Migdal Insurance and Financial Holdings Ltd.

MGDLTASEIL0010811656₪20B

Investment Thesis

Generates revenue primarily from life insurance and long-term savings products, combining premium income, management fees and investment income from policyholder and proprietary assets. Additional revenue comes from health and general insurance underwriting, asset management and securities services, and insurance agency commissions.

Geographic Exposure

IsraelN/A

Revenue Drivers

Life insurance & long-term savings

Life, pension and provident savings plus related risk coverages.

CORE83.95%

Health insurance

Medical expense, surgery, nursing care and dental insurance coverage.

PERIPHERAL7.1%

General insurance

Motor, property and liability insurance underwriting.

PERIPHERAL6.57%

Insurance agencies commissions

Distribution and brokerage of insurance products via owned agencies.

PERIPHERAL1.46%

Financial services & asset management

Mutual fund and portfolio management plus securities services.

PERIPHERAL0.92%

End Markets

Individual policyholders and households
Employees and self-employed pension savers
Employers sponsoring pension and insurance plans
SMEs and corporates buying property and liability cover
Investors in mutual funds and managed portfolios

Specializations

Reinsurance programs (proportional and excess-of-loss)Actuarial reserving and liability adequacy testing (LAT)Mutual fund management (traditional, money market, index, ETFs)Portfolio management and investment marketingSecurities market makingLong-term retirement savings product administration

Activities

Insurance underwriting and policy administration
Pension/provident fund administration and long-term savings management
Investment management and asset-liability management
Claims handling and customer service
Distribution through owned agencies and third-party agents/banks/direct channels