Shlomo Eliahu Holding

What Shlomo Eliahu Holding does

Shlomo Eliahu Holdings Ltd. is Israel's largest private financial holding company, headquartered in Tel Aviv and founded in 1959 (with the flagship Eliahu Insurance Company established in 1965). The Group operates a diversified financial services portfolio built on 100% ownership of Eliahu Insurance Company — Israel's most profitable insurer and the first firm granted an Insurer's License by the State of Israel — alongside a wholly-owned controlling stake in Migdal Insurance and Financial Holdings (acquired from Assicurazioni Generali SpA in October 2012), which serves over 1.7 million individual and business customers with insurance, pension, and financial assets management products.

The Group also holds major equity positions in Israel's banking sector, including a 9.59% share in Bank Leumi (making it the bank's largest shareholder, acquired 1999) and a 27.12% interest in Union Bank (acquired 1992). Beyond insurance and banking, the holding company maintains real estate ventures and a portfolio of short and long-term investments.

The Group employs 5,001-10,000 staff and operates exclusively within Israel. Revenue is generated through insurance underwriting and policy fees (Eliahu Insurance, Migdal), banking dividends and capital appreciation (Bank Leumi, Union Bank), real estate rental income and capital gains, and recurring financial services fees from pensions and asset management. Distribution occurs directly through the subsidiary insurance and banking branch networks, with no disclosed digital or app-based channels. The company is privately held, family-controlled, and is not venture-backed; ownership is concentrated in the Eliahu family under founder and Chairman Shlomo Eliahu, with next-generation leadership from Israel Eliahu (Director, former CIO and General Manager) and Ofer Eliahu (CEO of Migdal, Director).

Name

Shlomo Eliahu Holding

Legal name

Shlomo Eliahu Holdings Ltd.

Website

https://eliahu.com

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Shlomo Eliahu Holdings is Israel's largest private financial holding company, controlling Eliahu Insurance Company and Migdal Group (serving 1.7M+ customers) and holding major equity stakes in Bank Leumi and Union Bank, serving Israeli individuals and businesses across insurance, pensions, banking, real estate, and investments.

Ownership category

akta.pro rank

Product category

Insurance and Financial Services Holding

NAICS

Management of Companies and Enterprises (55111), All Other Financial Investment Activities (52399), Management of Companies and Enterprises (551)

SIC

Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532), Investment Advice (6282)

akta.pro primary industry

Insurance General Accounts (Institutional Asset Owners) (FSAAAGAG)

akta.pro secondary industries

Real Estate (Commercial Property, REITs) (FSABACAH), Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), Private Banking & UHNW Wealth Advisory (FSAEABAC)

Keywords

• Insurance services
• Pension management
• Banking holdings
• Financial services
• Investment portfolio

Headquarters

HQ city

Tel Aviv

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Insurance Operations: Eliahu Holdings generates revenue through its 100% ownership of Eliahu Insurance Company, one of Israel's leading insurance groups, providing various insurance products and services.
2. Banking Holdings: Revenue generated through major positions in leading Israeli banks including Bank Leumi and Union Bank, through dividends and capital appreciation.
3. Real Estate Investments: Short and long-term real estate investments generating rental income and capital gains.
4. Financial Services: Pension and financial assets management services through Migdal Group, serving over 1.7 million customers.

Distribution channels3 records

Marketing channels2 records

Core offering

Shlomo Eliahu Holdings is Israel's largest private financial holding company, operating a diversified portfolio that includes 100% ownership of Eliahu Insurance Company (Israel's most profitable insurance firm), a controlling stake in Migdal Insurance and Financial Holdings, and major equity positions in Bank Leumi (9.59%) and Union Bank (27.12%). The holding company additionally manages real estate ventures and short- and long-term investment portfolios, reaching over 1.7 million individual and business customers through its subsidiaries.

Product overview

Shlomo Eliahu Holdings operates as a diversified financial holding company with a portfolio of insurance, banking, and financial services businesses. The company's core holdings include 100% ownership of Eliahu Insurance Company (Israel's most profitable insurance company), major positions in Bank Leumi and Union Bank, and a controlling stake in Migdal Group following its 2012 acquisition. The company also maintains real estate ventures and investment portfolios.

Differentiator

Problem solved

Functional benefit

Products and services

• Eliahu Insurance Company
• Migdal Group (Migdal Insurance and Financial Holdings)
• Bank Leumi Holding
• Union Bank Holding
• Eliahu Real Estate Ventures

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Migdal GroupcoreOthers · 29 October 2012Migdal Group is a leading insurance and finance company in Israel. Shlomo Eliahu Holdings completed the full acquisition of Migdal Insurance and Financial Holdings Ltd in October 2012, acquiring Assicurazioni Generali SpA's stake. Migdal provides insurance, pension and financial assets management services to over 1.7 million customers.

Scale indicators6 records

Recent moves6 records

Expansion highlights3 records

Regional players

• Investec: Wealth & Investment and banking group with strong private-banking and asset-management franchises across emerging markets including Israel. Comparable as a multi-jurisdictional financial group that competes with Migdal and Eliahu's asset-management arms for high-net-worth clients.

Direct peers

• Arison Group: Israeli family-controlled conglomerate led by the Arison family with material holdings in banking (Hapoalim) and insurance. Highly comparable to Shlomo Eliahu Holdings given the parallel combination of dominant banking stake plus insurance operations in Israel.
• Delek Group: Israel-based holding company with stakes across energy, insurance, and financial services. Comparable to Eliahu as a domestic, multi-sector Israeli holding company whose value is driven by ownership stakes in regulated operating companies.
• IDB Holdings: Large, family-controlled Israeli holding company with diversified financial-services, retail, and industrial holdings. Closely comparable to Shlomo Eliahu Holdings as another multi-sector Israeli private holding company built around a founding family and concentrated in Israel.
• Clal Insurance Enterprises Holdings: Major Israeli insurance, pension and asset-management conglomerate. Direct competing insurance and long-term savings platform to Eliahu Insurance and Migdal, competing for Israeli household and corporate insurance and pension mandates.

Broad incumbents

• Fairfax Financial Holdings: Prem Watska-led insurance and investment holding company that deploys insurance float across public equities, banks, and real assets. Comparable to Eliahu as a globally diversified, founder-led financial holding using insurance subsidiaries as a capital base.
• Loews Corporation: Family-controlled US conglomerate with major insurance subsidiary (CNA Financial) plus holdings in energy and lodging. Structurally analogous to Eliahu Holdings as a diversified, family-controlled holding with insurance at its core.
• Berkshire Hathaway: Premier example of a family-controlled, holding-company model combining insurance float with strategic equity stakes across financial services. Comparable as a structural peer illustrating how a patient, insurance-backed holding can compound value across decades.
• Bank Hapoalim: One of Israel's two largest banks. Relevant as Eliahu's Bank Leumi/Union Bank holdings place the group inside the Israeli banking sector; also illustrates the regulated incumbent landscape that Eliahu's holdings are exposed to.

Emerging players

• Migdal Insurance and Financial Holdings: Israel's leading insurance and pension group serving 1.7M+ customers. Notable that Migdal is itself a subsidiary of Eliahu Holdings, but is also a relevant market-level peer given its dominance in Israeli pensions and asset management.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/shlomo-eliahu-holdings

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shlomo Eliahu Holding