October 2026
Largest Insurance Carriers Public Companies in Israel
Benchmark revenue and EBITDA valuation multiples for public comps like
Phoenix Financial, Harel Group, Menora Mivtachim, Clal Insurance and Migdal Group.
 | Phoenix Financial is a publicly listed Israeli financial-services group whose history dates to 1949. The group operates insurance businesses covering life, health, property and casualty risks and also manages pensions, provident funds and other long-term savings. Its asset- and wealth-management operations serve retail, affluent and institutional clients through investment products, brokerage and portfolio services. Phoenix also owns a distribution platform of insurance agencies and independent brokers and has activities in consumer and business credit, payments and alternative investments. Individuals, employers, businesses and institutional investors use the group's products. Phoenix earns insurance premiums, investment-management and brokerage fees, distribution commissions, financing income and related service revenue. The company is based in Givatayim and its shares trade on the Tel Aviv Stock Exchange. | $56 | +46% | $14B | $12B | 1.2x | 5.9x | ||
| Harel Insurance Investments & Financial Services Ltd is a diversified insurance company that offers a selection of life insurance policies, health insurance, nursing insurance, travel insurance, car insurance, and rent and property insurance to residential and commercial customers in Israel. The company also generates revenue through investment portfolio management, mutual funds, and exchange-traded funds. Its operating segments include Life assurance and long-term savings, Health insurance, and Non-life insurance. Non-life insurance consists of five sub-segments: Motor property (CASCO); Compulsory motor; Other liabilities sectors; Property and other sectors; and Credit insurance for residential mortgages and development and operating services for mortgage portfolios. | $61 | +74% | $13B | $11B | 1.2x | 5.7x | ||
| Menora Mivtachim Holdings Ltd is a diversified insurance and finance group that operates in Israel. The company specializes in asset management and diversified insurance services, including general, life, and health insurance. Menora is also active within the capital market in a variety of fields, including corporate finance, investment banking, structured finance, and more. The company offers a broad variety of mutual funds that invest in various avenues in Israel and around the world, while also managing pension products and provident funds. The company's operating segments include Life insurance and long-term savings, focusing on policies, pension, and provident funds for death and disability risks, the Health insurance segment, and the Property and casualty insurance segment. | $163 | +63% | $10B | $11B | 2.9x | 8.1x | ||
| Clal Insurance Enterprises Holdings Ltd is an insurance company, part of IDB Group, a conglomerate from Israel. Its lines of business are Nonlife insurance, Health insurance, Pensions, and provident funds for private and corporate clients. Clal insurance divisions are nonlife insurance, long-term savings, and health. The nonlife insurance division offers automotive, property, personal accidents, guarantees, liability, and marine insurance, among others. The life insurance and long-term savings division manages long-term assets, such as life insurance, pensions, and funds. The health insurance division consists of health insurance products, such as local and overseas surgeries, transplants, medications, critical illness, long-term care, and accidents. The company's main market is Israel. | $89 | +59% | $7.2B | $11B | 1.4x | 6.8x | ||
| Migdal Insurance and Financial Holdings is a publicly listed Israeli insurance, pension and financial-services group. Its operating companies provide life, health, general and long-term-care insurance to individuals and businesses. The group also manages pension plans, provident funds, study funds, mutual funds and discretionary investment portfolios. Migdal's investment organization allocates customer and shareholder assets across public securities, private credit, infrastructure, real estate, private equity and other alternative investments. The group serves millions of private and corporate customers through employees, insurance agents, subsidiaries and affiliated agencies. Its parent holding company is traded on the Tel Aviv Stock Exchange and is controlled by Eliahu 1959 alongside public shareholders. Revenue comes from insurance premiums, investment income, asset-management fees and related financial services. The group's principal offices and customer-service operations are in Petah Tikva, Israel. | $6 | +71% | $6.5B | - | - | - | ||
| Ayalon Insurance Co is a holding company and act as a management and consulting services provider. It provides life and general insurance products and services. The company offers insurance policies including car insurance, car possession insurance, property cover, life insurance that covers sickness, disability and death. It also provides mortgage insurance. | $55 | +161% | $1.6B | $1.6B | 0.9x | 6.2x | ||
| IDI Insurance Co Ltd is a diversified insurance company that provides a wide range of insurance products and services in Israel. The company's health insurance offerings include coverage products for operations, surgeries, and medicines. IDI business insurance offerings include professional liability insurance for lawyers and office insurance. The company's accident insurance focuses on critical illness, disability, and personal accident events. IDI also provides insurance for mortgages that cover the policy owner and mortgage lending bank against possible damages to the homeowner's collateral. | $77 | +29% | $1.1B | $1.2B | 3.3x | 5.4x | ||
| Wesure Global Tech Ltd is a real internet community insurance company in Israel. It is involved in the home, property, and compulsory car insurance industries. | $5 | +57% | $695M | $953M | 0.7x | 5.4x | ||
| Median | $59 | +61% | $6.9B | $11B | 1.2x | 5.9x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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