Deep Analysis: Menora Mivtachim Holdings 2025 - Profit Improved Beyond the Headline, but 2026 Will Be Tested by Capital and Underwriting
Menora enters 2026 as a stronger and more diversified insurance group, but 2025 showed that its profit base is a mix of real improvement in health and pension, meaningful market support, and a capital-allocation layer that has become central to the story.