Event JSON
{
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"created_at": 1732182812,
"kind": 1,
"tags": [
[
"r",
"https://www.calcalist.co.il/market/article/sjnw0uhm1x"
],
[
"subject",
"Tower converts loss to profitability and presents an improvement of 59% in net profit"
],
[
"published_at",
"1732178918"
],
[
"image",
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[
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[
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"Migdal Insurance Company's third-quarter financial report shows a significant improvement in its financial performance, driven by a 13% return on equity and a 76% increase in the company's long-term insurance business. The company's net profit was 285 million shekels, compared to a loss of 14 million shekels in the same period last year. The company's CEO, Ronen Agassi, attributed the improvement to the company's successful reinsurance strategy and the growth of its long-term insurance business."
]
],
"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq5zdqs8pe2w97wnpnl3yq4tzp2n8wpy2z5pn0hl46kn8m5fezld9q8vm2lw\nhttps://pic1.calcalist.co.il/picserver3/crop_images/2021/09/14/rksR8HRGt/rksR8HRGt_291_16_888_500_0_large.jpg\nThe first insurance company to publish its third quarter results has reported a loss of 14 million shekels, but has turned it around to a profit of 285 million shekels, reflecting a return on equity of 13%. The increase in profit is due to growth in underwriting profit (profit from insurance operations only) and an improvement in the stock market returns. A nearby milestone is expected to meet the solvency ratio, which will enable dividend distribution.\nhttps://www.calcalist.co.il/market/article/sjnw0uhm1x",
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}
