M&A Deal Summary

Heritage Life Insurance Acquires U.S. Financial Life Insurance

On December 11, 2019, Heritage Life Insurance acquired insurance company U.S. Financial Life Insurance from Equitable Holdings

Acquisition Highlights
  • This is Heritage Life Insurance’s 2nd transaction in the Insurance sector.
  • This is Heritage Life Insurance’s 2nd transaction in the United States.
  • This is Heritage Life Insurance’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2019-12-11
Target U.S. Financial Life Insurance
Sector Insurance
Buyer(s) Heritage Life Insurance
Sellers(s) Equitable Holdings
Deal Type Divestiture

Target

U.S. Financial Life Insurance

Charlotte, North Carolina, United States
U.S. Financial Life Insurance Co. is an insurance company focused on offering life and health insurance services.

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Buyer(S) 1

Buyer

Heritage Life Insurance

Agoura Hills, California, United States
Category Company
Sector Insurance
DESCRIPTION

Heritage Life Insurance Co. is an insurance company based in Agoura Hills, California.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Divestiture) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-11 MONY Life Insurance Company of the Americas

New York, New York, United States

MONY Life Insurance Company of the Americas, Ltd. is an insurance company that offers life insurance, employee benefit, retirement planning, and other investment services.

Buy -

Seller(S) 1

SELLER

Equitable Holdings

New York, New York, United States

website

Category Company
Founded 1859
Sector Financial Services
Employees12,200
Revenue 11.0B USD (2021)
DESCRIPTION

Equitable Holdings comprises two complementary and well-established principal franchises, Equitable Life Insurance Company and AllianceBernstein. Annuity and life insurance products are issued by AXA Equitable Life Insurance Company (AXA Equitable / AXA Equitable Life) (NY, NY). Equitable Holdings was founded in 1859 and is based in New York, New York.

DEAL STATS #
Overall 2 of 3
Sector (Insurance) 2 of 3
Type (Divestiture) 2 of 3
State (North Carolina) 1 of 1
Country (United States) 2 of 3
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-11 MONY Life Insurance Company of the Americas

New York, New York, United States

MONY Life Insurance Company of the Americas, Ltd. is an insurance company that offers life insurance, employee benefit, retirement planning, and other investment services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 CS Life Re

New York, New York, United States

CS Life Re Co. operates as an insurance company and offers property, casualty, and marine insurance and reinsurance services. CS Life Re Co. is based in New York City.

Sell -
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