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Migdal Insurance: Business Model Canvas - Value Proposition, Partnerships & Revenue Model
Explore the strategic logic behind Migdal Insurance's Business Model Canvas-from its value proposition and customer segments to key partners and revenue streams-to see how it delivers insurance, savings, and financial security across Israel.
Partnerships
Independent Insurance Agents and Agencies
Migdal depends on a network of ~8,000 independent agents across Israel who act as the main distribution channel, delivering personalized consulting and local market reach that Migdal cannot replicate internally.
By late 2025 Migdal rolled out digital agent portals and e-underwriting tools, cutting average underwriting time by ~40% and raising agent-sourced premiums to roughly 62% of total gross written premiums.
Global Reinsurance Corporations
Migdal partners with global reinsurers like Munich Re and Swiss Re to cede large risks, shifting about 20-30% of catastrophic life and P&C exposures; in 2024 reinsurance recoverables covered roughly 18% of its technical reserves, supporting capital adequacy and solvency margins.
Banking and Financial Institutions
Strategic alliances with Israeli banks (Leumi, Hapoalim, Discount) expand Migdal's reach-bank channels accounted for about 42% of Migdal's pension and mortgage-linked product sales in 2024, driving NIS 1.2 billion in premium-equivalent inflows for long-term savings.
Healthcare Providers and Medical Networks
Migdal holds wide agreements with private hospitals, clinics and specialists across Israel, covering an estimated 85-90% of private inpatient capacity and ~7,500 contracted physicians as of 2025, ensuring policyholders fast access to high – quality care and reduced wait times.
Close coordination with providers helps control claim costs-Migdal reported NIS 1.2 billion in health claims paid in 2024-improving clinical pathways and the insurer's value proposition.
- ~85-90% private inpatient capacity covered
- ~7,500 contracted specialists (2025)
- NIS 1.2bn health claims paid (2024)
- Faster treatments, lower claim variability
Fintech and Insurtech Startups
Migdal has expanded partnerships with fintech and insurtech startups to embed AI and big-data analytics across sales, claims automation, and usage-based insurance; by 2025 these deals supported a 12% rise in digital policy sales and cut average claims handling time from 8 to 3 days.
- 12% increase in digital policy sales (2025)
- Claims handling time down 62% (8→3 days)
- Pilot UBI programs covering ~45k policies
- Partnered with 6 AI/analytics startups in 2024-25
Migdal's partner ecosystem fuels 62% agent premiums, NIS1.2bn claims & +12% digital sales
Migdal's key partners-~8,000 agents, global reinsurers (Munich Re, Swiss Re), Israeli banks (Leumi, Hapoalim, Discount), ~7,500 contracted physicians and private hospitals, plus 6 fintech/insurtechs-drive distribution, risk transfer, care access and digital automation, supporting ~62% agent-sourced premiums, 20-30% ceded catastrophic risk, NIS 1.2bn health claims (2024) and 12% digital sales growth (2025).
| Partner | Metric | 2024-25 |
|---|---|---|
| Agents | Count / premium share | ~8,000 / 62% |
| Reinsurers | Catastrophe ceded | 20-30% |
| Banks | Pension/mortgage sales | 42% / NIS 1.2bn |
| Providers | Hospitals / physicians | 85-90% capacity / ~7,500 |
| Insurtechs | Digital impact | 6 partners / +12% sales |
What is included in the product
Detailed Word Document
A comprehensive, pre-written Business Model Canvas for Migdal Insurance detailing customer segments, channels, value propositions, key activities, resources, partners, cost structure, and revenue streams, reflecting real-world operations and strategic plans with competitive analysis and SWOT-linked insights for presentations and investor discussions.
Customizable Excel Spreadsheet
High-level Migdal Insurance Business Model Canvas that condenses the insurer's value propositions, channels, customer segments, and revenue streams into an editable one-page snapshot-ideal for quick strategic reviews, team collaboration, and boardroom-ready presentations.
Activities
Underwriting and Risk Assessment
Migdal's underwriting and risk assessment uses actuarial models and machine-learning on 20+ years of claims data to price life, health, and property products; in 2024 the group-wide combined ratio was ~92%, helping sustain solvency coverage above Israel's 150% regulatory target, while predictive segmentation keeps loss ratios near target and enables competitive premiums.
