Migdal Insurance and Financial Holdings Second Quarter 2024 Earnings: EPS: ₪0.43 (vs ₪0.17 loss in 2Q 2023)

Migdal Insurance and Financial Holdings (TLV:MGDL) Second Quarter 2024 Results

Key Financial Results

• Revenue: ₪5.30b (down 40% from 2Q 2023).
• Net income: ₪459.9m (up from ₪171.0m loss in 2Q 2023).
• Profit margin: 8.7% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses.
• EPS: ₪0.43 (up from ₪0.17 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Migdal Insurance and Financial Holdings shares are up 4.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Migdal Insurance and Financial Holdings' balance sheet and an in-depth analysis of the company's financial position.

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