OUTsurance Holdings Company Profile and Market Analysis

OUTsurance Holdings is a South African financial services company that offers a range of insurance products to individuals and businesses.

The company was founded in 1998 and has since grown to become one of the largest insurance companies in South Africa.

OUTsurance Holdings offers a variety of insurance products, including motor, home, and life insurance.

Its parent company, OUTsurance Holdings, is listed on the Johannesburg Stock Exchange, providing a stable financial foundation for the company's operations.

OUTsurance Holdings is a leading South African insurance company. It was founded in 1998 by Dirk Nel, who had a vision to provide affordable insurance to the masses.

The company has grown significantly over the years, with a strong presence in the South African market. OUTsurance Holdings has a large network of branches across the country.

OUTsurance Holdings operates through several subsidiaries, including OUTsurance, MiWay, and MiWayLife.

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OUTsurance was launched on 28 February 1998 as a wholly owned subsidiary of RMB Holdings.

It's a relatively young company, but it has already made a significant impact in the insurance industry. OUTsurance acquired the First National Insurance group (FNI) from FirstRand in 2000, which gave RMBH and FirstRand each an interest of 47.5% in the merged entity.

This acquisition marked a major milestone for the company, expanding its reach and capabilities. By virtue of its shareholding in FirstRand, RMBH has 59.4% control in OUTsurance.

OUTsurance expanded into Namibia in 2006, launching OUTsurance Insurance Company of Namibia in partnership with FNB Namibia. This move demonstrated the company's willingness to explore new markets and establish a presence in Africa.

The company continued to grow and evolve, launching Youi in Australia in 2008, making it the first African company to set up an insurance business in Australia.

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OUTsurance Holdings is a company with a diverse portfolio of businesses. Its member companies are spread across South Africa and Australia.

OUTsurance Holdings has a significant presence in South Africa, with several companies under its umbrella. These include OUTsurance Insurance Company, which offers general insurance and other short-term insurance products, and OUTsurance Life Insurance Company, which provides life and funeral insurance to the South African public.

OUTsurance Holdings also has investments in other countries. In Australia, it has a 93% shareholding in Youi Holdings Pty Ltd, a holding company for Australasian investments. Youi Holdings Pty Ltd is a key part of OUTsurance Holdings' international expansion.

The company's structure is designed to support its growth and operations. OUTsurance Shared Services, a shared service company for the group, is based in South Africa. This company provides essential services to the group's member companies.

OUTsurance Holdings also has a property ownership company, OUTsurance Properties, which is based in South Africa. This company owns properties that are used by the group's member companies.

Here are some key facts about OUTsurance Holdings' member companies:

These companies are a vital part of OUTsurance Holdings' operations, providing a range of insurance products and services to customers in South Africa and Australia.

OUTsurance Holdings' financials are quite impressive, with net sales reaching a staggering 70.63 billion in 2025 and 77.99 billion in 2026.

The company's net income has also been steadily increasing, with 4.14 billion in 2025 and 4.54 billion in 2026.

OUTsurance Holdings' net debt is currently at zero, indicating a strong financial position.

The company's stock market performance is also noteworthy, with the stock value increasing from 291 billion in 2025 to 321 billion in 2026.

Here are the company's financial highlights for 2025 and 2026:

Let's dive into the financials and operations of this company. The net sales are projected to increase significantly, with a jump from $70.63B in 2025 to $77.99B in 2026.

The net income also shows a substantial growth, rising from $8.14B in 2025 to $8.92B in 2026. This is a promising sign for the company's financial health.

In 2025, the net income is estimated to be $4.14B, while in 2026, it's expected to be $4.54B. This increase of $400M is a notable improvement.

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The company's net debt is not disclosed for 2025, but it's listed as a negative value for 2026, indicating no debt.

Here's a breakdown of the net sales and net income for 2025 and 2026:

The stock market performance is also worth noting, with the company's stock listed under RMRHF.

OUTsurance South Africa delivered a strong operational performance, despite a difficult economic climate and high-inflation environment.

GWP rose by 9.1% to R12.174bn, with net earned premium up by 9.4% to R11.963bn.

Premium inflation was a significant contributor to premium growth.

The claims ratio improved from 52.5% to 49.8%, which is below the target of 50%.

Retained natural perils claims were in line with historic experience.

Investment income continued to benefit from the rising yield environment, increasing by 26.1% to R628m.

OUTsurance SA achieved an operating profit of R2.678bn, a 17.2% improvement on the prior period.

OUTsurance Personal saw its operating profit increase by 24% from R2.276bn to R2.822bn.

GWP increased by 8.4% in the Personal segment due to sustained higher premium inflation and robust new business performance in the direct channel.

The claims ratio improved from 51.6% to 49% in the Personal segment, thanks to disciplined pricing and underwriting actions.

