Canada Life - M&A Summary and Business Overview

InsuranceCompany

Canada Life M&A Summary

Canada Life has acquired 3 companies, including 1 in the last 5 years.

Canada Life’s largest acquisition to date was in 2015, when it acquired Equitable Life Annuity Business for $1.3B. Canada Life has acquired in 3 countries. The Company’s most targeted sectors include insurance (67%) and financial services (34%).

Canada Life Business Overview

Where is Canada Life headquartered?

Canada Life is headquartered in Toronto, Ontario.

What sector is Canada Life in?

Canada Life is an insurance company.

When was Canada Life founded?

Canada Life was founded in 1847.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 2

Canada Life

The Canada Life Assurance Company

330 University Avenue,
Toronto, Ontario M5G 1R8
Canada,
www.canadalife.com

Canada Life is an international company providing insurance, wealth management, and healthcare benefit products and services in Canada, the United Kingdom, Isle of Man and Germany, and in Ireland through Irish Life. Canada Life also provides reinsurance products, though Canada Life Reinsurance, primarily in the U.S., Barbados, Bermuda and Ireland.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - - - 1 - 3
vol $1.3B $1.3B
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Value Partners Group Inc. 2023-06-13 - Add-on Acquisition
Winnipeg, Manitoba · www.valuepartnersinvestments.ca
Equitable Life Annuity Business 2015-03-10 1.3B GBP Divestiture
, United Kingdom
Legal & General International (Ireland) Ltd. 2015-02-10 - Divestiture
Dublin, Ireland · www.legalandgeneralinternational.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 2 (67%) 1.3B (100%) - -
Financial Services 1 (33%) - - -
Total 3 $1.3B - -

By Geo

State/Country Buy Value Sell Value
Canada 1 - - -
  Manitoba 1 - - -
Ireland 1 - - -
United Kingdom 1 1.3B - -
Domestic 1 (33%) - - -
Cross-border 2 (67%) 1.3B (100%) - -
Total 3 $1.3B - -

Deal Values

buy # Total
> $1B 1 $1.3B
TOTAL $1.3B
Largest Equitable Life Annuity Business
$1.3B (2015-03-10)

M&A Connections

Deals
Acquired from
Strategic(s)
67%
2 (67%)

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