Hollard Insurance
Regarded for so long as a niche insurer, Hollard has managed to develop an important portfolio away from the spotlights. In fact during its thirty years of activity, the company has written policies under the name of tens of partners which it controls at 100%.
Nominated best South African insurance company in 2011 by the World Insurance Magazine, Hollard is known for its creativity and innovative capacity. It is among the first companies to sell insurance products via mobile telephony.
 |
| NG Kohler |
| CEO |
With over six million policyholders, the company has used its Johannesburg base as a springboard to extend its presence worldwide, in Africa, Australia, England, India and Pakistan.
In an effort to diversify its income sources, Hollard is planning to extend its operations to include assets management and to provide its customers with financial investment solutions.
Hollard Insurance in 2010
| Share capital | 10 604 000 USD |
| Turnover | 1 115 121 000 USD |
| Shareholder’s equity | 237 960 910 USD |
| Total assets | 1 343 000 000 USD |
| Technical result | 81 580 000 USD |
| Net result after tax | 63 303 000 USD |
| Loss ratio | 57.8% |
| Loading rate | 36.6% |
| Combined ratio | 94.4% |
| Presence | South Africa, Botswana, Mozambique, Namibia, Australia, Ghana, United Kingdom, Thailand, India, China, Pakistan |
| Number of employees | 1200 |
Management
| Chairman | RH Enthoven |
| CEO | NG Kohler |
| Chief Financial Officer | TBT Mparutsa |
| Executive director | SI Mzimela |
| Non–executive director | RC Hallier |
| Non–executive director | BN Ngonyama |
| Non–executive director | H Masondo |
| Non–executive director | BF Mohale |
| Non–executive director | PK Ward |
Main shareholders
| Hollard Holdings (Proprietary) | 100% |
Main technical highlights: 2006-2010
in thousands USD
| 2006 | 2007 | 2008 | 2009 | 2010 | |
|---|---|---|---|---|---|
Gross written premiums | 710 388 | 783 058 | 623 088 | 1 034 112 | 1 115 121 |
Written premiums net of reinsurance | 488 106 | 544 882 | 483 453 | 767 501 | 822 550 |
Net earned premiums | 481 813 | 545 157 | 464 773 | 724 808 | 781 567 |
Incurred losses net of reinsurance | 212 689 | 272 013 | 270 325 | 450 150 | 451 840 |
Net loss ratio | 44.1% | 49.9% | 58.2% | 62.1% | 57.8% |
Management expenses | 225 843 | 256 382 | 201 255 | 306 906 | 408 204 |
- Overhead expenses | 176 261 | 185 244 | 151 998 | 201 384 | 303 418 |
- Commissions | 49 582 | 71 138 | 49 257 | 105 522 | 104 786 |
Technical result | 104 212 | 88 649 | 33 360 | 19 453 | 81 580 |
Financial income | 30 709 | 35 267 | 32 069 | 29 256 | 56 965 |
Net pre-tax result | 110 284 | 97 147 | 38 425 | 25 415 | 84 610 |
Net result after tax | 74 197 | 69 596 | 21 556 | 18 645 | 63 303 |
Evolution of premiums, losses, management expenses and results
in thousands USD 
in thousands USD 
Turnover’s evolution per class of business: 2006-2010
in thousands USD
| 2006 | 2007 | 2008 | 2009 | 2010 | 2010 shares | 2009/10 growth | |
|---|---|---|---|---|---|---|---|
Property damage | 131 480 | 155 088 | 131 867 | 186 666 | 258 136 | 23.1% | 38.3% |
Marine | 44 688 | 34 241 | 31 614 | 45 097 | 41 312 | 3.7% | -8.4% |
Motor | 350 312 | 416 595 | 311 634 | 536 504 | 551 488 | 49.5% | 2.8% |
Third party liability | 6 154 | 18 794 | 13 321 | 29 000 | 31 095 | 2.8% | 7.2% |
Engineering | 25 515 | 32 613 | 35 719 | 51 940 | 56 550 | 5.1% | 8.9% |
Fire | 6 501 | 13 337 | 13 765 | 57 052 | 22 774 | 2% | -60.1% |
Workmen’s compensation | 491 | 702 | 1 111 | 2 395 | 2 831 | 0.2% | 18,2% |
Health & personal accident | 22 383 | 32 525 | 28 183 | 44 180 | 48 509 | 4,4% | 9,8% |
Others | 122 864 | 79 163 | 55 875 | 81 278 | 102 426 | 9,2% | 26,1% |
Total | 710 388 | 783 058 | 623 088 | 1 034 112 | 1 115 121 | 100% | 7,8% |
Breakdown per class of business in 2010
Ratios’ evolution : 2006-2010
Exchange rate ZAR/USD as at 31/12 | 2006 | 2007 | 2008 | 2009 | 2010 |
0.14174 | 0.14589 | 0.10565 | 0.13482 | 0.12352 |
Contact
| Head office | Hollard at Arcadia, 22 Oxford Road-Parktown Johannesburg 2193 PO Box, 87419 Houghton 2041 |
| Phone | (+27) 11 351 5000 (+27) 11 351 1202 |
| Fax | (+27) 11 351 5001 (+27) 11 351 0653 |
procurement [at] hollard [dot] co [dot] za | |
| Website |
