Return On Equity

Alongside strong financial reports, the insurance company Menora Mivtachim is the first to officially raise its targets. The company earned 785 million shekels in the second quarter with a return on equity of 34%, higher than other insurance companies. It projects assets under management of 750 billion shekels by 2030, a 73% jump compared to the end of last year, a similar jump in profit to 3...

Core profits broke a record, return on equity jumped above the target, and CSM from new business doubled - so why did the total profit barely rise? The quarter behind Migdal's big numbers.