M&A Deal Summary

MetLife Acquires GenAmerica Financial

On August 26, 1999, MetLife acquired insurance company GenAmerica Financial for 1.2B USD

Acquisition Highlights
  • This is MetLife’s 1st transaction in the Insurance sector.
  • This is MetLife’s 4th largest (disclosed) transaction.
  • This is MetLife’s 1st transaction in the United States.
  • This is MetLife’s 1st transaction in Missouri.

M&A Deal Summary

Date 1999-08-26
Target GenAmerica Financial
Sector Insurance
Buyer(s) MetLife
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

GenAmerica Financial

St. Louis, Missouri, United States
GenAmerica is a reinsurance provider based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

MetLife

New York, New York, United States

website


Category Company
Founded 1863
Sector Insurance
Revenue 69.9B USD (2022)
DESCRIPTION
The MetLife Tower in New York City.
The MetLife Tower in New York City.

MetLife is a global financial services and insurance company, offering clients planning, retirement and savings solutions. MetLife was formed in 1863 and is based in New York City.


DEAL STATS #
Overall 1 of 12
Sector (Insurance) 1 of 7
Type (Add-on Acquisition) 1 of 7
State (Missouri) 1 of 1
Country (United States) 1 of 11
Year (1999) 1 of 1
Size (of disclosed) 4 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-26 SSRM Holdings

Boston, Massachusetts, United States

SSRM Holdings Inc, the holding company of State Street Research & Management Company and SSR Realty Advisors Inc.

Sell $375M