Migdal Insurance (MGDL) - Net Assets

Latest as of March 2026: ILA10.29 Billion ILA ≈ $27.57 Million USD

Based on the latest financial reports, Migdal Insurance (MGDL) has net assets worth ILA10.29 Billion ILA (≈ $27.57 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA245.70 Billion ≈ $658.72 Million USD) and total liabilities (ILA235.42 Billion ≈ $631.15 Million USD). 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. Check Migdal Insurance (MGDL) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	ILA10.29 Billion
% of Total Assets	4.19%
Annual Growth Rate	9.25%
5-Year Change	16.32%
10-Year Change	84.76%
Growth Volatility	16.78

Migdal Insurance - Net Assets Trend (2000–2025)

This chart illustrates how Migdal Insurance's net assets have evolved over time, based on quarterly financial data. See MGDL days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Migdal Insurance (2000–2025)

The table below shows the annual net assets of Migdal Insurance from 2000 to 2025. For live valuation and market cap data, see MGDL stock market capitalisation.

Year	Net Assets	Change
2025-12-31	ILA9.96 Billion ≈ $26.71 Million	+4.32%
2024-12-31	ILA9.55 Billion ≈ $25.60 Million	+11.06%
2023-12-31	ILA8.60 Billion ≈ $23.05 Million	+6.20%
2022-12-31	ILA8.10 Billion ≈ $21.71 Million	-5.46%
2021-12-31	ILA8.56 Billion ≈ $22.96 Million	+24.45%
2020-12-31	ILA6.88 Billion ≈ $18.45 Million	+8.46%
2019-12-31	ILA6.35 Billion ≈ $17.01 Million	+6.60%
2018-12-31	ILA5.95 Billion ≈ $15.96 Million	+0.76%
2017-12-31	ILA5.91 Billion ≈ $15.84 Million	+9.57%
2016-12-31	ILA5.39 Billion ≈ $14.46 Million	+3.12%
2015-12-31	ILA5.23 Billion ≈ $14.02 Million	-0.94%
2014-12-31	ILA5.28 Billion ≈ $14.15 Million	+2.68%
2013-12-31	ILA5.14 Billion ≈ $13.78 Million	+7.19%
2012-12-31	ILA4.80 Billion ≈ $12.86 Million	+5.64%
2011-12-31	ILA4.54 Billion ≈ $12.17 Million	-2.08%
2010-12-31	ILA4.64 Billion ≈ $12.43 Million	+14.38%
2009-12-31	ILA4.05 Billion ≈ $10.87 Million	+35.52%
2008-12-31	ILA2.99 Billion ≈ $8.02 Million	-11.65%
2007-12-31	ILA3.39 Billion ≈ $9.08 Million	+18.75%
2006-12-31	ILA2.85 Billion ≈ $7.64 Million	+5.85%
2005-12-31	ILA2.69 Billion ≈ $7.22 Million	+4.19%
2004-12-31	ILA2.58 Billion ≈ $6.93 Million	+6.95%
2003-12-31	ILA2.42 Billion ≈ $6.48 Million	+19.33%
2002-12-31	ILA2.03 Billion ≈ $5.43 Million	+4.16%
2001-12-31	ILA1.94 Billion ≈ $5.21 Million	+78.25%
2000-12-31	ILA1.09 Billion ≈ $2.92 Million	--

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 1131.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	ILA9.18 Billion	92.21%
Common Stock	ILA111.00 Million	1.12%
Other Comprehensive Income	ILA379.00 Million	3.81%
Other Components	ILA285.00 Million	2.86%
Total Equity	ILA9.95 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
Sweco AB (publ) ST:SWEC-B	$4.73 Billion
HUB24 Ltd AU:HUB	$4.74 Billion
FPT Corp VN:FPT	$4.74 Billion
USA Rare Earth, Inc. NASDAQ:USAR	$4.74 Billion
FORM.DE C.Y C.ADR 1/5/EO1 F:FCC0	$4.73 Billion
Zhejiang Huazheng New Material SHG:603186	$4.73 Billion
Suzhou HYC Technology Co Ltd SHG:688001	$4.73 Billion
PI Industries Limited NSE:PIIND	$4.72 Billion

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 2024 to 2025, total equity changed from 9,539,742,000 to 9,950,000,000, a change of 410,258,000 (4.3%).
Net income of 1,832,000,000 contributed positively to equity growth.
Other comprehensive income increased equity by 81,623,000.
Other factors decreased equity by 1,503,365,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	ILA1.83 Billion	+18.41%
Other Comprehensive Income	ILA81.62 Million	+0.82%
Other Changes	ILA-1.50 Billion	-15.11%
Total Change	ILA-	4.30%

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: 177.98x
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 675.91x to 177.98x 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	ILA1668.00	x
2005-12-31	ILA2.57	ILA1668.00	x
2006-12-31	ILA2.73	ILA1668.00	x
2007-12-31	ILA3.23	ILA1668.00	x
2008-12-31	ILA2.86	ILA1668.00	x
2009-12-31	ILA3.87	ILA1668.00	x
2010-12-31	ILA4.38	ILA1668.00	x
2011-12-31	ILA4.26	ILA1668.00	x
2012-12-31	ILA4.50	ILA1668.00	x
2013-12-31	ILA4.87	ILA1668.00	x
2014-12-31	ILA5.00	ILA1668.00	x
2015-12-31	ILA4.96	ILA1668.00	x
2016-12-31	ILA5.11	ILA1668.00	x
2017-12-31	ILA5.60	ILA1668.00	x
2018-12-31	ILA5.64	ILA1668.00	x
2019-12-31	ILA6.01	ILA1668.00	x
2020-12-31	ILA6.52	ILA1668.00	x
2021-12-31	ILA8.12	ILA1668.00	x
2022-12-31	ILA7.67	ILA1668.00	x
2023-12-31	ILA8.15	ILA1668.00	x
2024-12-31	ILA9.41	ILA1668.00	x
2025-12-31	ILA9.37	ILA1668.00	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): 18.41%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.28%
• Asset Turnover: 0.14x
• Equity Multiplier: 24.75x
Recent ROE (18.41%) is above the historical average (10.09%), indicating improving 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
2025	18.41%	5.28%	0.14x	24.75x	ILA837.00 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: $4,673,240,000
Average return on equity (ROE) among peers: -8.26%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Migdal Insurance (MGDL)	ILA10.29 Billion	20.75%	22.89x	$4.73 Billion
Clal Insurance Enterprises Holdings Ltd (CLIS)	$8.06 Billion	1.50%	16.94x	$5.07 Billion
Menora Miv Hld (MMHD)	$1.29 Billion	-18.02%	16.86x	$7.57 Billion

About Migdal Insurance

TA:MGDL Israel Insurance - Life

Market Cap

$4.73 Billion

ILA1.76 Trillion ILA

Market Cap Rank

#3759 Global

#22 in Israel

Share Price

ILA1668.00

Change (1 day)

-3.75%

52-Week Range

ILA770.00 - ILA2184.00

All Time High

ILA2184.00