Zurich Insurance - M&A Summary and Business Overview

InsuranceCompany

Zurich Insurance M&A Summary

Zurich Insurance has acquired 10 companies, including 4 in the last 5 years. It has also divested 7 assets.

Zurich Insurance’s largest acquisition to date was in 2015, when it acquired Rural Community Insurance Services for $1.1B. It’s largest disclosed sale occurred in 2003, when it sold Threadneedle Asset Management Holdings to American Express for $523M. Zurich Insurance has acquired in 4 different US states, and 7 countries. The Company’s most targeted sectors include insurance (50%) and information technology (20%).

Zurich Insurance Business Overview

Where is Zurich Insurance headquartered?

Zurich Insurance is headquartered in Zurich, Switzerland.

What is Zurich Insurance’s revenue?

Zurich Insurance disclosed revenue of 69,963M USD for 2023 and 36,981M USD for 2022.

How many employees does Zurich Insurance have?

Zurich Insurance has 60,000 employees.

What sector is Zurich Insurance in?

Zurich Insurance is an insurance company.

When was Zurich Insurance founded?

Zurich Insurance was founded in 1872.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity10
    • M&A Sell Activity7
  • Total Sectors Invested 5
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 10
  • M&A Advisors 2

Zurich Insurance

Zurich Insurance Group AG

Mythenquai 2,
Zurich, 8022
Switzerland,
+41 (0)44 625 25 25
www.zurich.com

Zurich Insurance is a multi-line insurer that serves its customers in global and local markets. Zurich provides a wide range of general insurance and life insurance products and services. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. The Company was formed in 1872 and is based in Zurich, Switzerland.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 7 1 1 - 1 - 10
vol $1.7B $1.7B
Sell (0.6/yr) # 4 1 - 2 - - 7
vol $798M $798M
  17

Most Recent M&A

Company Date Value Type
SpearTip LLC 2023-08-14 - Add-on Acquisition
St. Louis, Missouri · www.speartip.com
Zurich Insurance Co. Ltd. - Singapore Life Insurance Business 2022-05-31 - Divestiture
Singapore , Singapore
Zurich - Life & Pensions Back Book 2022-01-03 - Divestiture
Zurich, Switzerland
AlphaChat 2021-12-16 - Add-on Acquisition
Tallinn, Estonia · www.alphachat.ai
HealthLOGIX 2020-10-08 - Divestiture
Highland Park, Michigan · www.healthlogixonline.com
Zurich Insurance Group Ltd. - Corporate Group Life & Pensions Business 2020-03-19 - Divestiture
Zurich, Switzerland
Sea Pine Technologies 2019-02-25 - Add-on Acquisition
Dallas, Texas · www.seapineva.com
Zurich Insurance Group Ltd. - Workplace Pensions & Savings Business 2017-10-12 - Divestiture
, United Kingdom
Cover-More, Inc. 2017-04-13 514M AUD Add-on Acquisition
North Sydney, Australia · www.covermore.com
Zurich Assurances Maroc S.A. 2016-11-04 275M EUR Divestiture
Casablanca, Morocco · www.allianz.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Cover-More, Inc. 2017-04-13 Benestar Group Pty Ltd. 2022-08-11 1
North Sydney, Australia · www.covermore.com Sydney, Australia · www.benestar.com
Farmers Group, Inc.(DBA Farmers Underwriters Association)    - MetLife Auto & Home 2020-12-11 3
Los Angeles,, California · www.farmers.com New York, New York · www.myautohome.metlife.com
Farmers Group, Inc.(DBA Farmers Underwriters Association)    - Foremost Insurance Co. 2018-02-19 1
Los Angeles,, California · www.farmers.com Caledonia, Michigan · www.foremost.com
Zurich American Insurance Co.    - Rural Community Insurance Agency, Inc. 2015-12-18 2
Schaumburg, Illinois · www.zurichna.com Anoka, Minnesota · www.rcis.com
Farmers Group, Inc.(DBA Farmers Underwriters Association)    - 21st Century Insurance Group 2009-07-01 2
Los Angeles,, California · www.farmers.com Wilmington, Delaware · www.21st.com

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 5 (50%) 1.7B (100%) 4 (57%) 275M (34%)
Business Services 1 (10%) - 2 (29%) -
Information Technology 2 (20%) - - -
Financial Services 1 (10%) - 1 (14%) 523M (66%)
Internet Software and Services 1 (10%) - - -
Total 10 $1.7B 7 $798M

By Geo

State/Country Buy Value Sell Value
United States 4 1.1B - -
  Texas 1 - - -
  Missouri 1 - - -
  Minnesota 1 1.1B - -
  Michigan 1 - - -
United Kingdom 1 - 2 523M
Switzerland - - 2 -
Australia 1 514M - -
China - - 1 -
Estonia 1 - - -
Indonesia 1 - - -
Lebanon 1 - - -
Malaysia 1 115M - -
Morocco - - 1 275M
Singapore - - 1 -
Domestic - - 2 (29%) -
Cross-border 10 (100%) 1.7B (100%) 5 (71%) 798M (100%)
Total 10 $1.7B 7 $798M

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
Legal Deals
Willkie Farr & Gallagher
1

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 2 $629M
TOTAL $1.7B
Largest Rural Community Insurance Services
$1.1B (2015-12-18)
sell # Total
$100M to $1B 2 $798M
TOTAL $798M
Largest Threadneedle Asset Management Holdings Ltd.
$523M (2003-10-01)

M&A Connections

Deals
Acquired from
Strategic(s)
30%
3 (30%)
Divested to
Strategic(s)
100%
7 (100%)

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