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

TLV:MGDL Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	11,005	11,696	11,562	12,440	12,240
Total Interest & Dividend Income	-	4,094	4,705	3,279	1,913
Gain (Loss) on Sale of Investments	-	10,351	-12,360	17,554	5,570
Other Revenue	20,635	461.53	494.2	401.02	377.39
Total Revenue	33,728	28,379	6,164	36,681	22,114
Revenue Growth (YoY)	18.85%	360.42%	-83.20%	65.88%	-28.16%
Policy Benefits	29,019	24,069	2,133	31,482	18,170
Policy Acquisition & Underwriting Costs	2,082	1,963	1,829	1,747	1,860
Selling, General & Administrative	1,331	1,292	1,123	1,113	1,074
Other Operating Expenses	19.36	17.73	17.74	26.76	45.6
Total Operating Expenses	32,452	27,342	5,103	34,369	21,151
Operating Income	1,277	1,037	1,060	2,313	963.06
Interest Expense	-269.65	-228.08	-209.94	-172.83	-173.09
Earnings From Equity Investments	1.97	-2.28	0.44	0.73	-1.49
Currency Exchange Gain (Loss)	-	84.36	187.64	-69.43	-217.18
Other Non Operating Income (Expenses)	-	-28.51	-2.52	0.33	-0.35
EBT Excluding Unusual Items	1,009	862.74	1,036	2,071	570.96
Impairment of Goodwill	-	-	-	-4.45	-0.49
Gain (Loss) on Sale of Assets	-	-8.59	-2.41	-3.04	-3.67
Asset Writedown	-	11.35	89.3	65.97	3.06
Pretax Income	1,009	865.5	1,123	2,130	569.85
Income Tax Expense	398.73	276.77	370.46	740.08	178.85
Earnings From Continuing Ops.	610.5	588.73	752.44	1,390	391
Minority Interest in Earnings	-2.34	-1.55	-1.46	-1.99	-2.38
Net Income	608.16	587.18	750.97	1,388	388.63
Net Income to Common	608.16	587.18	750.97	1,388	388.63
Net Income Growth	3.57%	-21.81%	-45.89%	257.13%	-
Shares Outstanding (Basic)	1,049	1,054	1,054	1,054	1,054
Shares Outstanding (Diluted)	1,049	1,054	1,054	1,054	1,054
Shares Change (YoY)	-0.51%	-	-	-	-
EPS (Basic)	0.58	0.56	0.71	1.32	0.37
EPS (Diluted)	0.58	0.56	0.71	1.32	0.37
EPS Growth	4.10%	-21.81%	-45.89%	257.13%	-
Free Cash Flow	3,339	2,405	-2,888	7,084	-5,096
Free Cash Flow Per Share	3.19	2.28	-2.74	6.72	-4.83
Dividend Per Share	-	0.047	0.030	0.040	-
Dividend Growth	-	56.25%	-24.09%	-	-
Operating Margin	3.79%	3.65%	17.20%	6.30%	4.35%
Profit Margin	1.80%	2.07%	12.18%	3.78%	1.76%
Free Cash Flow Margin	9.90%	8.47%	-46.85%	19.31%	-23.04%
EBITDA	1,498	1,090	1,114	2,504	1,154
EBITDA Margin	4.44%	3.84%	18.08%	6.83%	5.22%
D&A For EBITDA	220.81	52.92	53.92	191.55	191
EBIT	1,277	1,037	1,060	2,313	963.06
EBIT Margin	3.79%	3.65%	17.20%	6.30%	4.35%
Effective Tax Rate	39.51%	31.98%	32.99%	34.75%	31.39%
Revenue as Reported	33,728	28,480	6,478	36,670	21,899

Updated Mar 19, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.