Migdal Insurance and Financial Holdings Ltd. (TLV:MGDL)

TLV:MGDL Income Statement

Financials in millions ILS. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	11,424	11,005	11,696	11,562	12,440	12,240
Total Interest & Dividend Income	2,721	4,668	4,094	4,705	3,279	1,913
Gain (Loss) on Sale of Investments	17,462	15,445	10,351	-12,360	17,554	5,570
Other Revenue	267.62	521.62	461.53	494.2	401.02	377.39
Total Revenue	34,100	33,727	28,379	6,164	36,681	22,114
Revenue Growth (YoY)	114.78%	18.84%	360.42%	-83.20%	65.88%	-28.16%
Policy Benefits	29,046	29,019	24,069	2,133	31,482	18,170
Policy Acquisition & Underwriting Costs	2,033	2,033	1,963	1,829	1,747	1,860
Selling, General & Administrative	1,381	1,381	1,292	1,123	1,113	1,074
Other Operating Expenses	160	-	-	-	26.76	45.6
Total Operating Expenses	32,619	32,432	27,324	5,086	34,369	21,151
Operating Income	1,481	1,295	1,055	1,078	2,313	963.06
Interest Expense	-252.4	-240.4	-228.08	-209.94	-172.83	-173.09
Earnings From Equity Investments	1.97	1.97	-2.28	0.44	0.73	-1.49
Currency Exchange Gain (Loss)	30.17	30.17	84.36	187.64	-69.43	-217.18
Other Non Operating Income (Expenses)	-58.1	-58.1	-46.24	-20.26	0.33	-0.35
EBT Excluding Unusual Items	1,203	1,029	862.74	1,036	2,071	570.96
Impairment of Goodwill	-	-	-	-	-4.45	-0.49
Gain (Loss) on Sale of Assets	-2.43	-2.43	-8.59	-2.41	-3.04	-3.67
Asset Writedown	-16.89	-16.89	11.35	89.3	65.97	3.06
Pretax Income	1,183	1,009	865.5	1,123	2,130	569.85
Income Tax Expense	454.73	398.73	276.77	370.46	740.08	178.85
Earnings From Continuing Ops.	728.5	610.5	588.73	752.44	1,390	391
Minority Interest in Earnings	-2.34	-2.34	-1.55	-1.46	-1.99	-2.38
Net Income	726.16	608.16	587.18	750.97	1,388	388.63
Net Income to Common	726.16	608.16	587.18	750.97	1,388	388.63
Net Income Growth	-56.88%	3.57%	-21.81%	-45.89%	257.13%	-
Shares Outstanding (Basic)	1,055	1,054	1,054	1,054	1,054	1,054
Shares Outstanding (Diluted)	1,061	1,054	1,054	1,054	1,054	1,054
Shares Change (YoY)	-0.80%	-	-	-	-	-
EPS (Basic)	0.69	0.58	0.56	0.71	1.32	0.37
EPS (Diluted)	0.69	0.58	0.56	0.71	1.32	0.37
EPS Growth	-56.34%	3.57%	-21.81%	-45.89%	257.13%	-
Free Cash Flow	7,553	3,339	2,405	-2,888	7,084	-5,096
Free Cash Flow Per Share	7.12	3.17	2.28	-2.74	6.72	-4.83
Dividend Per Share	-	-	0.047	0.030	0.040	-
Dividend Growth	-	-	58.14%	-25.00%	-	-
Operating Margin	4.34%	3.84%	3.72%	17.49%	6.30%	4.35%
Profit Margin	2.13%	1.80%	2.07%	12.18%	3.78%	1.76%
Free Cash Flow Margin	22.15%	9.90%	8.47%	-46.85%	19.31%	-23.04%
EBITDA	1,548	1,325	1,108	1,259	2,504	1,154
EBITDA Margin	4.54%	3.93%	3.90%	20.42%	6.83%	5.22%
D&A For EBITDA	67.51	30.51	52.92	180.5	191.55	191
EBIT	1,481	1,295	1,055	1,078	2,313	963.06
EBIT Margin	4.34%	3.84%	3.72%	17.49%	6.30%	4.35%
Effective Tax Rate	38.43%	39.51%	31.98%	32.99%	34.75%	31.39%
Revenue as Reported	33,728	33,728	28,480	6,478	36,670	21,899

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.