MetLife Mergers and Acquisitions Summary

Insurance Company

MetLife has acquired 14 companies, including 5 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 5 assets.

MetLife’s largest acquisition to date was in 2010, when it acquired American Life Insurance for $16.2B. It’s largest disclosed sale occurred in 2020, when it sold MetLife Auto & Home to Farmers Group for $3.9B. MetLife has acquired in 10 different US states, and 3 countries. The Company’s most targeted sectors include insurance (54%) and financial services (16%).

Join Mergr and gain access to MetLife’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the insurance sector.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity13
    • M&A Sell Activity5
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 15
  • M&A Advisors 13

MetLife, Inc.

200 Park Avenue,
New York, New York 10166
United States,
(212) 578-9500
www.metlife.com

MetLife, Inc. is a global financial services and insurance company, offering clients planning, retirement and savings solutions. MetLife was formed in 1868 and is based in New York City.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.8/yr) # 9 1 - 2 1 - 13
vol $31.5B $250M $1.7B $33.4B
Sell (0.4/yr) # 3 1 - - 1 - 5
vol $375M $3.9B $4.3B
  18

Most Recent M&A

Company Date Value Type
MetLife Auto & Home 2020-12-11 3.9B USD Divestiture
New York, New York · www.myautohome.metlife.com
Versant Health Holdco, Inc. 2020-09-17 1.7B USD Add-on Acquisition
Linthicum, Maryland · www.versanthealth.com
PetFirst Healthcare LLC 2019-12-05 - Add-on Acquisition
Jeffersonville, Indiana · www.petfirst.com
Bequest, Inc. 2019-11-20 - Add-on Acquisition
Miami, Florida · www.willing.com
Metlife Afore, S.A. De C.V. 2017-10-26 - Divestiture
Mexico, Mexico · www.metlifeafore.com.mx
Logan Circle Partners LP 2017-07-07 250M USD Add-on Acquisition
Philadelphia, Pennsylvania · www.logancirclepartners.com
MetLife - U.S. Retail Advisor Force 2016-02-29 - Divestiture
, United States
MetLife Assurance Ltd. 2014-02-18 - Divestiture
London, United States
AmLife Insurance Bhd 2013-12-19 256M USD Stake Purchase
Kuala Lumpur, Malaysia · www.amassurance.com.my
American Service Life Insurance Co. 2012-08-01 - Divestiture
Wilmington, Delaware
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
MetLife Europe d.a.c.    - MetLife Europe d.a.c. - Traditional Business 2019-04-02 1
Dublin, Ireland · www.metlife.eu Dublin, Ireland
Hyatt Legal Plans, Inc.    - Signature LegalCare Busines 2010-07-22 1
Cleveland, Ohio · www.legalplans.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 7 (58%) 31.1B (99%) 3 (60%) 3.9B (91%)
Financial Services 2 (17%) 250M (1%) 1 (20%) 375M (9%)
Healthcare Services 1 (8%) - - -
Internet Software and Services 1 (8%) - - -
Real Estate 1 (8%) - - -
Business Services - - 1 (20%) -
Total 12 $31.4B 5 $4.3B

By Geo

State/Country Buy Value Sell Value
United States 11 31.1B 4 4.3B
  Delaware 2 16.2B - -
  Tennessee 1 - - -
  Pennsylvania 1 250M - -
  Missouri 1 1.2B - -
  Maryland 1 1.7B - -
  Indiana 1 - - -
  Georgia 1 - - -
  Florida 1 - - -
  Connecticut 1 11.8B - -
  California 1 - - -
  New York - - 1 3.9B
  Massachusetts - - 1 375M
Chile 1 2.0B - -
Malaysia 1 256M - -
Mexico - - 1 -
Domestic 11 (85%) 31.1B (93%) 4 (80%) 4.3B (100%)
Cross-border 2 (15%) 2.3B (7%) 1 (20%) -
Total 13 $33.4B 5 $4.3B

Top M&A Advisors

Financial Deals
Rothschild Global Advisory
1
Bank of America Merrill Lynch (BofA Securities)
1
Guggenheim Securities
1
Legal Deals
Morgan, Lewis & Bockius LLP
1
Willkie Farr & Gallagher LLP
1
Skadden, Arps, Slate, Meagher & Flom LLP
1

Deal Values

buy # Total
> $1B 5 $32.9B
$100M to $1B 2 $506M
TOTAL $33.4B
Largest American Life Insurance Co. (ALICO)
$16.2B (2010-11-01)
sell # Total
> $1B 1 $3.9B
$100M to $1B 1 $375M
TOTAL $4.3B
Largest MetLife Auto & Home
$3.9B (2020-12-11)

M&A Connections

Deals
Acquired from
Investor(s)
23%
3 (23%)
Strategic(s)
46%
6 (46%)
Divested to
Strategic(s)
100%
5 (100%)

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