Hollard Insurance Valuation, Funding & Investors

Hollard Insurance is valued at $5.3B as of September 2018.

Last Hollard Insurance valuation

$5.3B

Strategic investment · Sep 2018

Last Hollard Insurance funding round

$327M

Strategic investment · Sep 2018

Cumulative funding Hollard Insurance raised

$327M

across 1 funding round

Key investors in Hollard Insurance

Hollard Insurance Overview

About Hollard Insurance

Hollard Insurance is a Johannesburg-based insurer providing personal and commercial policies including home, car, business, life, funeral, and legal protection coverage. The company offers home warranties and extended vehicle warranties through a network of brokers and online channels. Established in 1982 as part of the Hollard Group, the firm operates across South Africa with products underwritten for middle-market customers.


Founded

1980

HQ

South AfricaJohannesburg

Status

Privately held

Customer focus

B2C & B2B

Revenue model

Subscription

Valuation

$5.3B (Sep 2018)

Hollard Insurance Valuation

Hollard Insurance is currently valued at $5.3B, based on its strategic investment round in September 2018.

The $327M round was led by Tokio Marine.

Hollard Insurance valuation by funding round

Hollard Insurance valuation by funding round
DateStageValuation
Sep 2018Strategic investment$5.3B

Hollard Insurance Funding History

Hollard Insurance has raised a total of $327M across 1 funding round.

Hollard Insurance funding rounds

Hollard Insurance funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2018Strategic investmentTokio Marine (lead)$327M$5.3BHollard Insurance Group, a major South African property and casualty insurer founded in 1980, announced a strategic partnership with Japan's Tokio Marine Group in September 2018. Tokio Marine agreed to acquire a 22.5% stake in Hollard South Africa and Hollard International for approximately 5 billion rand (about $328 million USD), providing Hollard with capital to fuel expansion across Africa and Asia. The deal excludes Hollard's independent businesses in Australia and New Zealand and was expected to close by late 2018 or early 2019 pending regulatory approvals. The transaction represents a minority investment rather than a full VC round, marking a significant endorsement of Hollard's growth potential in sub-Saharan Africa, where it operates in markets like South Africa, Botswana, Mozambique, Ghana, and Zambia. Hollard, one of the region's largest providers of property and casualty insurance, had recently acquired Regent Insurance Group for 1.8 billion rand in 2017 and increased black ownership to 20% via a B-BBEE deal. CEO Saks Ntombela described it as a 'game-changer,' aligning with South Africa's push for foreign investment under President Cyril Ramaphosa. The stake price implies an approximate enterprise value of 22.2 billion ZAR, calculated as 5 billion divided by 22.5%. Tokio Marine aimed to leverage the partnership for expansion into emerging markets, building on prior collaborations in Africa and Indonesia.

Who has invested in Hollard Insurance?

1 investor has backed Hollard Insurance across its funding rounds, including Tokio Marine.

Lead investors include Tokio Marine.


Hollard Insurance Investors

Investors in Hollard Insurance by funding rounds participated
InvestorHQRoundsRoleFirst check

This data is available for Pro users. Sign up to see all 1 Hollard Insurance investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Hollard Insurance

Hollard Insurance has acquired 2 companies to date.

Last acquisition by Hollard Insurance was on June 21st 2021. Hollard Insurance acquired CommInsure for $406M.


Latest Acquisitions by Hollard Insurance

CommInsure
Regent Insurance Co.
Description
CommInsure is the insurance division of Commonwealth Bank of Australia offering protection products including health, car, home, life, income protection, and travel coverage. Sydney-based, it provides policies through online portals, branches, and advisors to individual and business customers throughout Australia.
Regent Insurance Co. is a South African provider of short-term insurance products covering commercial vehicles, goods-in-transit, and hospitality risks. Based in Johannesburg, the company offers policies for taxis, heavy commercial fleets, and corporate travel, alongside life assurance options.
HQ CountryAustraliaSouth Africa
HQ City
Sydney
Johannesburg
Deal Date21 Jun 202128 Jun 2017
Valuation$406M$99M
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Hollard Insurance acquisitions and their M&A valuation multiples.

Start Free Trial

Investments by Hollard Insurance

Hollard Insurance has invested in 6 companies to date.

Latest investment by Hollard Insurance was on January 21st 2025. Hollard Insurance invested in Naked Insurance in their $37M Series B round.