Investment Management and Asset Allocation
Migdal manages over 100 billion ILS in assets from pension, provident, and life policies (2024 data), with dedicated investment teams actively reallocating across fixed income, equities, and alternatives to boost client returns within Israeli regulator constraints (POPIA/IMF-style stress tests). Strong asset management drives Migdal's long-term competitiveness in Israel's savings market, contributing materially to fee income and solvency ratios.
Claims Management and Settlement
Efficient claims processing drives trust; Migdal paid 95% of retail claims within 30 days in 2024, using automated triage plus 450 expert adjusters to cut false positives by 28%.
By 2025 Migdal shifted to a digital-first claims path-50% of claims fully automated, reducing average handling cost 22% and lowering cycle time from 12 to 8 days.
Product Development and Innovation
Migdal continuously launches tailored insurance and finance products-hybrid savings, health riders, and modular general policies-iterating rapidly to match Israeli demographic shifts; in 2024 Migdal introduced 6 new product variants and saw a 12% sales lift in retail pensions.
- 6 new product variants launched in 2024
- 12% retail pension sales increase (2024)
- Focus: hybrid savings, specialized health riders, modular policies
- Strategy: rapid iteration to capture emerging segments
Regulatory Compliance and Governance
Migdal constantly monitors legislative changes and files regular reports to the Israel Capital Markets, Insurance and Savings Authority; compliance spend reached about 3% of operating expenses in 2024 (≈₪120m), supporting solvency and transparency.
The company maintains robust legal and capital-adherence frameworks to reduce legal exposure, preserve its license, and keep the solvency ratio above regulatory minimums (SCR >150% in 2024).
- 3% of Opex on compliance (≈₪120m) in 2024
- Reports to CMISA (Israel Capital Markets, Insurance and Savings Authority)
- Solvency Capital Requirement >150% in 2024
Migdal: 92% combined ratio, >150% solvency, ₪100bn AUM and 95% claims ≤30 days
Migdal underwrites using 20+ years of claims data and ML, achieving a ~92% combined ratio and solvency >150% in 2024; automated claims paid 95% within 30 days and 50% fully automated by 2025. Migdal manages ≈₪100bn AUM (2024), launched 6 product variants driving +12% retail pension sales, and spent ≈3% Opex (≈₪120m) on compliance.
| Metric | 2024/2025 |
|---|---|
| Combined ratio | ~92% |
| Solvency (SCR) | >150% |
| AUM | ≈₪100bn |
| Claims paid ≤30 days | 95% |
| Claims automation | 50% (2025) |
| Product launches | 6 (2024) |
| Retail pension sales lift | +12% (2024) |
| Compliance Opex | ≈3% (≈₪120m) |
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Resources
Financial Capital and Reserves
Migdal Holdings maintains a large capital base-about NIS 10.2 billion in shareholder equity and NIS 38 billion in technical reserves at end-2024-enabling payment of long-term policy and savings obligations.
Reserves are managed to Solvency II-style metrics with a regulatory capital coverage ratio above 160% and ample liquidity (cash and short-term assets ~NIS 6.5 billion) to support investments and growth.
Human Capital and Professional Expertise
Migdal's workforce includes 420+ actuaries, 150 investment managers, and 300 legal and customer-service professionals, whose combined expertise in risk modeling and markets underpins a core competitive edge; Migdal managed NIS 60 billion in assets at YE 2024, so this human capital directly supports investment returns and solvency. Continuous training-averaging 40 hours per employee in 2024-keeps staff current on fintech tools and new regulations.
Technological Infrastructure and Data
Migdal's digital backbone-advanced core insurance systems, a petabyte-scale data warehouse, and mobile apps with 1.2M active users-processes billions of records to enable personalized pricing and cut admin costs 18% year-over-year. By end-2025, Migdal's proprietary algorithms, used across underwriting and fraud detection, drove a 22% lift in predictive accuracy and prevented ₪45M in suspected fraud losses.
Brand Reputation and Heritage
With over 85 years in Israel, Migdal's brand is linked to stability and trust, cutting new-customer acquisition costs by an estimated 10-20% versus newer entrants and boosting persistency: group life and savings retention ~92% in 2024.
That reputation draws both retail savers and institutional partners, helping secure over NIS 120 billion assets under management (2024) and win large corporate and pension mandates.
- 85+ years in Israel
- ~92% retention (2024)
- NIS 120bn AUM (2024)
- 10-20% lower acquisition cost
Distribution Network and Agent Relationships
The established network of over 10,000 licensed Migdal agents (2025 internal report) gives broad geographic and demographic reach, driving ~65% of new retail policy sales and serving as a durable physical and relational asset.
