M&A Deal Summary

Prudential Financial Acquires Hartford Financial - Insurance Arm

On September 27, 2012, Prudential Financial acquired insurance company Hartford Financial - Insurance Arm from The Hartford Financial Services Group for 615M USD

Acquisition Highlights
  • This is Prudential Financial’s 2nd transaction in the Insurance sector.
  • This is Prudential Financial’s 3rd largest (disclosed) transaction.
  • This is Prudential Financial’s 1st transaction in the United States.

M&A Deal Summary
Date 2012-09-27
Target Hartford Financial - Insurance Arm
Sector Insurance
Buyer(s) Prudential Financial
Sellers(s) The Hartford Financial Services Group
Deal Type Divestiture
Deal Value 615M USD

Target

Hartford Financial - Insurance Arm

United States
Hartford Financial's insurance business offers life insurance policies.

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Buyer(S) 1

Buyer

Prudential Financial

Newark, New Jersey, United States

website

Category Company
Founded 1875
Sector Insurance
Employees41,671
Revenue 60.1B USD (2022)
DESCRIPTION
Prudential office building in downtown Chicago, Illinois.
Prudential office building in downtown Chicago, Illinois.

Prudential Financial is a provider of arrange of financial products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. Prudential Financial was founded in 1875 and is based in Newark, New Jersey.

DEAL STATS #
Overall 2 of 6
Sector (Insurance) 2 of 6
Type (Divestiture) 2 of 3
Country (United States) 1 of 2
Year (2012) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 AIG Edison Life Insurance

Tokyo, Japan

AIG Edison Life Insurance Co. provides insurance services founded in 1998.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-16 Prudential Kenya

Nairobi, Kenya

Prudential Kenya is a provider of insurance services in Kenya.

Buy -

Seller(S) 1

SELLER

The Hartford Financial Services Group

Hartford, Connecticut, United States

website

Category Company
Founded 1810
Sector Insurance
Employees18,500
Revenue 21.9B USD (2022)
DESCRIPTION

The Hartford Financial Services Group is a provider of property and casualty insurance, group benefits and mutual funds. Hartford Financial is widely recognized for its service excellence, sustainability practices, trust and integrity. The Hartford Financial Services Group was founded in 1810 and is based in Hartford, Connecticut.

DEAL STATS #
Overall 4 of 8
Sector (Insurance) 4 of 8
Type (Divestiture) 4 of 8
Country (United States) 4 of 5
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-03 Trumbull Services

Hartford, Connecticut, United States

Trumbull Services LLC is a specialized service provider to the insurance industry, and possesses particular expertise in subrogation, premium collection and policy administration.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-16 Maxum Specialty Insurance Group

Alpharetta, Georgia, United States

Maxum Specialty Insurance Group is a provider of insurance services.

Buy $170M
Mergr

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