Menora Mivtachim Insurance LTD

Menora Mivtachim Holdings Ltd. is one of Israel's five largest insurance and finance groups. The group specializes in asset management, manages the largest pension fund in Israel - ‘New Mivtachim', and is the largest General Insurer in Israel and the market leader in Motor Insurance sector. The group manages assets worth about 185 billion NIS.The group operates through its subsidiaries, in all sectors of Life Insurance, Long/Mid/Short -Term Savings, General Insurance and Health Insurance. In addition, the group is active in the capital markets and finance sectors, including Mutual Funds Management, Financial Portfolio Management, Underwriting and worldwide real estate investments. Menora Mivtachim was incorporated in Israel (during the British Mandate) and began its operations in 1935, as an authorized representative of Lloyd's in Israel, and since 1939, as an insurance company. In 1963, Menora Mivtachim Group was acquired by the Fishel Frish family, and has been owned by members of the family ever since. In 1982, a public offering was held on the Tel-Aviv Stock Exchange and the company went public (currently, it is included in the Tel-Aviv 90 and 125 index). In recent years, the group has expanded its operations and has made several significant acquisitions and in the fields of insurance, pensions, and the capital market, including:- The acquisition of Menora Mivtachim Pension & Provident Funds Ltd. in 2004, which manages the new pension fund, New Mivtachim - the largest new pension fund in Israel (hereinafter: New Mivtachim), and the general pension fund New Mivtachim Plus- The acquisition, in 2007, of Shomera Insurance Company Ltd., which provides motor insurance (compulsory and property) and other property insurance. It also holds the insurance agencies Sinai Insurance Agency Ltd. and Arnon & Weinstock Insurance Agency (1989) Ltd. as well as real estate property (through Shomera Real Estate Ltd.)- In 2016-2017 Menora Mivtachim Holdings Ltd. completed its acquisition transaction of 40% of the share capital of E.R.N. Israel Ltd, and of 30% of the shares of Ampa Capital Ltd.- In 2017, Menora Mivtachim Mutual Funds Ltd. was merged with Altshuler Shaham Mutual Funds Management Ltd. Menora Mivtachim Finance Ltd. is holding 20% of the merged companyOver the years, the group has gained the reputation of a trustworthy, stable, and established group, which provides its customers professional, reliable and efficient service. This has enabled the group to address a diverse audience and provide it with valuable and reliable solutions. The group's many achievements can be attributed to its professional investment management, which achieves, since 1992, on behalf of its profit participating (life insurance) policies, better yields than average, and to the nature of its activities which combines quality products, experienced and highly-skilled professionals, efficient service, and innovative solutions that meet its customers' needs.