Migdal Insurance

TA:MGDL Israel Insurance - Life
Market Cap
$4.91 Billion
ILA1.83 Trillion ILA
Market Cap Rank
#21053 Global
#22 in Israel
Share Price
ILA1731.00
Change (1 day)
-3.57%
52-Week Range
ILA626.40 - ILA1935.00
All Time High
ILA1935.00
Categories
Companies in Israel Insurance - Life
About

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 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 ag… Read more

Migdal Insurance (MGDL) - Net Assets

Latest net assets as of September 2025: ILA9.53 Billion ILA

Based on the latest financial reports, Migdal Insurance (MGDL) has net assets worth ILA9.53 Billion ILA as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA241.69 Billion) and total liabilities (ILA232.16 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets ILA9.53 Billion
% of Total Assets 3.94%
Annual Growth Rate 9.46%
5-Year Change 38.76%
10-Year Change 82.64%
Growth Volatility 17.08

Migdal Insurance - Net Assets Trend (2000–2024)

This chart illustrates how Migdal Insurance's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Migdal Insurance (2000–2024)

The table below shows the annual net assets of Migdal Insurance from 2000 to 2024.

Year Net Assets Change
2024-12-31 ILA9.55 Billion +11.06%
2023-12-31 ILA8.60 Billion +6.20%
2022-12-31 ILA8.10 Billion -5.46%
2021-12-31 ILA8.56 Billion +24.45%
2020-12-31 ILA6.88 Billion +8.46%
2019-12-31 ILA6.35 Billion +6.60%
2018-12-31 ILA5.95 Billion +0.76%
2017-12-31 ILA5.91 Billion +9.57%
2016-12-31 ILA5.39 Billion +3.12%
2015-12-31 ILA5.23 Billion -0.94%
2014-12-31 ILA5.28 Billion +2.68%
2013-12-31 ILA5.14 Billion +7.19%
2012-12-31 ILA4.80 Billion +5.64%
2011-12-31 ILA4.54 Billion -2.08%
2010-12-31 ILA4.64 Billion +14.38%
2009-12-31 ILA4.05 Billion +35.52%
2008-12-31 ILA2.99 Billion -11.65%
2007-12-31 ILA3.39 Billion +18.75%
2006-12-31 ILA2.85 Billion +5.85%
2005-12-31 ILA2.69 Billion +4.19%
2004-12-31 ILA2.58 Billion +6.95%
2003-12-31 ILA2.42 Billion +19.33%
2002-12-31 ILA2.03 Billion +4.16%
2001-12-31 ILA1.94 Billion +78.25%
2000-12-31 ILA1.09 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Migdal Insurance's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 1088.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ILA8.86 Billion 92.85%
Common Stock ILA110.63 Million 1.16%
Other Comprehensive Income ILA297.38 Million 3.12%
Other Components ILA273.97 Million 2.87%
Total Equity ILA9.54 Billion 100.00%

Migdal Insurance Competitors by Market Cap

The table below lists competitors of Migdal Insurance ranked by their market capitalization.

Company Market Cap
Gabriel Holding
CO:GABR
 		$51.91 Million
Korea Cable T.V Chung-Buk System Co. Ltd.
KQ:066790
 		$51.91 Million
Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri AS
IS:VAKKO
 		$51.92 Million
Reach Subsea ASA
LSE:0EMB
 		$51.92 Million
BTCS INC. DL-001
F:BIC
 		$51.90 Million
Sarawak Plantation Bhd
KLSE:5135
 		$51.90 Million
Gold Rain Enterprises
TWO:4503
 		$51.90 Million
i-Scream Media CO., LTD.
KQ:461300
 		$51.90 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Migdal Insurance's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 8,588,722,000 to 9,539,742,000, a change of 951,020,000 (11.1%).
  • Net income of 608,160,000 contributed positively to equity growth.
  • Dividend payments of 55,000,000 reduced retained earnings.
  • Other comprehensive income increased equity by 297,377,000.
  • Other factors increased equity by 100,483,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ILA608.16 Million +6.38%
Dividends Paid ILA55.00 Million -0.58%
Other Comprehensive Income ILA297.38 Million +3.12%
Other Changes ILA100.48 Million +1.05%
Total Change ILA- 11.07%

