M&A Deal Summary

Allstate Acquires American Heritage Life Investment

On March 26, 1999, Allstate acquired insurance company American Heritage Life Investment

Acquisition Highlights
  • This is Allstate’s 1st transaction in the Insurance sector.
  • This is Allstate’s 1st transaction in the United States.
  • This is Allstate’s 1st transaction in Florida.

M&A Deal Summary
Date 1999-03-26
Target American Heritage Life Investment
Sector Insurance
Buyer(s) Allstate
Deal Type Add-on Acquisition

Target

American Heritage Life Investment

Jacksonville,, Florida, United States
American Heritage Life Investment Corporation offers life and health insurance services.

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Buyer(S) 1

Buyer

Allstate

Northbrook, Illinois, United States
Category Company
Founded 1931
Sector Insurance
Employees53,000
Revenue 57.1B USD (2023)
DESCRIPTION
Entrance to Allstate's corporate headquarters in Northbrook, Illinois.
Entrance to Allstate's corporate headquarters in Northbrook, Illinois.

Allstate is a US provider of insurance offerings, including property-liability insurance, auto/home, and life insurance. Allstate was formed in 1931 and is based in Northbrook, Illinois.

DEAL STATS #
Overall 1 of 14
Sector (Insurance) 1 of 6
Type (Add-on Acquisition) 1 of 11
State (Florida) 1 of 1
Country (United States) 1 of 14
Year (1999) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-24 CNA Personal Insurance

Chicago, Illinois, United States

CNA Personal Insurance specializes in personal insurance,company offers various insurance services and products.

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