Migdal Insurance & Financial, IL0010811656

Ctech cites a 355.00 percent gain for Migdal Insurance stock

Published on 10/08/2026 at 13:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income reached ILS 574.0 million. Migdal Insurance stock sat 15.52 percent below its ILA 2,204.00 high on October 8, 2026.

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

Migdal Insurance and Financial stock (ISIN IL0010811656) had gained 355.00 percent since the start of the war, a figure cited by Ctech on October 7, 2026. The long-term performance figure gives the latest market context for an insurer whose recent activity has also included property investment and legal exposure.

Three dated events shape the picture

On September 10, 2026, Migdal Insurance and Financial Holdings agreed to acquire a 50.00 percent stake in three long-term rental projects from Prashkovsky for ILS 697.0 million, covering 779 apartments, according to Real Estate in Israel.

On September 23, 2026, WireIsrael reported that Migdal's expected share of a proposed delayed-payout settlement was ILS 56.953 million, subject to court approval. On October 7, 2026, Ctech placed Migdal's 355.00 percent gain since the start of the war alongside the performance of Israel's major insurance groups.

What changed in the second quarter?

The latest quarterly figures point to a sharp sequential improvement in earnings. Investing.com reported second-quarter 2026 net income of ILS 574.0 million, compared with ILS 321.0 million in the first quarter, while revenue rose from ILS 3,034.0 million to ILS 3,181.0 million.

The comparison matters because the earnings improvement came with a wider revenue base rather than a standalone profit figure. The second-quarter earnings per share was ILS 0.54, according to the same Investing.com financial summary, giving investors a dated measure of profitability alongside the market valuation.

Rental assets add a second earnings angle

The September transaction gives Migdal exposure to three different development stages. The Lod project contains 286 occupied apartments, the Be'er Ya'akov project has 298 apartments under construction, and the Ramat Gan project is at the land stage, according to Real Estate in Israel.

That mix affects the timing of potential rental income. One project is already operational, while the other two still depend on construction, approvals and planning progress, making the ILS 697.0 million commitment a portfolio allocation rather than an immediate earnings contribution.

Stock remains below its yearly high

MGDL.TA was trading at ILA 1,862.00 on the Tel Aviv Stock Exchange on October 8, 2026 at 2:41 p.m. IDT. The quote was unchanged on the session, while the 52-week range was ILA 1,036.00 to ILA 2,204.00, leaving the stock 15.52 percent below its high and giving the company a market capitalization of ILA 19.7 billion.

Migdal's latest market profile identifies the security as MGDL.TA on Tel Aviv with an insurance and financial-services classification, while the TASE component data assigns the company to the TA-AllShare index. The combination of a 355.00 percent long-term gain, ILS 574.0 million quarterly net income and the legal and property developments leaves earnings quality and capital allocation as the key factual themes.

Market context: Market report TA-35.