The value assigned to the company is composed of an operational
worth of NIS 219 million and a financial assets worth of NIS 1.1
billion.
The NC company evaluates Clal Insurance Holdings at NIS 1.3
billion, twice the company's market value.
The evaluation was performed at the end of december 1995, based on
the financial statements of Clal Insurance as of the third quarter of
1995.
The value assigned to the company is composed of NIS 219 million
operating worth and NIS 1.1 billion financial asset worth. This value
is determined based on expectations of 10% cumulative growth for Clal
Insurance company over the next five years, and a capitalization
coefficient of 8%. This value is 106% greater than the present
market value of Clal Insurance Holdings.
The evaluation contains numerous disclaimers due to the uncertainty
in which the insurance industry is shrouded at present as a result of
the new pension plan. Thus, the evaluation points to the decrease
that took place in the sale of new life insurance policies in the first
nine months of 1995.