Migdal Group is the leading insurance and finance company in Israel. For over 80 years, Migdal has been providing a wide variety of insurance, pension, and financial assets management services products in the long run. Migdal Group and its subsidiaries provide its services to two million individuals and business customers. Migdal Group sees itself as having a central role in a healthy and stable society. As a leading company in the Israeli economy for 80 years, our role is to manage clients' funds responsibly and provide financial security to approximately 2.3 million clients who have entrusted us with insurance protection, pension savings, and long-term investments. The group operates in the fields of insurance, pensions, and provident funds. The group's insurance activity is carried out through Migdal Insurance, and the group's pension and provident fund activities are conducted through the subsidiaries of Migdal Insurance: Migdal Makpet and Initiative for Self-Employed. The group also holds insurance agencies, with the main holding being through Migdal Agencies. The parent company of Migdal Insurance, Migdal Holdings Insurance and Finance Ltd., also operates in the field of financial services, which mainly includes financial asset management services (mutual fund management and portfolio management) as well as marketing for investments and other activities: investment banking, distribution, and Nostro activities. The ownership of "Migdal Holdings Insurance and Finance Ltd." is divided between: Eliyahu 1959 Ltd. (approximately 68.46%) and the public (approximately 31.54%). The company is rated 1AA for financial stability (IFSR) by Midroog Ltd., which specializes in credit ratings in the Israeli economy. The rating reflects, among other things, the company's position as a leader in the life insurance and long-term savings sector, operational efficiency, a diversified business mix, a high capital surplus relative to regulatory requirements, and the company's reputation in the eyes of clients and insurance agents.
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