Migdal Insurance
Migdal Insurance and Financial Holdings Ltd., together with its subsidiaries, provides insurance, pension, and financial services for private and corporate customers in Israel. Based in Petah Tikva.
Migdal Insurance: net income up (+8.6%), management fee income sharply up (+19.9%), insurance result down (−13.6%).
- Net income upH1 2026
Net income (attributable to shareholders): ₪895M, vs. ₪824M a year earlier, i.e. +8.6%.
- Management fee income sharply upH1 2026
Management fee income: ₪640M, vs. ₪534M a year earlier, i.e. +19.9%.
- Insurance result downH1 2026
Insurance service result: ₪688M, vs. ₪796M a year earlier, i.e. −13.6%.
- Equity sharply upH1 2026
Equity: ₪10,862M, vs. ₪8,999M a year earlier, i.e. +20.7%.
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 (3 year(s) out of 5 with a payment). Source: Yahoo Finance. The current year is not complete.
Trades by executives and interested parties
7 filing(s) over 12 months · on shares: 0 increase(s) and 2 decrease(s) in holdings.
| Date | Holder | Security | Direction | Quantity | Price | |
|---|---|---|---|---|---|---|
| 14/10/2026 | David Gilad Executive | Options | Up | 204,259 | — | Maya › |
| 13/10/2026 | David Gilad Executive | Shares | Down | 36,588 | ₪18.94 | Maya › |
| 12/10/2026 | David Gilad Executive | Shares | Down | 15,000 | ₪18.62 | Maya › |
| 11/10/2026 | David Gilad Executive | Options | Down | 147,306 | — | Maya › |
| 07/07/2026 | Ronen Agassi Executive | Options | Up | 749,054 | — | Maya › |
| 06/07/2026 | Ronen Agassi Executive | Options | Down | 2,401,715 | — | Maya › |
| 14/04/2026 | Yanai Itai Executive | Options | Up | 44,346 | — | 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
Migdal Insurance is 4e Out of 5: a P/E in the middle of the group.
- 1
Phoenix Financial13.0 - 2
Menora Mivtachim12.4 - 3
Harel11.3 - 4Migdal 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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Join the TA-125 groupDetailed figures and history
Financial summary
| S1 2026 | S1 2025 | FY 2025 | |
|---|---|---|---|
| Total assets | 256,341 | 236,028 | 246,301 |
| Investments for unit-linked contracts | 136,251 | 126,994 | 131,646 |
| Other financial investments | 68,064 | 62,672 | 65,233 |
| Assets for unit-linked contracts | 175,528 | 161,055 | 168,213 |
| Equity | 10,862 | 8,999 | 9,962 |
| of which minority interests | 14 | 12 | 12 |
| Investment contract liabilities | 15,201 | 9,020 | 12,174 |
| Insurance contract liabilities | 213,604 | 203,378 | 210,041 |
| Insurance service result | 688 | 796 | 1,401 |
| Net investment income | 11,635 | 11,871 | 25,660 |
| Net finance income | 844 | 668 | 1,848 |
| Net insurance and investment result | 1,532 | 1,464 | 3,249 |
| Management fee income | 640 | 534 | 1,123 |
| Other operating expenses | 809 | 784 | 1,623 |
| Pre-tax income | 1,424 | 1,257 | 2,820 |
| Net income | 897 | 826 | 1,834 |
| Net income (attributable to shareholders) | 895 | 824 | 1,832 |
| Dividends paid | 0 | 0 | 0 |
| Operating cash flow | 284 | 3,171 | 5,597 |
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) | 16.5% | 18.3% | 18.4% |
| Equity / total assets | 4.2% | 3.8% | 4.0% |
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
Migdal Insurance and Financial Holdings Ltd., together with its subsidiaries, provides insurance, pension, and financial services for private and corporate customers in Israel. The company deals with and manages pension plans, life and health insurance products, pensions, and financial business plans; and provides personal accident and mortgage insurance solutions, and savings, as well as insurance agency services. It also operates nostro accounts and manages financial assets, including mutual funds and portfolios, as well as engages in the investment banking and distribution activities. The company was founded in 1934 and is based in Petah Tikva, Israel.
Source: official company profile (Yahoo Finance), summary. Website: www.migdal.co.il
- Maya, Tel Aviv Stock Exchange: company page and reports