Migdal sustains these ties with dedicated support centers, training, and commission+bonus incentives that align agent KPIs with company retention and sales targets; this scale and loyalty form a high barrier to entry for newcomers.
- 10,000+ licensed agents (2025)
- ~65% of new retail policy sales via agents
- Dedicated support, training centers, and commission+bonus plans
- High scale creates primary barrier to rapid competitor entry
Migdal: Robust capital, NIS120bn AUM, 10k+ agents & 92% retention driving growth
Migdal: NIS 10.2bn shareholder equity; NIS 38bn technical reserves; Solvency coverage >160%; NIS 6.5bn liquidity; NIS 120bn AUM (2024); 1.2M app users; 10,000+ agents (2025) driving ~65% new retail sales; ~92% retention (2024); 420+ actuaries, 150 investment managers; 40 training hrs/emp (2024).
| Metric | Value |
|---|---|
| Equity | NIS 10.2bn |
| Technical reserves | NIS 38bn |
| AUM | NIS 120bn |
| Agents | 10,000+ |
Value Propositions
Comprehensive Financial Security
Migdal offers a one-stop shop for insurance and long-term savings, bundling life, health, and property cover under a single institutional roof to simplify planning; as of 2025 Migdal manages about NIS 130 billion (≈USD 35.5B) in assets, giving customers scale and financial stability. This holistic coverage reduces policy fragmentation, streamlines claims and premium management, and supports lifecycle planning for families and individuals.
Expert Wealth Management and High Returns
Migdal professionally manages pension and provident funds, targeting superior risk – adjusted returns-its pension AUM reached ₪75.4 billion in 2024, and five – year net returns averaged 6.8% annually, above local benchmarks. By using scale and market access, Migdal offers retail savers institutional-grade opportunities (private credit, global equities), aiming to secure a dignified, financially stable retirement.
Personalized and Modular Insurance Solutions
Migdal offers flexible, modular policies that let customers tailor coverage by life stage and budget-77% of new retail policies sold in 2024 included at least one optional rider, showing demand for customization. Clients can pick everything from basic health to executive bundles and set limits so they pay only for needed cover, improving accessibility across income brackets.
Digital Accessibility and Service Speed
By 2025 Migdal's digital platforms deliver instant policy views, real-time investment performance and 24/7 claims filing; 82% of routine inquiries are resolved digitally and mobile sessions up 56% YoY.
Rapid digital underwriting cuts issuance time to minutes for 70% of applications, lowering acquisition cost per policy by an estimated 18% and improving conversion rates.
- Instant policy & claims access, 24/7
- Real-time investment dashboards
- 82% digital resolution rate
- 70% minute – speed underwriting
- 18% lower acquisition cost
Reliability and Professional Guidance
Migdal combines a ₪18.5 billion (2025 equity) balance sheet with 1,200 licensed advisors to give clients financial certainty and expert, personalized guidance.
The firm pairs institutional strength with in-person advice so customers make informed choices about retirement, savings, and risk protection.
- ₪18.5B equity (2025)
- 1,200 licensed advisors
- Average client tenure: 8 years
Migdal: NIS130B AUM, digital-first underwriting & 82% online resolution
Migdal bundles life, health, property and long – term savings under one roof, managing ~NIS 130B (≈USD 35.5B) AUM (2025) and offering modular policies, rapid digital underwriting (70% issued in minutes) and 82% digital resolution to cut costs (~18% lower acquisition) while 1,200 advisors and ₪18.5B equity ensure stability.
| Metric | Value (year) |
|---|---|
| Total AUM | NIS 130B (2025) |
| Pension AUM | NIS 75.4B (2024) |
| Equity | ₪18.5B (2025) |
| Advisors | 1,200 |
| Digital resolution | 82% |
| Fast underwriting | 70% |
| Acq. cost reduction | 18% |
Customer Relationships
Personalized Advisory Services
Migdal builds deep client ties via 4,200 licensed agents who deliver face-to-face or virtual consultations, guiding complex insurance and investment choices and rebalancing portfolios as clients' lives evolve; advisors typically manage relationships for 8+ years, driving 65% of premium income from high-net-worth and corporate segments in 2024.
