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Migdal Insurance Reports Stable Profit and 22.4% Return on Equity in Q2

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Calcalist · 2 hours ago

What happened

Migdal Insurance posted a stable profit of about 575 million shekels in Q2 with a 22.4% return on equity, driven by growth in core profits and long-term savings despite challenges from declining interest rates. Managed assets reached 631 billion shekels, and CEO Ronen Agassi noted strong growth in premiums and fees, reinforcing Migdal's leading position in Israel's pension market.

01Migdal's Q2 profit rose slightly to 575 million shekels with a 22.4% return on equity.
02Core operating profit grew 5% to 731 million shekels, led by long-term savings and health insurance.
03Managed assets totaled 631 billion shekels, boosted by positive market returns and fund growth.
04Life insurance profit surged 379% despite a 5% drop in premiums compared to last year.
05Health and general insurance profits declined due to lower financial margins from falling interest rates.
06Pension and provident fund fees grew 13% and 41%, respectively, reflecting strong market trends.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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Ronen Agassi