About

Menora Mivtachim is Israel’s largest pension and motor insurance group, with more than NIS 440 billion in assets under managment. Over many years of activity, Menora Mivtachim has established a reputation as a reliable, responsible and stable group that provides its customers with professional and dependable service.

The Company was incorporated in Israel (then Palestine) and began operating in 1935 as the authorized representative of Lloyd’s in Israel, and from 1939 as an insurance company. In 1963, Menora Mivtachim Group was acquired by the Fishel Frish family and has been held by family members ever since. In 1982, the Company completed an initial public offering of its shares on the Tel Aviv Stock Exchange Ltd. (TASE) and became a publicly traded company. Today, the Company is included in the TA-35 and TA-125 indices.

In recent years, Menora Mivtachim Group has carried out a number of significant acquisitions and business development initiatives in the insurance, pension and capital markets sectors, the principal ones being:

2004 - Acquisition of shares in Menora Mivtachim Pension and Provident Funds Ltd., which manages the new comprehensive pension fund “Menora Mivtachim Pension” (formerly “New Mivtachim”), Israel’s largest pension fund, as well as the general pension fund “Menora Mivtachim Supplementary” (formerly “New Mivtachim Plus”).
2007 - Acquisition of shares in Shomera Insurance Company Ltd., which is mainly engaged in motor insurance (compulsory and property) and other property insurance, and also holds Sinai Insurance Agency Ltd. and real estate assets through Shomera Real Estate Ltd.
2016-2017 - The Group expanded its activity in the credit and financing sectors through acquisitions of holdings in Ampa Capital Ltd. and ERN Ltd. As of 2024, Menora Mivtachim Group holds 48% of the shares of Ampa Capital Ltd. and 70% of the shares of ERN Ltd.
2021 - Menora Mivtachim Energy brought Leumi Partners into its energy activity as a partner, with a 12.8% holding, at a company valuation of NIS 820 million. The energy activity was distributed as a dividend in kind to the shareholders of Menora Mivtachim, and “Teralight” was established, with Menora Mivtachim shareholders, Leumi Partners and the public as shareholders.
2022 - Acquisition of 50% of the leading insurance agency “Alifim”, which operates in a variety of general insurance lines, including motor and home insurance, as well as life, health and pension fields, at a valuation of NIS 280 million.

These developments have enabled the Group to address a diverse target audience and provide safe and attractive solutions. The Group’s many successes may be attributed to professional investment management, a business model that combines high-quality products, skilled and professional human capital, efficient service, and the development of creative and innovative solutions tailored to customers’ needs.

The Group maintains business relationships with thousands of insurance agents and licensed pension planners, who provide a wide range of services to the Company’s customers throughout Israel.
Menora Mivtachim Holdings operates in all major insurance lines in Israel through its controlled subsidiaries, Menora Mivtachim Insurance Ltd. and Shomera Insurance Company Ltd., and is Israel’s largest motor insurance group. Alongside its general insurance activities, the Group is also active in life insurance and health insurance, and is among the five largest insurance groups in Israel.
In addition, the Group holds Orot Life Insurance Agency (2005) Ltd., which operates in all areas of long-term savings and serves as a pension arrangement agency, as well as Sinai Insurance Agency Ltd. and Alifim, which operate insurance agents across the Group’s areas of activity.

In parallel, the Company operates and manages investments in real estate and solar activity in Israel and abroad, and also holds a company engaged in underwriting and securities distribution.

All the above is subject to the terms and conditions of the policies, their exclusions, and the procedures of Menora Mivtachim Group, as determined from time to time. The above shall not serve as an instrument for interpreting the policies, and the terms binding Menora Mivtachim Group are the terms and conditions of the policies alone. Menora Mivtachim Group shall not be liable for any damage, loss, expense, indirect damage or consequential damage of any kind that may be incurred by any person as a result of reliance on the information. The information is subject to the provisions of any law and to the relevant statutory arrangements. In any case of contradiction between information received as part of the service on the website and the information held in the offices and books of Menora Mivtachim Group, the information held by Menora Mivtachim shall be the binding information. It is clarified that Menora Group’s publications required under the Securities Law and its regulations are available for review on the TASE internet disclosure system, MAYA (the “TASE Website”). In any case 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.