New York Life Insurance Company - M&A Summary and Business Overview

InsuranceCompany

New York Life Insurance Company M&A Summary

New York Life Insurance Company has acquired 4 companies, including 1 in the last 5 years. It has also divested 2 assets.

New York Life Insurance Company’s largest acquisition to date was in 2019, when it acquired Cigna - Group Life and Disability Insurance Business for $6.3B. It’s largest disclosed sale occurred in 1998, when it sold NYLCare Health Plans to Aetna for $1.1B. New York Life Insurance Company has acquired in 2 different US states, and 3 countries. The Company’s most targeted sectors include financial services (75%) and insurance (25%).

New York Life Insurance Company Business Overview

Where is New York Life Insurance Company headquartered?

New York Life Insurance Company is headquartered in New York, New York.

How many employees does New York Life Insurance Company have?

New York Life Insurance Company has 12,000 employees.

What sector is New York Life Insurance Company in?

New York Life Insurance Company is an insurance company.

When was New York Life Insurance Company founded?

New York Life Insurance Company was founded in 1845.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

New York Life Insurance Company

51 Madison Avenue,
New York, New York 10010
United States,
(212) 576-7000
www.newyorklife.com

New York Life Insurance Company is a US mutual-life insurance company. New York Life was formed in 1845 and is based in New York City.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $6.7B $6.7B
Sell (0.0/yr) # 2 - - - - - 2
vol $1.3B $1.3B
  6

Most Recent M&A

Company Date Value Type
Cigna Corp. - Group Life and Disability Insurance Business 2019-12-18 6.3B USD Divestiture
Bloomfield, Connecticut
Credit Value Partners LP 2017-01-04 - Add-on Acquisition
New York, New York
Candriam (Dexia Asset Management) 2014-02-03 428M EUR Add-on Acquisition
Brussels, Belgium · www.candriam.com
ACE Fianzas Monterrey SA 2013-04-02 293M USD Divestiture
Miguel Hidalgo, Mexico
ACE Fianzas Monterrey SA 2000-01-01 - Add-on Acquisition
Miguel Hidalgo, Mexico
NYLCare Health Plans 1998-03-17 1.1B USD Divestiture
New York, New York
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 3 (75%) 428M (6%) 1 (50%) 293M (22%)
Insurance 1 (25%) 6.3B (94%) 1 (50%) 1.1B (78%)
Total 4 $6.7B 2 $1.3B

By Geo

State/Country Buy Value Sell Value
United States 2 6.3B 1 1.1B
  New York 1 - 1 1.1B
  Connecticut 1 6.3B - -
Mexico 1 - 1 293M
Belgium 1 428M - -
Domestic 2 (50%) 6.3B (94%) 1 (50%) 1.1B (78%)
Cross-border 2 (50%) 428M (6%) 1 (50%) 293M (22%)
Total 4 $6.7B 2 $1.3B

Top M&A Advisors

Financial Deals
Credit Suisse Investment Banking
1
Legal Deals
Debevoise & Plimpton
1

Deal Values

buy # Total
> $1B 1 $6.3B
$100M to $1B 1 $428M
TOTAL $6.7B
Largest Cigna Corp. - Group Life and Disability Insurance Business
$6.3B (2019-12-18)
sell # Total
> $1B 1 $1.1B
$100M to $1B 1 $293M
TOTAL $1.3B
Largest NYLCare Health Plans
$1.1B (1998-03-17)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
1 (25%)
Divested to
Strategic(s)
100%
2 (100%)

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