M&A Deal Summary

Aflac Acquires Continental American Insurance

On July 29, 2009, Aflac acquired insurance company Continental American Insurance for 100M USD

Acquisition Highlights
  • This is Aflac’s 1st transaction in the Insurance sector.
  • This is Aflac’s largest (disclosed) transaction.
  • This is Aflac’s 1st transaction in the United States.
  • This is Aflac’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2009-07-29
Target Continental American Insurance
Sector Insurance
Buyer(s) Aflac
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

Continental American Insurance

Columbia, South Carolina, United States
Continental American Insurance Co. is a seller of group insurance policies to employers. CAIC specializes in offering voluntary group insurance products that are distributed by insurance brokers at the worksite.

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Buyer(S) 1

Buyer

Aflac

Columbus, Georgia, United States

Category Company
Founded 1955
Sector Insurance
Employees12,882
Revenue 18.8B USD (2023)
DESCRIPTION

Aflac is an insurance provider operating in the US and Japan. The company's products have allows policyholders to direct cash where it is needed most when a life-interrupting medical event causes financial challenges. Aflac was incorporated in 1955 and is based in Columbus, Georgia.


DEAL STATS #
Overall 1 of 3
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (South Carolina) 1 of 1
Country (United States) 1 of 2
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 Argus Dental & Vision

Tampa, Florida, United States

Argus Dental & Vision, Inc. provides administration of dental and vision benefits that offer value and quality. Argus is licensed as a Pre-Paid Limited Health Service Organization and a Discount Plan Organization in Florida, a Third-Party Administrator in 48 states, and a Discount Health Care Program Operator in Texas. Argus is the first dental plan and vision plan in the United States to earn accreditation for quality care by the Accreditation Association for Ambulatory Health Care (AAAHC).

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