Book Value vs Market Value Analysis

This analysis compares Migdal Insurance's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 183.86x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 701.43x to 183.86x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-12-31 ILA2.47 ILA1731.00 x
2005-12-31 ILA2.57 ILA1731.00 x
2006-12-31 ILA2.73 ILA1731.00 x
2007-12-31 ILA3.23 ILA1731.00 x
2008-12-31 ILA2.86 ILA1731.00 x
2009-12-31 ILA3.87 ILA1731.00 x
2010-12-31 ILA4.38 ILA1731.00 x
2011-12-31 ILA4.26 ILA1731.00 x
2012-12-31 ILA4.50 ILA1731.00 x
2013-12-31 ILA4.87 ILA1731.00 x
2014-12-31 ILA5.00 ILA1731.00 x
2015-12-31 ILA4.96 ILA1731.00 x
2016-12-31 ILA5.11 ILA1731.00 x
2017-12-31 ILA5.60 ILA1731.00 x
2018-12-31 ILA5.64 ILA1731.00 x
2019-12-31 ILA6.01 ILA1731.00 x
2020-12-31 ILA6.52 ILA1731.00 x
2021-12-31 ILA8.12 ILA1731.00 x
2022-12-31 ILA7.67 ILA1731.00 x
2023-12-31 ILA8.15 ILA1731.00 x
2024-12-31 ILA9.41 ILA1731.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Migdal Insurance utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 6.38%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.80%
  • • Asset Turnover: 0.15x
  • • Equity Multiplier: 23.02x
  • Recent ROE (6.38%) is below the historical average (9.70%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2004 20.75% 88.15% 0.01x 17.36x ILA276.85 Million
2005 20.84% 51.44% 0.02x 18.95x ILA290.77 Million
2006 19.72% 55.49% 0.02x 19.23x ILA276.80 Million
2007 18.72% 5.06% 0.20x 18.13x ILA294.88 Million
2008 -8.31% -6.76% 0.06x 20.13x ILA-546.74 Million
2009 17.64% 7.61% 2.32x 1.00x ILA309.52 Million
2010 16.85% 3.27% 0.29x 17.94x ILA317.41 Million
2011 6.50% 1.50% 0.23x 18.97x ILA-158.70 Million
2012 4.53% 0.82% 0.27x 20.22x ILA-262.24 Million
2013 12.02% 1.95% 0.29x 21.35x ILA103.87 Million
2014 8.00% 1.48% 0.24x 22.57x ILA-105.55 Million
2015 6.73% 2.28% 0.12x 24.18x ILA-170.74 Million
2016 3.77% 1.17% 0.13x 25.09x ILA-335.24 Million
2017 6.42% 1.59% 0.16x 25.02x ILA-210.98 Million
2018 7.06% 2.65% 0.10x 25.94x ILA-174.69 Million
2019 -1.97% -0.41% 0.18x 27.03x ILA-759.00 Million
2020 5.65% 1.77% 0.12x 26.46x ILA-299.04 Million
2021 16.22% 3.78% 0.18x 23.86x ILA532.14 Million
2022 9.28% 11.66% 0.03x 24.34x ILA-57.84 Million
2023 6.84% 2.06% 0.14x 23.85x ILA-271.69 Million
2024 6.38% 1.80% 0.15x 23.02x ILA-345.81 Million

Industry Comparison

This section compares Migdal Insurance's net assets metrics with peer companies in the Insurance - Life industry.

Industry Context

  • Industry: Insurance - Life
  • Average net assets among peers: $6,356,632,000
  • Average return on equity (ROE) among peers: 7.13%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Migdal Insurance (MGDL) ILA9.53 Billion 20.75% 24.36x $51.90 Million
Clal Insurance Enterprises Holdings Ltd (CLIS) $9.53 Billion 7.54% 16.86x $43.39 Million
Menora Miv Hld (MMHD) $3.19 Billion 6.73% 13.18x $81.86 Million