Hollard Group Overview and Business Highlights

The Hollard Group is a multinational insurance and financial services company with a rich history dating back to 1900 in South Africa.

Founded by Thomas Hobart Hollard, the company has grown significantly over the years, expanding its operations to several countries across the globe.

Hollard Group is a subsidiary of the Hollard Insurance Company, which is a leading insurance company in South Africa and has been serving customers for over 120 years.

The company's mission is to make a difference in people's lives by providing innovative insurance solutions that meet their needs.

Hollard was founded in 1980 by Robert Enthoven and his son Patrick Enthoven.

The company has a strong commitment to racial equality, with over 40% of Etana's management team being black when it was co-owned by Hollard.

Hollard is known for its innovative approach to selling insurance, including prepaid insurance sold in cellphone-like 'starter packs' through retailers.

Hollard was founded in 1980 by Robert Enthoven and his son Patrick Enthoven.

The company has a strong commitment to racial equality, with over 40% of Etana's management team being black when it was co-owned by Hollard in 2008.

In 1985, Patrick Enthoven moved to California to work in the insurance business there.

Etana Insurance, launched in April 2008, was South Africa's only insurer to exclusively insure businesses, and it was co-owned by Hollard and Etana Holdings.

Hollard re-acquired Etana in 2013 and formed a division called Hollard Broker Markets.

The company is known for developing a unique selling method, selling prepaid insurance in cellphone-like 'starter packs' through retailers.

The Hollard Insurance Group has a clear leadership structure. Adrian Dominic t'Hooft Enthoven serves as the Chairman of the Board of Directors.

The group is led by Willie Lategan, who holds the position of Group CEO. Dirk Viljoen is responsible for the group's finances as the Group CFO.

The Hollard Fundco (RF) (Proprietary) is the sole shareholder, holding 100% of the company's shares.

Hollard Group has a strong focus on corporate responsibility, which is reflected in its commitment to sustainability and social responsibility.

The company has set a goal to become carbon neutral by 2040, which is a significant step towards reducing its environmental impact.

Hollard Group has implemented various initiatives to reduce its carbon footprint, including the use of renewable energy sources and energy-efficient practices.

The company has also made significant investments in its employees' health and wellbeing, providing access to mental health services and promoting a culture of open communication.

Hollard Group's commitment to social responsibility is evident in its partnerships with various charitable organizations, including the Hollard Foundation, which supports vulnerable communities.

The company has also prioritized community development, investing in projects that promote education, economic empowerment, and social cohesion.

The Hollard Group's financial performance is a key aspect of its overall success. As of June 30, 2022, the company's share capital stood at $1,237,000 USD.

The company's turnover for the same period was a substantial $433,901,000 USD, indicating a significant revenue stream. In contrast, the company's assets totaled $2,153,769,000 USD, showcasing its financial stability.

Here's a breakdown of the company's turnover by class of business for 2022:

The company's shareholder's equity as of June 30, 2022, was $67,882,000 USD, indicating a strong financial foundation.

As of 30 June, Hollard Insurance Company had a significant presence in the market, with a share capital of 101,628,000 USD. This substantial investment reflects the company's commitment to growth and expansion.

Their turnover for the period was a notable 825,837,000 USD, indicating a strong revenue stream. This is a clear indicator of the company's ability to generate income.

Hollard Insurance Company's assets stood at 1,050,813,000 USD, a substantial amount that underscores the company's financial stability. Shareholder's equity was 190,954,000 USD, a healthy indicator of the company's financial health.

The net result for the period was 49,904,000 USD, a positive outcome that reflects the company's ability to manage its finances effectively. The net non-life loss ratio was 56.7%, a relatively high figure that may require attention to improve profitability.

The net non-life management expenses ratio was 38.5%, a moderate figure that suggests the company is managing its expenses effectively. The net non-life combined ratio was 95.2%, a high figure that may indicate areas for improvement.

Here's a summary of the key financial metrics for Hollard Insurance Company as of 30 June 2022:

Note that these figures are subject to change and may not reflect the company's current financial situation.

Hollard Insurance Company's property damage business saw a significant drop in turnover from 2018 to 2020, from R260 120 to R231 136.

The motor business was a significant contributor to Hollard Insurance Company's turnover, making up 41.04% of the total in 2022.

Motor business turnover at Hollard Insurance Company fluctuated between 2018 and 2022, peaking at R338 901 in 2022.

In contrast, Hollard Specialist Insurance's motor business was the largest contributor to its turnover in 2022, making up 63.22% of the total.

Here's a comparison of the motor business turnover at Hollard Insurance Company and Hollard Specialist Insurance in 2022:

Hollard Specialist Insurance's marine business saw a significant increase in turnover from 2019 to 2022, from R4 247 to R5 268.

At the end of June 2022, Hollard Specialist Life had a significant share capital of 5 858 000 USD.

