Migdal Group

About Migdal Group

Migdal Group is the leading insurance and finance company in Israel. For over 80 years, Migdal has been providing a wide variety of insurance, pension and financial assets management services products in the long run. Migdal Group and its subsidiaries provide it's services to two million Individuals and business customers. As a leading company in the Israeli economy for 80 years, our role is to manage customer funds responsibly and provide economic security to approximately 2.3 million customers who have entrusted us with their insurance protection, pension savings and long-term investments. The group operates in the fields of insurance, pension and provident funds. The group's insurance activity is carried out through Migdal Insurance, and the group's pension and provident fund activity is carried out through subsidiaries of Migdal Insurance: Migdal Makkefat and Initiative for the Self-Employed. The group also holds insurance agencies, with the main holding being through Migdal Agencies. Migdal Insurance's parent company, Migdal Holdings Insurance and Finance Ltd., also operates in the financial services sector, primarily including financial asset management services (mutual fund management and portfolio management), as well as investment marketing and other activities: investment banking, distribution and nostro activities. Ownership of Migdal Holdings Insurance and Finance Ltd. is divided between: Eliyahu 1959 Ltd. (approximately 68.46%) and the public (approximately 31.54%). The company is rated 1Aa for financial strength (IFSR) by Midroog Ltd., which specializes in credit rating in the Israeli economy. The rating reflects, among other things, the company's position as a leader in the life insurance and long-term savings sector. Operational efficiency, a diversified business mix, high capital surplus relative to regulatory requirements, and the company's reputation among customers and insurance agents.