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- Hollard Insurance
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
About Hollard Insurance
Hollard Insurance is a Johannesburg-based insurance group founded in 1980 and privately owned. The group provides short-term insurance, life insurance and selected investment products to individuals, businesses and corporate customers. Its short-term operations cover personal and commercial risks and work with brokers, underwriting managers and other distribution partners. Hollard also develops specialist propositions across areas such as vehicles, property, travel, agriculture and business interruption. The company operates directly in several markets and extends its reach through partnerships in additional countries, giving it a substantial African and international distribution footprint. Premiums and investment income, rather than software subscriptions, form the core economics of the insurance business. Hollard also participates strategically in insurance technology, including the financing of Bdeo alongside Íope Ventures and other investors.
Founded
1980
HQ
Website
Status
Privately held
Customer focus
B2C & B2B
Revenue model
Insurance Carriers
Valuation
$5.3B (Sep 2018)
Sectors
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
| Date | Stage | Valuation |
|---|---|---|
| Sep 2018 | Strategic investment | $5.3B |
Hollard Insurance Funding History
Hollard Insurance has raised a total of $327M across 1 funding round.
Hollard Insurance funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2018 | Strategic investment | Tokio Marine (lead) | $327M | $5.3B | Hollard 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialAcquisitions 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
| 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 Country | ||
| HQ City | Sydney | Johannesburg |
| Deal Date | 21 Jun 2021 | 28 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
| 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-based insurance-technology company founded in 2017 and legally registered as Bdeo Technologies S.L. It provides visual-intelligence software that uses smartphone images, video and machine learning to inspect and assess property or vehicle damage. Insurers apply the platform to underwriting, first notice of loss, claims triage, repair-cost estimation, fraud checks and remote settlement workflows. Fleet, leasing and rental operators also use Bdeo to document vehicle condition and automate decisions about repair, return or resale. The company integrates its recommendations into existing insurance and fleet systems instead of operating as an insurer or repair shop itself. Bdeo reports more than sixty customer companies in twenty-five countries and sells the technology as enterprise software and implementation services. Its products aim to replace slow physical inspections with guided evidence capture and automated analysis while escalating uncertain cases to human specialists. | 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 Country | |||||
| HQ City | Johannesburg | Madrid | Johannesburg | Sydney | |
| Deal Date | 21 Jan 2025 | 29 Jun 2023 | 15 Feb 2023 | 30 Aug 2021 | |
| Round | Series B | Series B | Series B | Series B | |
| Raised | $37M | $8M | $17M | $23M | |
| Investors | BlueOrchard Finance S A; Yellowwood; International Finance Corporation; DEG | Íope Ventures; K Fund; Wayra; Armilar Venture Partners; Centre for the Development of Industrial Technology (CDTI); BlackFin Capital Partners | Yellowwood; International Finance Corporation; AlphaCode Club; DEG | Seven West Media; Movac; Five V Capital; Latitude; Airtree Ventures | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| 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 White Mountains, Sunshine Insurance Group, Company for Cooperative Insurance and Porto, and private ones like Coalition and Corgi Insurance.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2.9B | $1.4B | $5.3B | - | ||
| Publicly listed | $14B | $1.5B | $5.4B | 0.4x | ||
| Publicly listed | $5.2B | $383M | $5.3B | 0.7x | ||
| Publicly listed | $7.8B | $922M | $5.2B | 0.7x | ||
| Private | $325M | - | $5B | - | ||
| Private | $100M | - | $5B | - |
Hollard Insurance Public Comps
Hollard Insurance is still privately-owned, but its public comps include White Mountains, Sunshine Insurance Group, Company for Cooperative Insurance, Porto, Migdal Group, FWD Group Holdings, CNO Financial Group, Challenger, Essent Group and Bank of Cyprus.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.9B | $1.4B | 1.9x | - | 3.8x | - | |||
| $14B | $1.5B | 0.4x | 0.4x | 3.6x | - | |||
| $5.2B | $383M | 1.0x | 0.7x | 13.8x | - | |||
| $7.8B | $922M | 0.7x | 0.7x | 5.6x | 6.8x | |||
| $10B | $1.1B | 0.5x | - | 5.2x | - | |||
| $4.8B | $705M | 1.2x | 1.8x | 7.9x | 7.3x | |||
| $4.5B | $843M | 1.1x | 1.2x | 6.0x | - | |||
| $2.1B | $487M | 2.7x | 8.3x | 11.5x | 12.0x | |||
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 White Mountains, Sunshine Insurance Group, Company for Cooperative Insurance, Porto, Coalition and Corgi Insurance. |
| 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. |
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