The company's turnover for that period was 42 138 000 USD, a substantial amount that reflects its active operations.

Hollard Specialist Life's assets stood at 71 704 000 USD, a substantial sum that demonstrates the company's financial strength.

Shareholder's equity was 55 835 000 USD, a healthy figure that indicates the company's financial stability.

The net result for the period was 10 117 000 USD, a positive outcome that reflects the company's successful operations.

Here is a summary of Hollard Specialist Life's financials as at 30 June 2022:

The Hollard Group has a diverse business portfolio, with a significant presence in the insurance industry. In 2022, the company's total turnover was $61,655.

Their motor insurance business has been a consistent performer, accounting for 63.22% of their turnover in 2022. This is a notable achievement, considering the fluctuations in the market.

The company's credit-bond insurance business has also shown steady growth, increasing from $3,762 in 2020 to $6,762 in 2022. This represents a significant 79% increase over the two-year period.

Here are the key takeaways from Hollard's business highlights:

Their marine insurance business has also seen an increase, with a turnover of $5,268 in 2022. This represents a notable growth from the $3,116 recorded in 2020.

As a business, we're proud to have a number of key relationships with partners who distribute insurance solutions underwritten and issued by Hollard.

We're not just talking about any partners, but ones that have proven themselves to be reliable and trustworthy in the industry.

Our partners are the backbone of our business, and we're grateful to be working with them to bring top-notch insurance solutions to our customers.

We're proud to work with brands and partners who share our values and commitment to excellence.

As at 30 June 2022, Hollard Specialist Insurance's share capital stood at 24 779 000 USD.

The company's turnover was a significant 61 655 000 USD, a substantial increase from previous years.

Hollard Specialist Insurance's assets totaled 62 248 000 USD, a notable figure that reflects the company's growth and stability.

The company's shareholder's equity was 30 405 000 USD, indicating a strong financial position.

A closer look at the company's financials reveals a net non-life loss ratio of 54.71%, which may warrant further attention.

The net non-life management expenses ratio was 25.61%, a relatively low figure that suggests efficient operations.

Here's a summary of Hollard Specialist Insurance's key financial metrics as at 30 June 2022:

Hollard Specialist Life's financials as at 30 June 2022 paint a different picture, with a share capital of 5 858 000 USD.

The company's turnover was 42 138 000 USD, a respectable figure that indicates steady growth.

Hollard Specialist Life's assets totaled 71 704 000 USD, a significant increase from previous years.

The company's net result was 10 117 000 USD, a positive outcome that reflects the company's financial health.

Hollard Specialist Life's shareholder's equity was 55 835 000 USD, a strong indicator of the company's financial stability.

Here's a summary of Hollard Specialist Life's key financial metrics as at 30 June 2022:

The Hollard Insurance Company has seen a fluctuation in its gross written premiums over the years, with a high of 812,948 in 2018 and a low of 677,509 in 2020.

The company's net written premiums have also experienced some variation, ranging from 619,357 in 2018 to 552,565 in 2022.

One notable trend in the company's financials is the steady decrease in net incurred losses, from 334,941 in 2018 to 303,247 in 2022.

Management expenses have also decreased over the years, from 284,247 in 2018 to 212,755 in 2022.

The net non-life loss ratio has remained relatively stable, ranging from 54.56% in 2018 to 56.70% in 2022.

The net non-life management expenses ratio has also shown some variation, from 45.89% in 2018 to 38.50% in 2022.

Here is a summary of the company's key financial metrics:

The company's net result has also fluctuated over the years, ranging from 22,352 in 2018 to 49,904 in 2022.

The Hollard Life Assurance Company has seen a similar trend in its gross written premiums, with a high of 472,523 in 2018 and a low of 433,901 in 2022.

The company's net written premiums have also decreased over the years, from 362,928 in 2018 to 327,584 in 2022.

One notable trend in the company's financials is the increase in net incurred benefits, from 148,622 in 2018 to 187,271 in 2022.

Management expenses have also decreased over the years, from 206,691 in 2018 to 147,118 in 2022.

The net management expenses ratio has shown some variation, from 56.95% in 2018 to 44.91% in 2022.

The company's net result has also fluctuated over the years, ranging from 49,906 in 2018 to 3,032 in 2022.

Hollard Group has a strong foundation, having been founded in 1980.

The company has focused on delivering innovative insurance solutions across various markets and specialized categories.

Hollard's new brand strategy aims to leverage its strong relationships with intermediaries, retailers, and strategic partners.

This repositioning centers on empowering intermediaries to better serve customers, emphasizing human-to-human engagement to drive insurance adoption and penetration in key segments.

The campaign's payoff line, "Insure your unsure", seeks to shift the perception of insurance away from fear-based messaging.

Hollard's philosophy of challenging traditional, extractive insurance practices is at the heart of this effort.

By making insurance more accessible and relatable, Hollard aims to promote a more approachable and positive view of insurance.