About National General Insurance
National General Insurance is a company based in New York (United States) founded in 1939 was acquired by Allstate in July 2020.. National General Insurance has raised $229.07 million across 4 funding rounds from investors including Allstate and Dubai Investments. National General Insurance has completed 4 acquisitions, including Assigned Risk Solutions, Healthcare Solutions Team and Quotit. National General Insurance operates in a competitive market with competitors including AmTrust Financial, The Hartford, Intact Ventures, The Hanover Insurance Group and Travelers, among others.
- Headquarter New York, United States
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name National General Holdings Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$229.07 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Allstate
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Assigned Risk Solutions
& 3 more
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Acquired by
Allstate
(Jul 07, 2020)
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Software Development Team
141 people
Leadership Team
96 people
Sales and Marketing
88 people
Senior Team
36 people
Finance and Accounting
31 people
Legal and Compliance
28 people
Data Analysis and Operations Team
23 people
Human Resources and Administration
21 people
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Funding Insights of National General Insurance
National General Insurance has successfully raised a total of $229.07M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(12 Jun 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Post-IPO - National General Insurance | Valuation |
investors |
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| Aug, 2015 | Amount | Debt – Conventional - National General Insurance | Valuation |
investors |
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| Mar, 2015 | Amount | Debt – Conventional - National General Insurance | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in National General Insurance
National General Insurance has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Allstate and Dubai Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments in growth-stage companies are managed.
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Founded Year | Domain | Location | |
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Online insurance for life, property, auto, and business is provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by National General Insurance
National General Insurance has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Assigned Risk Solutions, Healthcare Solutions Team and Quotit. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Insurance brokerage services for assigned risks are provided.
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2013 | ||||
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Flood risks are assessed and managed for property insurance needs.
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2013 | ||||
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Health, dental, and critical illness insurance services are provided.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - National General Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
National General Insurance Comparisons
Competitors of National General Insurance
National General Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AmTrust Financial, The Hartford, Intact Ventures, The Hanover Insurance Group and Travelers, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Property and casualty insurance company
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| domain | founded_year | HQ Location |
Insurance, benefits, and mutual funds are provided in financial services.
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| domain | founded_year | HQ Location |
Provider of property & casualty insurances
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| domain | founded_year | HQ Location |
Insurance brokerage services are provided to various clients.
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| domain | founded_year | HQ Location |
Property and casualty insurance is provided to individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on National General Insurance
Frequently Asked Questions about National General Insurance
When was National General Insurance founded?
National General Insurance was founded in 1939 and raised its 1st funding round 74 years after it was founded.
Where is National General Insurance located?
National General Insurance is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of National General Insurance?
Barry Karfunkel is the current CEO of National General Insurance.
Is National General Insurance a funded company?
National General Insurance is a funded company, having raised a total of $229.07M across 4 funding rounds to date.
What does National General Insurance do?
National General Insurance was established in 1939 in New York, United States. Property and casualty insurance is offered as the primary focus within the insurance sector. Coverage for personal and commercial risks is handled through various policies. Operations are conducted across the United States, with headquarters in New York. Leadership is provided by CEO Barry Karfunkel, overseeing daily activities and strategic direction.
Who are the top competitors of National General Insurance?
National General Insurance's top competitors include AmTrust Financial, First American and Selective Insurance Group.
How many acquisitions has National General Insurance made?
National General Insurance has made 4 acquisitions, including Assigned Risk Solutions, Healthcare Solutions Team, and Quotit.
Who are National General Insurance's investors?
National General Insurance has 2 investors. Key investors include Allstate, and Dubai Investments.
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