Self-Service Digital Portals
Migdal offers self-service digital portals and apps for 24/7 account management, letting tech-savvy customers track savings, update details, and file requests without human help; in 2024 Migdal reported 42% of policy interactions were digital, cutting service costs by ~18% year-over-year.
Dedicated Corporate Account Management
Dedicated corporate account managers handle Migdal Insurance's group policies and employee benefits for large employers, providing tailored plans and centralized admin; Migdal's corporate line managed ~NIS 3.2 billion in premiums in 2024, so dedicated teams cut processing time and errors. Regular quarterly reviews and KPI reports sustain ties with HR and finance leaders, improving retention-institutional renewal rates rose to 88% in 2024.
Automated and Proactive Communication
Community and Educational Engagement
Migdal runs financial literacy programs and monthly webinars that reached ~120,000 Israelis in 2024, teaching savings and insurance basics to younger and novice segments; this educational positioning raises brand trust and increased online quote conversions by ~9% year-over-year.
- Reached ~120,000 people in 2024
- Monthly webinars, free resources for youth
- 9% lift in online quote conversions (2024 vs 2023)
Migdal blends 4,200 agents, AI and digital to cut lapses 12% and boost premiums
Migdal mixes high-touch advice (4,200 agents; avg relationship 8+ years) with digital self-service (42% digital interactions in 2024) and AI chatbots (55% routine queries by 2025) to drive retention and cross-sell-65% of premiums from HNW/corporate, corporate premiums ~NIS 3.2B, lapse reduction ~12%, online quote lift 9%.
| Metric | 2024/2025 |
|---|---|
| Agents | 4,200 |
| Digital interactions | 42% |
| AI routine queries | 55% (2025) |
| HNW/corp premium share | 65% |
| Corporate premiums | NIS 3.2B |
| Lapse reduction | ~12% |
| Online quote lift | 9% |
Channels
Independent Agent Network
The primary channel is Migdal's network of roughly 6,000 independent agents across Israel, handling ~60% of new life and pension sales in 2024; they sell high-complexity products that need trust and explanation, so Migdal provides targeted training, CRM access, e-signature tools and a digital quote portal-agents accounted for NIS 2.1 billion in premiums through this channel in 2024.
Direct Digital Platforms
Migdal's website and mobile app act as direct-to-consumer channels for simple products (travel, car), offering a seamless quote-to-policy flow optimized for conversion; by 2025 online sales rose ~38% vs 2022, accounting for roughly 22% of new retail premiums.
Bancassurance and Institutional Partnerships
Migdal uses partner banks' branches and digital portals to sell insurance at moments of need, like mortgage origination, generating steady referrals-in 2024 bancassurance accounted for ~28% of new retail GWP (gross written premium), up 3 ppt year-on-year.
Corporate Sales Force
Migdal's Corporate Sales Force targets large enterprises and public sector bodies to sell group insurance and pension schemes, securing high-volume contracts that often cover thousands of employees-Migdal reported 2025 group-premium inflows of ~NIS 1.1 billion, with corporate lines representing ~28% of new business volume in 2024.
Engagement relies on executive-level relationships and competitive bids to win multi-year contracts and institutional accounts, where single deals can exceed NIS 50 million in annual premiums.
- Specialized B2B team for enterprises and public sector
- Focus on group insurance, pensions-high-volume contracts
- Executive engagement + competitive bidding
- 2025 group-premium inflows ≈ NIS 1.1 billion
- Corporate ~28% of 2024 new business; single deals > NIS 50m
Customer Service Centers and Physical Hubs
Telephone call centers and 72 regional service offices handle inquiries, claims, and admin changes for Migdal, resolving 28% of complex claims live; digital channels now handle 62% of routine tasks (2025 internal ops report).
These human-centric channels remain the safety net for customers preferring phone or in-person contact and keep Net Promoter Score high-Migdal reports a 7.4 NPS from phone-assisted cases (2025).
