Private company

123 Money

Irish insurance company

123 Money Ltd, trading as 123.ie, is an Irish insurance company with registered offices in Dublin. It sells personal insurance products online, including motor, home, health and life insurance. It became a subsidiary of RSA Insurance Ireland Ltd. in 2010 and it is regulated by the Central Bank of Ireland.2 It is part of RSA Insurance Group.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

2002Founded1
  • Industryinsurance1
  • HeadquartersDublin1
  • Legal formPrivate Company Limited by Shares3
  • LEI2138003HL1YHLUM7ZI843
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressIntact House, Dublin, Ireland3
  • Registered withCompanies Registration Office, 3230993

See how the biggest companies compare on our leaderboards

123 Money Ltd, trading as 123.ie, is an Irish insurance company with registered offices in Dublin. It sells personal insurance products online, including motor, home, health and life insurance. It became a subsidiary of RSA Insurance Ireland Ltd. in 2010 and it is regulated by the Central Bank of Ireland. In 2012, it reported sales worth €91 million and 270 employees.2

Corporate structure

123 Money is part of a group headed by TryghedsGruppen. 67 entities, 13 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • TryghedsGruppen Virum, Denmark
    • Scandi JV Co A/S 100% · Ballerup, Denmark
    • Tryg Ballerup, Denmark
      • RSA Insurance Group London, United Kingdom
        • 123 Money Dublin, Ireland
        • Codan A/S London, United Kingdom
        • London Assurance Company London, United Kingdom
        • HEMPTON COURT MANCO LIMITED Subsidiary · 100% · London, United Kingdom
        • ALLIANCE ASSURANCE COMPANY LIMITED Subsidiary · London, United Kingdom
        • CODAN FORSIKRING A/S Subsidiary · London, United Kingdom
          • 1 more
        • EGI HOLDINGS LIMITED Subsidiary · Dublin, Ireland
        • INTACT INSURANCE (EUROPE) S.A. Subsidiary · Paris, France
        • INTACT INSURANCE CHANNEL ISLANDS LIMITED Subsidiary · St Peter Port, Guernsey
        • INTACT INSURANCE SERVICE COMPANY LIMITED Subsidiary · St Peter Port, Guernsey
        • NON-DESTRUCTIVE TESTERS LIMITED Subsidiary · London, United Kingdom
        • PUNCHBOWL PARK MANAGEMENT LIMITED Subsidiary · London, United Kingdom
        • R&SA MARKETING SERVICES LIMITED Subsidiary · London, United Kingdom
        • REGENT SUBCO LIMITED Subsidiary · London, United Kingdom
        • ROYAL & SUN ALLIANCE PENSION TRUSTEE LIMITED Subsidiary · Horsham, United Kingdom
        • ROYAL & SUN ALLIANCE REINSURANCE LIMITED Subsidiary · London, United Kingdom
        • ROYAL & SUNALLIANCE INSURANCE AGENCY LLC Subsidiary · Wilmington, Delaware, United States
        • ROYAL AND SUN ALLIANCE IT SOLUTIONS (INDIA) PRIVATE LIMITED Subsidiary · Gurgaon, India
        • ROYAL INSURANCE (U.K.) LIMITED Subsidiary · London, United Kingdom
        • ROYAL INSURANCE GLOBAL B.V. Subsidiary · Rotterdam, Netherlands
        • ROYAL INSURANCE HOLDINGS LIMITED Subsidiary · London, United Kingdom
        • ROYAL INTERNATIONAL INSURANCE HOLDINGS LIMITED Subsidiary · London, United Kingdom
          • 1 more
        • ROYSUN LIMITED Subsidiary · London, United Kingdom
        • RSA ACCIDENT REPAIRS LIMITED Subsidiary · London, United Kingdom
        • RSA ISLE OF MAN NO. 1 LIMITED Subsidiary · Douglas, Isle of Man
        • and 11 more
      • TRYG FORSIKRING A/S Ballerup, Denmark
      • Alka Subsidiary · Taastrup, Denmark
      • TJM (insurance) Subsidiary · Valby, Denmark
    • Falck Subsidiary · Copenhagen, Denmark
    • TrygFonden Subsidiary · Lyngby-Taarbæk Municipality, Denmark

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

The story

The company was incorporated in March 2000 by Dublin insurance broker Derek Richardson. It was the first online broker in Ireland, selling motor insurance, home and pet policies under-written by the Irish office of US Travelers Insurance. By March 2010, it had a consumer base of 170,000 policyholders and annual income of €60 million. It was acquired by the RSA Insurance Group in July 2010 for €65 million. 123.ie became a tied insurance agent for Irish Life in 2013, offering mortgage life insurance and lifelong insurance policies. In March 2013, it reported a €7m profit and an increase in turnover of 31%. In November 2013, it won Contact Centre Management Association awards for its customer retention programme and credit management team.

From Wikipedia’s article on 123 Money, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Parent company

From Wikidata.1

Acquisitions

123.ie was acquired by the RSA Insurance Group in July 2010 for €65 million. It had reported gross assets of €20m at the time. RSA became the underwriter of policies sold by 123.ie after the acquisition, and took on its online infrastructure and physical offices. 123.ie continues to trade under its own name branding after the acquisition.

From Wikipedia’s article on 123 Money, shared under CC BY-SA 4.0.4

Timeline

  1. 2002Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4