Clal Insurance examined Value Base. Clal Insurance stock sits 10.56 percent below high
Published on 10/13/2026 at 10:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Clal Insurance examined an investment in Value Base at a NIS 600 million valuation on September 23, 2026.
- The proposed investment would cover 18-20 percent of Value Base for NIS 130-150 million.
- Clal Insurance stock was last at ILA 27,270.00 on TASE on October 13, 2026, 10.56 percent below its yearly high.
- First-half 2026 core income reached NIS 1.318 billion, while assets under management stood at NIS 456 billion.
Clal Insurance stock (ISIN IL0002240146) was last at ILA 27,270.00 on the Tel Aviv Stock Exchange at 10:55 a.m. IDT on October 13, 2026, placing it 10.56 percent below its 52-week high of ILA 30,490.00. On September 23, 2026, Globes reported that Clal Insurance had examined acquiring 18-20 percent of Value Base at a pre-money valuation of NIS 600 million.
Value Base deal remains exploratory
The proposed investment would require NIS 130-150 million, according to Globes. The report said negotiations were at an initial stage and that a full agreement had not been reached, keeping the transaction as a strategic option rather than a completed acquisition.
Value Base provides services linked to equity and debt offerings, share sales, mergers and acquisitions, and investment in public and private companies. For Clal Insurance, the proposal would broaden its exposure to investment banking and capital-market activity beyond its core insurance and savings operations.
First-half income supplies scale
Clal Insurance's investor-relations page reports NIS 1.318 billion in pre-tax core income for the first half of 2026 and NIS 1.050 billion in comprehensive income for the same period. The page also lists NIS 456 billion in assets under management as of June 2026, giving the Value Base proposal a small capital allocation relative to the group's broader platform.
The same investor-relations page lists a NIS 200 million 2026 interim dividend and a NIS 200 million buyback. It also reports a 14.0 percent return on equity for the Max credit-card business in the first half of 2026, highlighting the group's mix of insurance, savings, lending and payments activities. These figures make the proposed NIS 130-150 million investment equal to 9.87-11.38 percent of first-half pre-tax core income.
Three dated reporting milestones
On March 31, 2026, the investor-relations page listed an estimated solvency ratio of 180 percent during the transition period. For the first half of 2026, it reported NIS 1.318 billion in pre-tax core income, NIS 1.050 billion in comprehensive income and NIS 456 billion in assets under management. The September 23, 2026 Value Base disclosure then added a potential NIS 130-150 million investment at a NIS 600 million valuation.
What does the proposal add?
The transaction would connect Clal Insurance's institutional investment capabilities with an investment house serving public and private companies. The valuation figure and proposed ownership range matter because the investment would buy a minority position while leaving Value Base's operating platform outside Clal Insurance's consolidated insurance business.
TASE price and valuation
Clal Insurance was last at ILA 27,270.00 on the TASE on October 13, 2026 at 10:55 a.m. IDT. Its market capitalization was ILA 22.2 billion, and its 52-week range was ILA 15,480.00 to ILA 30,490.00.
Clal Insurance stock facts
- Company: Clal Insurance Enterprises Holdings Ltd.
- ISIN: IL0002240146
- Ticker: CLIS.TA
- Primary exchange: Tel Aviv Stock Exchange
- Primary-exchange price as of October 13, 2026, 10:55 a.m. IDT: ILA 27,270.00
- Market capitalization: ILA 22.2 billion as of October 13, 2026
- 52-week range: ILA 15,480.00-30,490.00 as of October 13, 2026
- Sector / Industry: Financials / Insurance
- Index membership: TA-35
Market context: Market report TA-35.
