Analytics after completing acquisitions totaling INR 296.2 crore, consolidating its analytics, risk, and technology businesses under one platform.

August 2026

Strategic Integration

Moody’s

Google Cloud

Moody’s made its credit ratings, research, entity information, and risk intelligence available through Gemini Enterprise for Financial Services using its Credit Model Context Protocol server.

July 2026

Acquisition

Verisk

McKenzie Intelligence Services

Verisk announced the acquisition of McKenzie Intelligence Services to strengthen catastrophe preparation and response capabilities using geospatial intelligence and event-related analytics.

April 2026

Strategic Partnership / Integration

Moody’s

Microsoft

Moody’s expanded the integration of its credit intelligence, research, entity data, and analytical workflows into Microsoft 365 Copilot and related AI-powered enterprise tools.

Company Revenue Share Details

The top five companies account for approximately 32.6% of the Risk Analytics Market in 2025. The leading group comprises Marsh McLennan, Aon, Deloitte, Lockton, and Moody’s Analytics, reflecting their established presence across enterprise risk management, financial risk analytics, risk advisory, insurance analytics, and regulatory compliance. The leading companies differentiate themselves through their risk modeling capabilities, proprietary data assets, predictive analytics, credit risk assessment, and integration with enterprise risk management workflows. Marsh McLennan and Aon provide risk advisory and insurance-related analytics, while Deloitte and Lockton support organizations through risk consulting, exposure assessment, and mitigation strategies. Moody’s Analytics specializes in financial risk intelligence, credit risk modeling, economic forecasting, and stress testing. Other providers, including FICO, Verisk Analytics, SAS Institute, Oracle, and IBM, contribute to the competitive landscape through capabilities in credit scoring, insurance risk analytics, statistical modeling, and enterprise risk management.

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ManpowerGroup Elects Lidia Fonseca to its Board of Directors

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October 28, 2026

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MILWAUKEE, Oct. 28, 2026 /PRNewswire/ — ManpowerGroup (NYSE: MAN) today announced the election of Lidia Fonseca, former Executive Vice President and Chief Digital and Technology Officer at Pfizer, to its Board of Directors, effective November 1, 2026.

“Lidia brings a rare combination of technology leadership, business transformation experience and a clear understanding of how AI can create value at scale,” said Jonas Prising, ManpowerGroup Chair & CEO. “Her strategic perspective, operational expertise and track record of leading change strengthen our ability to evolve the business and advance our transformation strategy. We are pleased to welcome her to our Board.”

Fonseca served as Chief Digital and Technology Officer and Executive Vice President of Pfizer from January 2019 to April 2026, leading the company’s enterprise AI, digital, data and technology strategy, as well as Learning & Development, and Business Process Excellence. She built Pfizer’s enterprise AI program from inception, and scaled it across the enterprise, contributing to significant growth and cost savings. She currently serves as Senior Advisor to Pfizer’s Chief Executive Officer and serves on the Board of Directors of Medtronic plc.

Previously, Fonseca spent a decade in diagnostics as Senior Vice President and Chief Information Officer of Quest Diagnostics and, earlier, of LabCorp. She began her career in operations and executive leadership roles at Philips Healthcare. Fonseca holds a bachelor’s degree from the University of California, Berkeley, and an MBA and a Master of Business Informatics from Rotterdam School of Management at Erasmus University.

ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World’s Most Ethical Companies for the 17th time; all confirming our position as the brand of choice for in-demand talent.

For more information, visit www.manpowergroup.com, or follow us on LinkedIn, Facebook, and Bluesky.

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SOURCE ManpowerGroup

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