Latest Investments by Hollard Insurance

Naked Insurance
Bdeo
Naked Insurance
Open
Description
Naked Insurance is a Sydney-based online provider of short-term personal insurance products like contents and travel policies underwritten by Hollard Insurance. Launched in 2017, the digital platform processes claims via app within 24 hours and operates exclusively in Australia with policies starting at daily rates.
Bdeo is a Madrid-headquartered provider of visual intelligence for insurance and fleet management. Founded in 2017, it automates motor and home claims inspections, underwriting, and vehicle assessments using AI video analysis, slashing processing from weeks to minutes. Deployed by 50 insurers like Mapfre, Zurich, and Mutua Madrileña across Spain, Mexico, UK, France, Italy, and 25 countries total, with integrations to Guidewire.
Naked Insurance is a Sydney-based online provider of short-term personal insurance products like contents and travel policies underwritten by Hollard Insurance. Launched in 2017, the digital platform processes claims via app within 24 hours and operates exclusively in Australia with policies starting at daily rates.
Open is an insurtech company founded in 2016 that offers embedded insurance products including car, home, travel, landlords, cyber, and life coverage. Based in the United Kingdom with operations in Australia and New Zealand, the firm employs over 140 people and partners with data-rich brands such as Bupa, Polestar, and Telstra to integrate seamless insurance experiences.
HQ CountrySouth AfricaSpainSouth AfricaAustralia
HQ City
Johannesburg
Madrid
Johannesburg
Sydney
Deal Date21 Jan 202529 Jun 202315 Feb 202330 Aug 2021
RoundSeries BSeries BSeries BSeries B
Raised$37M$8M$17M$23M
InvestorsBlueOrchard Finance S A; Yellowwood; International Finance Corporation; DEGÍope Ventures; K Fund; Armilar Venture Partners; Centre for the Development of Industrial Technology (CDTI); BlackFin Capital PartnersYellowwood; International Finance Corporation; AlphaCode Club; DEGSeven West Media; Movac; Five V Capital; Latitude; Airtree Ventures
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Hollard Insurance investments and their VC round multiples.

Start Free Trial

Hollard Insurance Competitors

Hollard Insurance competitors include listed companies like Bank of Cyprus, Sunshine Insurance Group, Selective Insurance and FWD Group Holdings, and private ones like Coalition and wefox.

Public and private companies comparable to Hollard Insurance
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Bank of CyprusCyprusCyprusPublicly listed$1.2B-$5.3B4.4x
Sunshine Insurance GroupChinaChinaPublicly listed$12B$1.5B$5.4B0.7x
Selective InsuranceUnited StatesUnited StatesPublicly listed$5.3B$672M$5.2B1.3x
FWD Group HoldingsHong KongHong KongPublicly listed$4.8B$705M$5.5B2.5x
CoalitionUnited StatesSan Francisco, CAPrivate$325M-$5B-
wefoxGermanyBerlinPrivate$850M-$4.6B5.4x

Hollard Insurance Public Comps

Hollard Insurance is still privately-owned, but its public comps include Bank of Cyprus, Sunshine Insurance Group, Selective Insurance, FWD Group Holdings, CNO Financial Group, Capital Financial, RLI, Max Financial Services, Company for Cooperative Insurance and Mercury Insurance.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Bank of Cyprus$1.2B-4.4x4.4x--
Sunshine Insurance Group$12B$1.5B0.8x0.7x6.6x-
Selective Insurance$5.3B$672M1.2x1.3x9.4x9.3x
FWD Group Holdings$4.8B$705M1.5x2.5x10.5x10.1x
CNO Financial Group$4.5B$843M1.9x2.0x10.0x-
Capital Financial$323M$73M20.8x-92.5x-
RLI$1.9B$519M3.2x2.9x11.4x-
Max Financial Services$5B$51M1.2x1.3x111.7x647.3x

This data is available for Pro users. Sign up to see all Hollard Insurance competitors and their valuation data.

Start Free Trial

Common questions about Hollard Insurance

When was Hollard Insurance founded?Hollard Insurance was founded in 1980.
Where is Hollard Insurance headquartered?Hollard Insurance is headquartered in Johannesburg, South Africa.
Is Hollard Insurance publicly listed?No, Hollard Insurance is a private, VC-backed company.
What is Hollard Insurance's valuation?Hollard Insurance was last valued at $5.3B in its strategic investment round in September 2018.
How much funding has Hollard Insurance raised?Hollard Insurance has raised $327M across 1 funding round.
What was Hollard Insurance's last funding round?Hollard Insurance's last funding round was a $327M strategic investment round in September 2018, led by Tokio Marine.
Who are Hollard Insurance's investors?Hollard Insurance's investors include Tokio Marine.
Which companies are comparable to Hollard Insurance?Companies comparable to Hollard Insurance include Bank of Cyprus, Sunshine Insurance Group, Selective Insurance, FWD Group Holdings, Coalition and wefox.
How many companies has Hollard Insurance acquired?Hollard Insurance has acquired 2 companies, including CommInsure and Regent Insurance Co..
What was the largest acquisition by Hollard Insurance?The $406M acquisition of CommInsure in June 2021 is the largest acquisition Hollard Insurance has made to date.
How many companies has Hollard Insurance invested in?Hollard Insurance has invested in 6 companies, including Naked Insurance, Bdeo, Open, Kanopi, Starts at 60 and Car Next Door.
What was Hollard Insurance's last investment?In January 2025, Hollard Insurance invested in Naked Insurance's $37M Series B alongside BlueOrchard Finance S A, Yellowwood, International Finance Corporation and 1 other investor.

See companies similar to Hollard Insurance

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial