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Full coverage· Economy· Updated

Migdal Insurance Reports 575 Million Shekel Profit in Q2 2026, Boosted by Pension Growth

Migdal Insurance posted a 575 million shekel net profit in Q2 2026, driven by strong pension and provident fund growth despite declines in health and motor insurance profits. The company plans to start cash dividends in 2027.

3 newsrooms · 1 language · since

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What happened

  1. 01Migdal's Q2 2026 net profit rose 1% to 575 million shekels year-over-year.
  2. 02First half 2026 profit increased 9% to 897 million shekels.
  3. 03Pension segment grew 16%, provident funds surged 38%, leading growth areas.
  4. 04Health insurance profits fell due to nursing claims and collective insurance losses.
  5. 05General insurance profits declined mainly from weaker motor insurance earnings.
  6. 06CEO Ronen Agassi aims to boost growth in general and personal insurance products.
Translated and summarized by baba from Maariv, the latest report. Read Maariv’s original

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