M&A Deal Summary

American Family Mutual Insurance Acquires Ameriprise Financial - Auto & Home Business

On April 2, 2019, American Family Mutual Insurance acquired insurance company Ameriprise Financial - Auto & Home Business from Ameriprise Financial for 1.1B USD

Acquisition Highlights
  • This is American Family Mutual Insurance’s 5th transaction in the Insurance sector.
  • This is American Family Mutual Insurance’s largest (disclosed) transaction.
  • This is American Family Mutual Insurance’s 7th transaction in the United States.
  • This is American Family Mutual Insurance’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2019-04-02
Target Ameriprise Financial - Auto & Home Business
Sector Insurance
Buyer(s) American Family Mutual Insurance
Sellers(s) Ameriprise Financial
Deal Type Divestiture
Deal Value 1.1B USD

Target

Ameriprise Financial - Auto & Home Business

De Pere, Wisconsin, United States
Ameriprise Financial, Inc. - Auto & Home Business is a property-casualty insurance provider that primarily sells its products through partnership with wholesale retailer Costco. AAH is based in De Pere, Wisconsin.

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Buyer(S) 1

Buyer

American Family Mutual Insurance

Madison, Wisconsin, United States

Category Company
Founded 1927
Sector Insurance
DESCRIPTION

American Family Insurance is a private mutual company that focuses on property, casualty and auto insurance, but also offers commercial insurance, life, health, and homeowners coverage, as well as investment and retirement-planning products.


DEAL STATS #
Overall 7 of 7
Sector (Insurance) 5 of 5
Type (Divestiture) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 7 of 7
Year (2019) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-14 Networked Insights

Chicago, Illinois, United States

Networked Insights, Inc. is a marketing decision platform that analyzes social data for brands to strategize advertising, research and product development. Networked Insights, Inc. was founded in 2006 and is headquartered in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-12 The General

Nashville, Tennessee, United States

The General is an insurance agency involved in writing automobile insurance in many states throughout the country. The agency offers auto insurance online underwritten by the following insurance companies: Permanent General Assurance Corporation (NAIC #37648), Permanent General Assurance Corporation of Ohio (NAIC #22906), and The General Automobile Insurance Company, Inc. (NAIC #13703). The General is based in Nashville, Tennessee.

Sell $1.7B

Seller(S) 1

SELLER

Ameriprise Financial

Minneapolis, Minnesota, United States

Category Company
Founded 1894
Sector Financial Services
Employees13,800
Revenue 15.5B USD (2023)
DESCRIPTION
Ameriprise Financial's corporate headquarters in downtown Minneapolis, Minnesota.
Ameriprise Financial's corporate headquarters in downtown Minneapolis, Minnesota.

Ameriprise Financial is a diversified financial services company. Ameriprise offers a broad range of products and services designed to achieve the financial objectives of individual and institutional clients. Ameriprise Financial was incorporated in 1894 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-24 Investment Professionals

San Antonio, Texas, United States

Investment Professionals, Inc. is an investment and insurance brokerage firm specializing in the on-site delivery of investment programs for financial institutions across the United States. Investment Professionals was founded in 1992 and is based in San Antonio, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 BMO - EMEA Asset Management Business

London, United Kingdom

BMO's EMEA Asset Management Business accelerates Ameriprise’s strategy of growing its fee-based businesses and increasing the overall contribution of Wealth Management and Asset Management within its diversified business. BMO's EMEA Asset Management Business is based in London, United Kingdom.

Buy £615M