Migdal Insurance and Financial Holdings Ltd. (tase: MGDL) is an Israeli public holding company that owns a number of companies operating in the insurance and financial services sectors, primarily the Migdal Insurance Company.[1] The company was founded in August 1974. Since 1997, the company's shares have been traded on the Tel Aviv Stock Exchange and are included in the TA-125 Index.
History
In September 1996, Migdal made its initial public offering on the Tel Aviv Stock Exchange, selling 20% shares stake.
The main subsidiary of Migdal Insurance and Financial Holdings is Migdal Insurance Company (known by its abbreviated name Migdal, above), which deals in a variety of types of insurance: life insurance, property insurance, health insurance, and more. Other prominent subsidiaries, held by Migdal Holdings since 2001, are the investment house Migdal Capital Markets and "Migdal Health and Quality of Life Ltd." The subsidiaries hold many subsidiaries of their own.
In March 2012, Assicurazioni Generali agreed to sell all of its holdings in Migdal Insurance and Finance Holdings Ltd. to Shlomo Eliahu, and this agreement was completed in October 2012.[2]