Clal Insurance Enterprises Holdings Ltd.: Company Profile and SWOT Analysis by WMIntelligence

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									Clal Insurance Enterprises Holdings Ltd.

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Clal Insurance Enterprises Holdings                                       Financial Snapshot

Ltd.                                                                      Operating Performance

Fast Facts                                                                The company reported revenue of US$4,060.64
                                                                          million during the fiscal year 2010 (2010). The
                                     48 Menachem Begin Way, Tel Aviv,     company's revenue grew at a CAGR of 18.96%
Headquarters Address
                                     66184,Israel                         during 2006–2010, with an annual decline of 13.35%
                                                                          over 2009. In 2010, the company recorded an
Telephone                            + 972 3 6387575
                                                                          operating margin of 6.10%, as against 2.70% in 2009.
Fax                                  + 972 3 6397011
                                                                          Revenue and Margins
Website                              N/A

Ticker Symbol, Stock Exchange        CLIS, Tel Aviv Stock Exchange

Number of Employees                  865

Fiscal Year End                      December

Revenue (in US$ million)             4,060.64

Revenue (in ILS million)             15,186.78




                                                                          Return on Equity
SWOT Analysis                                                             The company recorded a return on equity (ROE) of
                                                                          15.05% for 2010, as compared to its peers, Migdal
Strengths                            Weaknesses                           Insurance & Financial Holdings Ltd. (Ticker: MGDL),
                                                                          Harel Insurance Investments and Financial Services
Diversified product portfolio        Declining investment income          Ltd. (Ticker: HARL) and Old Mutual plc (Ticker: OML),
                                                                          which recorded ROEs of 16.85%, 14.81% and -2.46%
                                                                          respectively. The company reported an operating
Strong bottom line performance                                            margin of 6.10% in 2010.

Strong distribution network
                                                                          Return on Equity

Opportunities                        Threats
                                     Effects of governmental policy and
Aging population in the US
                                     regulations

Growing Insurance market in Israel   Increase in interest rates

Statutory requirements under
                                     Natural calamities
government laws




                                                                          Financial Leverage

                                                                          The company reported a debt to equity ratio of 0.08 in
                                                                          2010, as compared to its peers, Migdal Insurance &
                                                                          Financial Holdings Ltd., Harel Insurance Investments
                                                                          and Financial Services Ltd. and Old Mutual plc, which
                                                                          recorded debt to equity ratios of 0.00, 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, Migdal Insurance & Financial 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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Clal Insurance Enterprises Holdings Ltd. - SWOT                                                                   Page 1
Profile
Clal Insurance Enterprises 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 ........................................................................................................................................................14
    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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Clal Insurance Enterprises Holdings Ltd. - SWOT                                                                                                                             Page 2
Profile
Clal Insurance Enterprises 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 ..................................................................................................................................8
Table 5: History.....................................................................................................................................................................17
Table 6: Key Employees .......................................................................................................................................................18
Table 7: Key Employee Biographies ...........................................................................
								
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