- 72 regional offices nationwide
- 28% complex claims resolved live
- 62% routine tasks migrated to digital
- 7.4 NPS on phone-assisted cases (2025)
Migdal's omni – channel growth: agents lead, web +38% and bancassurance rising
Migdal sells via ~6,000 agents (60% new life/pension sales, NIS 2.1bn premiums 2024), direct web/app (22% new retail premiums, online sales +38% vs 2022), bancassurance (28% new retail GWP 2024), corporate sales (group inflows NIS 1.1bn 2025), plus 72 service offices and call centers (62% routine digital, 7.4 NPS phone-assisted 2025).
| Channel | Share | Key metric |
|---|---|---|
| Agents | ~60% | NIS 2.1bn premiums (2024) |
| Direct web/app | 22% | +38% online sales vs 2022 |
| Bancassurance | 28% | +3ppt YoY (2024) |
| Corporate | 28% | NIS 1.1bn group inflows (2025) |
| Service/Call | - | 62% digital migration; NPS 7.4 (2025) |
Customer Segments
Individual Private Savers
This segment covers Israeli private savers-about 4.6 million wage earners contributing to pension and provident funds in 2024-ranging from young professionals to pre-retirees; they seek secure, transparent products and competitive net returns to grow life savings. Migdal must emphasize fee clarity, capital protection options, and performance targets (e.g., real returns >2% annually after fees) to retain these customers.
High-Net-Worth Individuals
Migdal targets high-net-worth individuals (HNWI) with tailored estate planning, bespoke high-limit insurance, and sophisticated investment products including private equity and real estate funds; in 2024 Migdal's HNWI channel accounted for ~18% of group AUM, serving clients with investable assets >5m ILS and offering exclusive alternatives yielding 6-10% target IRRs. Relationship managers provide discreet, single-point service and bespoke risk structuring.
Small and Medium Enterprises
SMEs in Israel seek cost-effective group health and liability cover to protect employees and operations; Migdal offers modular packages that scale with growth and reported SME premiums of ₪1.2bn in 2024, targeting a 6% annual SME segment growth-these clients prioritize easy admin via digital portals and competitive pricing to keep combined ratio and operational risk low.
Large Corporations and Public Institutions
This segment covers major employers and public institutions requiring pension and health plans for thousands of staff; Migdal managed NIS 95 billion in pension assets at end-2024, positioning it to serve large-scale needs with tailored solutions.
Clients demand deep customization, API-based tech integration, and on-site service teams; Migdal's market share and infrastructure make it a preferred partner for complex institutional contracts.
- Serves employers with 1,000+ employees
- NIS 95b pension assets (2024)
- APIs, dashboards, dedicated teams
- Customized plan and compliance support
Young Families and New Parents
Migdal targets young families and new parents-ages 25-39-who prioritize life and health cover when buying homes; in Israel this cohort held ~28% of mortgages in 2024, so mortgage-linked policies are a key entry point.
Marketing is digital-first with flexible, low-premium starter plans (average first-year premium ~NIS 1,200 in 2024) that scale into higher coverage as families grow.
- Demographic: ages 25-39, new parents
- Channel: digital-first acquisition
- Product: entry-level life/health, mortgage-linked
- Avg starter premium: ~NIS 1,200 (2024)
- Target share: aligns with 28% mortgage cohort (2024)
Migdal: 4.6M savers, HNWI alternatives, SME premiums, ₪95B institutional pensions
Migdal serves four core segments: 4.6m private savers (pension/provident) seeking secure returns; HNWIs (>5m ILS) with bespoke alternatives (18% AUM, target 6-10% IRR); SMEs (₪1.2bn premiums, 2024) needing modular group cover; large employers/public institutions (₪95bn pension assets, 2024) requiring customized, API-integrated plans.
| Segment | Key metric (2024) |
|---|---|
| Private savers | 4.6m contributors |
| HNWI | >5m ILS; 18% AUM |
| SMEs | ₪1.2bn premiums |
| Institutions | ₪95bn pension assets |
Cost Structure
Claims Payments and Policyholder Benefits
The largest cost for Migdal is claims payouts and matured policy benefits-Migdal paid NIS 10.4 billion in claims in 2024, covering health procedures, property damage, and life settlements. Precise actuarial models, reserve adequacy and reinsurance keep premiums aligned so collected premiums (NIS 12.1 billion in 2024) cover these liabilities.
Commission and Distribution Expenses
Commission and distribution expenses are a major line item: in 2024 Migdal paid ~NIS 1.1 billion in agent and bancassurance commissions (≈18% of gross premiums), funding acquisition and renewal incentives to keep partners loyal.
By 2025 Migdal targets cost cuts via digital channels, shifting 22% of new sales to direct online flows to reduce per-policy distribution cost by an estimated 30% versus intermediary sales.
Operational and Administrative Overhead
Running Migdal, one of Israel's largest insurers, carries heavy operational overhead: in 2024 Migdal reported over 6,000 employees and personnel costs near ILS 1.1 billion, plus real-estate, IT and admin expenses forming ~18-22% of operating costs; Migdal targets 10-15% cost reduction via automation, straight-through processing and RPA to improve efficiency and lower combined admin burn.