OUTsurance Business achieved a 71.2% improvement in operating profit to R445m.

The cost-to-income ratio decreased from 34.8% to 32.1% in the Business segment, reflecting improved economies of scale.

OUTsurance Life benefited from strong growth in the funeral segment, with operating profit growing by 82% to R264m.

The funeral business partnership with Shoprite swung from an operating loss of R5m to an operating profit of R64m.

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OUTsurance Holdings has a diverse leadership team, with several key individuals playing important roles in the company's management.

Marthinus Visser serves as the Chief Executive Officer (CEO) of OUTsurance Group Limited, a position he has held since November 30, 2022.

The company's Director of Finance/CFO is Jan Hofmeyr, who also joined the company on November 30, 2022.

Hermanus Bosman is another notable figure, serving as both a CEO and a Chairman of the company. He has been with the company since 2014 and is currently 55 years old.

Jan Durand has been the Chairman of OUTsurance Holdings since March 30, 2018, and is currently 58 years old.

Here's a breakdown of the key leadership roles and their ages:

Albertinah Kekana is a Director/Board Member of the company, who has been with the company since February 5, 2013, and is currently 52 years old.

OUTsurance Holdings has been involved in several notable investments and acquisitions throughout its history.

In 2005, OUTsurance Holdings acquired its first international business, OUTsurance (UK) Limited, which marked a significant expansion of the company's operations outside of South Africa.

The company's acquisition of OUTsurance (UK) Limited allowed it to tap into the UK market and expand its customer base.

OUTsurance Holdings has also made strategic investments in various businesses, including an investment in OUTsurance's South African competitor, 1Life.

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This investment in 1Life demonstrates OUTsurance Holdings' commitment to the South African insurance market and its desire to stay competitive.

OUTsurance Holdings' investments and acquisitions have been instrumental in driving the company's growth and expansion.

The company's focus on strategic investments has enabled it to stay ahead of the competition and maintain its position as a leading insurance provider.

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OUTsurance Holdings has been making headlines with its recent press releases.

The company has obtained a B-BBEE certificate for 2024. This is a significant achievement that demonstrates their commitment to black economic empowerment.

OUTsurance has released its Form BBBEE 1 for 2024, providing more insight into their B-BBEE status. The document is a crucial part of their reporting process.

The company's King IV Application Summary 2024 highlights their governance practices and compliance with the King IV report. This report is a key tool for assessing a company's governance and ethics.

OUTsurance has also released its OGL Consolidated and Separate Annual Financial Statements for June 2024. This report provides a detailed look at the company's financial performance.

Here is a summary of the company's recent press releases:

OUTsurance Holdings has a strong presence in the insurance market, but it's not alone. OUTsurance's top competitor is Franc, a robo-advisors platform that has secured $822K in funding from investors like 4DX Ventures and FiTech Ventures.

OUTsurance has a significant advantage in terms of funding, but Franc is a close second. Franc's investors include 4DX Ventures and FiTech Ventures, two reputable firms in the industry.

Some of OUTsurance's notable competitors include Ctrl, Quiena, Qara, Fincheck, Digilytics, FSP Solutions, Hippo, and SaveMoney. Here's a quick rundown of their details:

Investors can be a crucial component in the success of a business, providing the necessary funds to get started.

Typically, investors look for companies with a strong value proposition and a clear path to profitability.

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OUTsurance has a single institutional investor, Royal Bafokeng Holdings. They are the sole investor backing the company.

Royal Bafokeng Holdings is a significant player in the investment world, with a proven track record of supporting businesses like OUTsurance.

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OUTsurance has several competitors in the insurance comparison platform space. OUTsurance is ranked 1st among its competitors, with a Tracxn Score of 59/100.

OUTsurance's main competitors include Franc, Ctrl, Quiena, Qara, Fincheck, Digilytics, FSP Solutions, Hippo, and SaveMoney. These companies offer various services such as robo-advisors, internet first car and household insurance advisors, and automated financial advisors.

Franc is ranked 2nd with a Tracxn Score of 51/100 and has received $822K in funding from investors like 4DX Ventures and FiTech Ventures. Ctrl is ranked 3rd with a Tracxn Score of 46/100 and has received $2.33M in funding from investors like Naspers.

Quiena is ranked 4th with a Tracxn Score of 35/100 and has received $1.66M in funding from investors like Parallel18 and Arkfund. Qara is ranked 5th with a Tracxn Score of 31/100 and has received $3M in funding from investors like Naver.

These competitors offer alternative services to OUTsurance's insurance comparison platform. Their Tracxn Scores indicate varying levels of success and innovation in their respective industries.

Here are the top 5 competitors of OUTsurance, listed in order of their overall rank:

These competitors have varying levels of funding, with Franc receiving $822K and Qara receiving $3M.