Migdal Insurance & Financial Holdings Ltd.: Company Profile and SWOT Analysis by WMIntelligence

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WMI's 'Migdal Insurance & Financial Holdings Ltd.: Company Profile and SWOT Analysis' report utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format.

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									Migdal Insurance & Financial Holdings Ltd.

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Migdal Insurance & Financial                                                        Financial Snapshot

Holdings Ltd.                                                                       Operating Performance

Fast Facts                                                                          The company reported revenue of US$4,365.22
                                                                                    million during the fiscal year 2010 (2010). The
                                                                                    company's revenue grew at a CAGR of 20.34%
Headquarters Address                 26 Sa'adia Ga'on St., Tel Aviv, 67135,Israel
                                                                                    during 2006–2010, with an annual decline of 15.12%
                                                                                    over 2009. In 2010, the company recorded an
Telephone                            + 972 3 563 79 62
                                                                                    operating margin of 6.69%, as against 4.48% in 2009.
Fax                                  + 972 3 561 2761
                                                                                    Revenue and Margins
Website                              www.migdal.co.il

Ticker Symbol, Stock Exchange        MGDL, Tel Aviv Stock Exchange

Number of Employees                  3,892

Fiscal Year End                      December

Revenue (in US$ million)             4,365.22

Revenue (in ILS million)             16,325.91




                                                                                    Return on Equity
SWOT Analysis                                                                       The company recorded a return on equity (ROE) of
                                                                                    16.85% for the fiscal year 2010, as compared to its
Strengths                            Weaknesses                                     peers, Clal Insurance Enterprises Holdings Ltd.
                                                                                    (Ticker: CLIS), Harel Insurance Investments and
Diversified business operations      Lawsuit                                        Financial Services Ltd. (Ticker: HARL) and Old
                                                                                    Mutual plc (Ticker: OML), which recorded ROEs of
                                                                                    15.05%,     14.81%     and   -2.46%    respectively.
Strong bottom-line performance       Weak top-line performance                      Furthermore, the company reported an operating
                                                                                    margin of 6.69% in 2010.
Strong support from parent company
                                                                                    Return on Equity
Opportunities                        Threats

Acquisition of Natali Seculife       Catastrophic losses

Growing Insurance market in Israel   Increase in interest rates

                                     Stringent regulations




                                                                                    Financial Leverage

                                                                                    The company reported a debt to equity ratio of 0.00 in
                                                                                    2010, as compared to its peers, Clal Insurance
                                                                                    Enterprises    Holdings    Ltd.,  Harel    Insurance
                                                                                    Investments and Financial Services Ltd. and Old
                                                                                    Mutual plc, which recorded debt to equity ratios of
                                                                                    0.08, 0.00 and 0.47 respectively.Furthermore, in
                                                                                    2010, the company recorded a debt to capital ratio of
                                                                                    0.00, as compared to its peers, Clal Insurance
                                                                                    Enterprises    Holdings    Ltd.,  Harel    Insurance
                                                                                    Investments and Financial Services Ltd. and Old
                                                                                    Mutual plc, which recorded debt to capital ratios of
                                                                                    0.00, 0.00 and 0.02 respectively.




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Migdal Insurance & Financial Holdings Ltd. - SWOT                                                                           Page 1
Profile
Migdal Insurance & Financial Holdings Ltd.

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators ...................................................................................................................9
      2.2.1       Total Revenues and Operating Profit ................................................................................................................9
      2.2.2       Total Premiums Earned ...................................................................................................................................10
      2.2.3       Asset, Liabilities and Capex .............................................................................................................................11
    2.3       Key Competitors ...................................................................................................................................................12
3     Mergers & Acquisitions and Partnerships ........................................................................................... 13
    3.1       M&A and Partnerships Strategy ...........................................................................................................................13
4     SWOT Analysis ...................................................................................................................................... 14
    4.1       SWOT Analysis - Overview ..................................................................................................................................14
    4.2       Strengths ..............................................................................................................................................................14
    4.3       Weaknesses .........................................................................................................................................................14
    4.4       Opportunities ........................................................................................................................................................15
    4.5       Threats .................................................................................................................................................................15
5     Company Statement .............................................................................................................................. 16
6     History .................................................................................................................................................... 17
7     Key Employees ...................................................................................................................................... 18
8     Key Employee Biographies................................................................................................................... 20
9     Locations and Subsidiaries .................................................................................................................. 21
    9.1       Head Office ..........................................................................................................................................................21
    9.2       Other Locations and Subsidiaries ........................................................................................................................21
10    Appendix ................................................................................................................................................ 22
    10.1      Methodology .........................................................................................................................................................22
    10.2      Ratio Definitions ...................................................................................................................................................22
    10.3      Disclaimer.............................................................................................................................................................26




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Migdal Insurance & Financial Holdings Ltd. - SWOT                                                                                                                           Page 2
Profile
Migdal Insurance & Financial Holdings Ltd.

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List of Tables

Table 1: Major Products and Services....................................................................................................................................6
Table 2: Key Ratios - Annual ..................................................................................................................................................7
Table 3: Key Ratios - Interim ..................................................................................................................................................8
Table 4: Key Capital Market Indicators ........................................................................................................
								
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