About

Menora Mivtachim is Israel’s largest motor insurance and pension group, with more than NIS 332 billion under management. Over the years, Menora Mivtachim has established a well-earned reputation of a credible, responsible and stable group, providing some two million customers with professional and reliable service.

Chairman: Eran Griffel
CEO: Ari Kalman
Founded in: 1935

Palamas Establishment & Najaden Establishment (*foreign trusts registered in Vaduz - Liechtenstein), with 61.86% held in trust for Mssrs. Tali Griffel and Niva Gurevitch.
Public ownership - 38.14%

The Company was incorporated in Israel (at that time - Palestine) and commenced its business activity in 1935 as the authorized representative of Lloyds in Israel; since 1939, it has been operating as an insurance company. In 1963, Menora Mivtachim Group was acquired by the Fishel Frish family, and has been owned by family members ever since. In 1982, the Company conducted an initial public offering on the Tel Aviv Stock Exchange Ltd. (TASE), becoming a publicly-traded company (it is currently traded on the TA-90 and TA-125 indices).

In recent years, the Group has engaged in a number of significant acquisitions and business development endeavors in the insurance, pension and capital market sectors, the principal ones being:

2004 - The acquisition of shares in Menora Mivtachim Pension and Provident Funds Ltd., which runs the new comprehensive pension fund - Menora Mivtachim Pension (formerly Menora Mivtachim), Israel’s largest new pension fund (hereinafter - “Menora Mivtachim Pension (formerly Menora Mivtachim) and general pension fund Menora Mivtachim Supplementary (formerly New Mivtachim Plus).
2007 - The acquisition of shares in Shomera Insurance Company Ltd., which is mainly engaged in motor insurance (compulsory motor and property) in addition to other property insurance; the Company also owns the following insurance agencies: Sinai Insurance Agency Ltd. and Arnon & Weinstock Insurance Agency (1989) Ltd., as well as real estate properties (via Shomera Real Estate Ltd.).
2016 - 2017 - The acquisition of 30% of Ampa Capital Ltd. and 40% of ERN Ltd., companies operating in the non-banking finance sectors, discounting post-dated checks, clearing and credit guarantee services.
2017 - The merger and sale of Menora Mivtachim Finance Ltd.’s investment house operation - which provides its customers with financial asset management and investment marketing services (mutual funds and portfolio management) - to Altshuler Shaham Ltd., subsequent to which the Company holds 20% of Altshuler Shaham Investment House’s mutual funds management company.

Over the years, the Group has earned the reputation of a credible, stable and robust group, providing its customers with professional, reliable and efficient service.

The combination of all these has enabled the Group to reach out to a diverse target audience and to offer it both safe and lucrative solutions. The Group’s considerable success may be credited to its extremely professional investment management culture, attaining excess returns on participating life insurance policies (since 1992), the nature of its business activity which combines quality products, highly-skilled and professional human capital, efficient service and the development of creative solutions specifically tailored to meet its customers’ needs. The Group maintains business relations with thousands of insurance agents and licensed pension planners, who provide a variety of services for the Company’s customers throughout Israel.

Insurance

The Group operates in all the principal insurance subsegments in Israel, via its subsidiaries - Menora Mivtachim Insurance Ltd. and Shomera Insurance Company Ltd. and is the largest insurance company in Israel operating in the field of property and casualty (non-life) insurance as well as being the largest motor insurance group in Israel. Via Menora Mivtachim Insurance, the Group also operates in all fields of property and casualty insurance, in addition to life insurance and healthcare insurance, and it is among the five largest insurance groups in Israel.

Furthermore, the Group owns Orot Life Insurance Agency (2005) Ltd., which focuses on all fields of long-term savings and serves as a claim settlement agency, Sinai Insurance Agency Ltd. and Arnon & Weinstock Insurance Agency (1989) Ltd., which operate insurance agents across all its areas of activity.

The Company also manages investments in real estate and solar activity in Israel and abroad, and owns a company engaged in underwriting and securities distribution.

All the aforementioned is subject to the terms and conditions of the policies, their exclusions, and procedures of the Menora Mivtachim Group as they shall be prescribed from time to time. The aforementioned shall not serve as an instrument for the interpretation of the policies, and the terms and conditions binding on Menora Mivtachim Group are the terms and conditions of the policies alone. Menora Mivtachim Group shall not be liable for any damage and/or loss and/or expense and/or other indirect or consequential damage of any kind that might be incurred, by anyone as a result of reliance on the information. The information is subject to the provisions of any law, and the relevant legislative arrangements. In any event of a contradiction between the information I receive as part of the service on the website and the available information in the offices of Menora Mivtachim Group and its ledgers, the information in the possession of Menora Mivtachim shall be deemed to be the binding information. It is clarified that the publications of Menora Group that are required under the Securities Law and its regulations, are available for view on the TASE online disclosure system - MAYA (hereinafter: the “TASE Website”). In any event of error, contradiction or discrepancy between the information published on the TASE Website and the relevant information appearing on this website, the information published on the TASE Website shall prevail.