, Australia
/Jamie Davis from Unsplash

Hollard Australia’s capital remains solid until 2026

It will also benefit from its acquisition of Commonwealth Insurance.

Australia-based Hollard Holdings Australia is seen to sustain its strong business and financial positions in the coming years, supported by increased market share and improved performance, S&P Global Ratings said.

Under updated criteria, Hollard Australia's capital adequacy remains robust at the 99.8% confidence level through 2026. 

The improved adequacy is attributed to the removal of previous liability adjustment haircuts and no deductions for non-life deferred acquisition costs, alongside better risk diversification benefits. 

However, recalibrated capital charges and scaled catastrophe risk charges at higher confidence levels partially offset these gains.

Hollard Australia, now the fifth largest property and casualty (P&C) insurer in Australia with a market share of approximately 4.4%, is expected to benefit from the integration of its 2022 Commonwealth Insurance acquisition, potentially enhancing scale and efficiency.

The subgroup is projected to maintain strong capital adequacy, with capital positioned at the upper end of the 99.8% confidence level. 

Despite supportive capital assessment factors, higher confidence levels and natural catastrophe charges have moderated improvements.

HIC remains a core part of Hollard Australia’s operations and a major contributor to its capital and earnings.

Follow the link for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Income-Allianz failed merger shows popular opinion is king
The deal faced backlash from Singaporeans who thought it betrayed Income’s social mission.
Filipino gamers hold promise for FWD
The insurer plans to support other games and aspects of the gaming ecosystem beyond esports.