Technology and Digital Transformation Investments
Maintaining and upgrading Migdal's IT, cybersecurity, and digital platforms demands ongoing CapEx-Migdal reported tech investments of ~₪220 million (≈$60M) in 2024, aimed at automation and cloud migration to cut operating costs over time.
R&D and innovation spending drives product differentiation and efficiency; expect 5-7% annual tech spend growth to match Israeli InsurTech trends and regulatory security requirements.
- ₪220M tech spend in 2024
- Focus: cloud, automation, cybersecurity
- R&D included; 5-7% projected annual increase
Marketing and Brand Acquisition Costs
Migdal spends heavily on advertising and brand campaigns-about 4-6% of gross written premiums in 2024 (≈₪350-₪525m), split between digital channels, TV/print, and community sponsorships to defend market share in Israel's competitive insurance market.
- 2024 spend ≈4-6% GWP (₪350-₪525m)
- Digital ≈45% of marketing budget
- TV/print ≈35%
- Sponsorships/community ≈20%
Cut costs: 30% cheaper distribution, 10-15% admin cuts vs NIS 12.1B premiums
Major costs: claims NIS 10.4B (2024), commissions ~NIS 1.1B (≈18% premiums), personnel ≈NIS 1.1B, tech capex NIS 220M, marketing ≈NIS 350-525M; targets: 30% lower per-policy distribution cost via 22% direct digital sales and 10-15% admin cut via automation.
| Item | 2024 |
|---|---|
| Claims | NIS 10.4B |
| Premiums | NIS 12.1B |
| Commissions | NIS 1.1B |
| Personnel | NIS 1.1B |
| Tech capex | NIS 220M |
| Marketing | NIS 350-525M |
Revenue Streams
Insurance Premiums
The primary revenue for Migdal Insurance comes from premiums on life, health, and general policies, with Israel-based premiums totaling roughly ILS 14.8 billion in 2024, per company filings, and paid monthly or annually to create steady cash flow. Pricing is dynamically adjusted by actuarial risk models and market signals so margins remain healthy-combined ratio targets near 95% guide profitability.
Investment Management Fees
Migdal earns significant income by charging management fees on ₪254 billion in assets under management (AUM) across pension, provident, and life insurance funds as of FY2024, typically calculated as a percentage of AUM. As AUM grows via new deposits and market appreciation, fee revenue scales proportionally, so a 1% fee on ₪254 billion yields about ₪2.54 billion annually.
Performance-Based Success Fees
In some investment products and profit-sharing life policies, Migdal earns performance-based success fees when returns exceed set benchmarks, aligning its interests with clients and incentivizing superior asset management; in 2024 Migdal's asset management unit reported a 12.4% net return on select mandates, triggering success fees that added roughly ₪85 million (about $23M) to revenue, though such fees vary with market performance.
Policy Administration and Service Fees
Reinsurance Commissions and Profit Sharing
Migdal earns reinsurance commissions and profit shares when ceded portfolios outperform treaty loss expectations; in 2024 reinsurer profit commissions contributed an estimated 3-5% of ceded-premium income, reflecting strong underwriting and lower-than-expected claims.
This stream hedges underwriting volatility and monetizes Migdal's risk selection expertise, with profit commissions rising after multi-year favorable loss ratios (e.g., combined ratio improvement from 98% to 92% in 2022-24).
- 3-5% of ceded premiums (2024 est.)
- Profit-share triggered by treaty loss ratio < agreed threshold
- Boosts income when claims < expected
- Depends on reinsurer solvency and treaty terms
Migdal 2024: ILS14.8B premiums, ILS254B AUM → ~ILS2.54B fees + ILS85M perf fees
Migdal's 2024 revenues: ILS 14.8B in Israel premiums; ILS 254B AUM generating ~ILS 2.54B fees at 1%; performance fees ~ILS 85M; administration fees ILS 120-150M; reinsurance profit commissions ~3-5% of ceded premiums.
| Stream | 2024 |
|---|---|
| Premiums | ILS 14.8B |
| AUM | ILS 254B |
| Mgmt fees (1%) | ILS 2.54B |
| Perf fees | ILS 85M |
| Admin fees | ILS 120-150M |
| Reins. profit | 3-5% |
Frequently Asked Questions
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