Migdal Insurance & Financial, IL0010811656

Migdal Insurance stock sits 13.52 percent below its yearly high

Published on 10/15/2026 at 09:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eliahu became acting CEO on October 8, 2026. For Migdal Insurance stock, second-quarter net income reached ILS 574.0 million.

Leadership and earnings context

Shlomo Eliahu became acting CEO on October 8, 2026.
Second-quarter net income reached ILS 574.0 million on June 30, 2026.
Market capitalization stood at ILS 20.2 billion as of October 15, 2026.

Migdal Insurance & Financial, IL0010811656, Illustration mit AI erstellt.

Migdal Insurance and Financial Holdings (ISIN IL0010811656) had ILS 574.0 million in net income for the second quarter of 2026. The result gives investors an operating reference as controlling shareholder Shlomo Eliahu took over as acting CEO on October 8, 2026, according to Yahoo Finance.

Three events shape the picture

The recent chronology connects earnings, portfolio activity and management. On June 30, 2026, Migdal reported second-quarter net income of ILS 574.0 million. On September 25, 2026, the insurer sold ILS 125.0 million of Shufersal shares and reduced its holding below 5.00 percent, as WireIsrael.com reported. On October 8, 2026, Eliahu became acting CEO, a move covered by Simply Wall St.

What does control mean for earnings?

The leadership change matters because Eliahu now combines controlling ownership with day-to-day management. Simply Wall St described the shift as increasing the influence of ownership over costs, product mix, risk appetite and capital allocation. Its valuation discussion put the stock at a price-to-earnings ratio of 10.70 times and cited an estimated value of ILS 21.93, figures dated October 14, 2026.

The earnings base provides a counterweight to the governance question. The second-quarter revenue figure was ILS 14.1 billion, while net income reached ILS 574.0 million. Compared with the first quarter's ILS 321.0 million net income, second-quarter profit was ILS 253.0 million higher. That comparison describes the reported sequence, not a forecast.

Stock stays below its yearly high

Migdal Insurance and Financial Holdings was last at ILA 1,906.00 on TASE on October 15, 2026 at 10:38 a.m. IDT. The 52-week range was ILA 1,036.00 to ILA 2,204.00, and the market capitalization was ILS 20.2 billion as of October 15, 2026. The company provides insurance, pension and financial services in Israel.