Menora Mivtachim
Menora Mivtachim Holdings Ltd., together with its subsidiaries, operates in insurance and finance sectors in Israel. Based in Ramat Gan.
Menora Mivtachim: net income up (+12.0%), insurance result sharply up (+25.2%), management fee income up (+13.9%).
- Net income upH1 2026
Net income (attributable to shareholders): ₪1,253M, vs. ₪1,119M a year earlier, i.e. +12.0%.
- Insurance result sharply upH1 2026
Insurance service result: ₪945M, vs. ₪755M a year earlier, i.e. +25.2%.
- Management fee income upH1 2026
Management fee income: ₪655M, vs. ₪575M a year earlier, i.e. +13.9%.
- Equity upH1 2026
Equity: ₪9,916M, vs. ₪8,640M a year earlier, i.e. +14.8%.
Sector indicators
Solvency ratio: taken from the company's report at its next publication.
What the market pays, vs. the sector
This company's valuation multiples history is being built day by day from now on.
P/E calculated on net income (trailing 12 months: last fiscal year + H1 2026 − same period a year earlier). Sector median: companies in the Israeli insurers group tracked here. Prices: Yahoo Finance; market cap cross-checked with the Tel Aviv Stock Exchange for Israeli stocks. These ratios describe a price, not a value: none of them says whether the share is expensive or cheap.
Dividend per share, over 5 years
Total dividends per share paid each calendar year (5 year(s) out of 5 with a payment). Source: Yahoo Finance. The current year is not complete.
Trades by executives and interested parties
3 filing(s) over 12 months · on shares: 0 increase(s) and 0 decrease(s) in holdings.
| Date | Holder | Security | Direction | Quantity | Price | |
|---|---|---|---|---|---|---|
| 20/07/2026 | Irsai Shimon Executive | Options | Down | 751 | ₪455.90 | Maya › |
| 23/04/2026 | Ran Kalmi Executive | Options | Down | 4,896 | ₪477.97 | Maya › |
| 09/02/2026 | Irsai Shimon Executive | Options | Down | 16,907 | ₪440.19 | Maya › |
Filings submitted on Maya (executives, directors, shareholders above 5%). An increase or decrease in holdings may come from a purchase or sale on the exchange, but also from a grant or exercise of options (price "—": grant with no price). Bonds excluded. For details, see the filing on Maya.
P/E ranking
Menora Mivtachim is 2e Out of 5: one of the highest P/Es in the group.
- 1
Phoenix Financial13.0 - 2Menora Mivtachim12.4
- 3
Harel11.3 - 4
Migdal Insurance9.7 - 5
Clal Insurance8.9
P/E = market cap / net income over the last 12 months: how many years of earnings the market pays today. From highest to lowest; group median: 11.3. A high or low P/E alone does not say whether a share is expensive.
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Financial summary
| S1 2026 | S1 2025 | FY 2025 | |
|---|---|---|---|
| Total assets | 84,148 | 76,592 | 81,506 |
| Investments for unit-linked contracts | 36,957 | 33,797 | 35,771 |
| Other financial investments | 19,092 | 17,148 | 18,805 |
| Assets for unit-linked contracts | 40,271 | 37,036 | 38,669 |
| Equity | 9,916 | 8,640 | 9,449 |
| of which minority interests | 238 | 250 | 262 |
| Investment contract liabilities | 8,047 | 6,100 | 6,965 |
| Insurance contract liabilities | 50,191 | 48,044 | 49,742 |
| Insurance service result | 945 | 755 | 1,587 |
| Net investment income | 3,517 | 3,493 | 7,878 |
| Net finance income | 906 | 845 | 1,884 |
| Net insurance and investment result | 1,851 | 1,600 | 3,471 |
| Management fee income | 655 | 575 | 1,199 |
| Other operating expenses | 578 | 534 | 1,108 |
| Pre-tax income | 1,859 | 1,709 | 3,598 |
| Net income | 1,233 | 1,142 | 2,407 |
| Net income (attributable to shareholders) | 1,253 | 1,119 | 2,351 |
| Dividends paid | −507 | −150 | −600 |
| Operating cash flow | 380 | 1,282 | 2,227 |
In millions of shekels. The "H1" columns cover the first six months of the year.
Calculated from these figures
| S1 2026 | S1 2025 | FY 2025 | |
|---|---|---|---|
| Return on equity (annualized) | 25.9% | 26.7% | 25.6% |
| Equity / total assets | 11.8% | 11.3% | 11.6% |
The 5-year history, charts and cross-check models are coming for companies listed only in Tel Aviv: each new filing on Maya is kept and enriches the page.
Company overview
Menora Mivtachim Holdings Ltd., together with its subsidiaries, operates in insurance and finance sectors in Israel. It operates through Life Insurance and Long-Term Savings; Health Insurance; and Property and Casualty Insurance segments. The company offers mortgage, life, disability, health, critical illness, travel, personal accident, home, business, car, comprehensive car, third party, compulsory car, casual driver, truck, motorcycle, executive, foreign workers and tourists, cyber, and engineering insurance products; and pension, provident, and training funds. It also engages in the provision of securities distribution and underwriting obligations, insurance brokerage, financing and credit to SMEs, and undertakings for repayment of means of payment, as well as real estate investments, and solar activities. Menora Mivtachim Holdings Ltd. was formerly known as General Liability Office Ltd. and changed its name to Menora Mivtachim Holdings Ltd. in 2006.
Source: official company profile (Yahoo Finance), summary. Website: www.menoramivt.co.il
- Maya, Tel Aviv Stock Exchange: company page and reports