M&A Deal Summary

Aflac Acquires Zurich Insurance Group - Corporate Group Life & Pensions Business

On March 19, 2020, Aflac acquired insurance company Zurich Insurance Group - Corporate Group Life & Pensions Business from Zurich

Acquisition Highlights
  • This is Aflac’s 2nd transaction in the Insurance sector.
  • This is Aflac’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2020-03-19
Target Zurich Insurance Group - Corporate Group Life & Pensions Business
Sector Insurance
Buyer(s) Aflac
Sellers(s) Zurich
Deal Type Divestiture

Target

Zurich Insurance Group - Corporate Group Life & Pensions Business

Zurich, Switzerland
Zurich North America's Corporate Group Life and Pensions business offers exclusively true group life, short- and long-term disability and absence management solutions aimed at delivering an end-to-end offering that help make it easier for companies to manage their employee absences while also helping align with federal and state leave laws and quickly adapt as new laws are passed.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Aflac

Columbus, Georgia, United States

Category Company
Founded 1955
Sector Insurance
Employees12,694
Revenue 19.1B USD (2024)
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 3 of 3
Sector: Insurance M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: Switzerland M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS 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).

Buy -

Seller(S) 1

SELLER

Zurich

Zurich, Switzerland

Category Company
Founded 1872
Sector Insurance
Employees60,000
Revenue 77.7B USD (2024)
DESCRIPTION
Entrance to Zurich Insurance's headquarters in Zurich, Switzerland.
Entrance to Zurich Insurance's headquarters in Zurich, Switzerland.

Zurich is a multi-line insurer that serves its customers in global and local markets. Zurich provides a wide range of general insurance and life insurance products and services. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. Zurich was formed in 1872 and is based in Zurich, Switzerland.


DEAL STATS #
Overall 5 of 7
Sector: Insurance M&A 3 of 4
Type: Divestiture M&A Deals 5 of 7
Country: Switzerland M&A 1 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-25 Sea Pine Technologies

Dallas, Texas, United States

Sea Pine Technologies is a digital application designed to enable dealers to meet the growing consumer demand for automotive F&I products, retain customers and increase their bottom lines. Sea Pine Technologies was founded in 2016 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-08 HealthLOGIX

Highland Park, Michigan, United States

HealthLOGIX is a provider and distributor of health insurance ID Cards, Enrollment Kits, EOBs, and Statements. Its steadfast commitment to the provision of quality products and exceptional service has propelled HealthLOGIX to the forefront of the insurance industry. Its online solutions allow health plan clients to manage and audit materials with immediate results and approval allowances.

Buy -