M&A Deal Summary |
|
|---|---|
| Date | 2014-01-09 |
| Target | Summit Holding Southeast |
| Sector | Insurance |
| Buyer(s) | American Financial Group |
| Sellers(s) | Liberty Mutual Group |
| Deal Type | Divestiture |
| Deal Value | 250M USD |
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| Category | Company |
|---|---|
| Founded | 1872 |
| Sector | Insurance |
| Employees | 6,900 |
| Revenue | 7.7B USD (2023) |
American Financial Group is a holding company that operates through Great American Insurance Group, which is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets. American Financial Group was incorporated in 1872 and is based in Cincinnati, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 4 |
| Sector (Insurance) | 1 of 3 |
| Type (Divestiture) | 1 of 2 |
| State (Florida) | 1 of 1 |
| Country (United States) | 1 of 4 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-05-10 |
Great American Supplemental Benefits Group
Austin, Texas, United States Great American Supplemental Benefits offers an array of quality, competitive products that are specifically designed for the work site market and offers the benefits and features most important to today’s employees. Employees who purchase supplemental health and life products through us are not only buying insurance, but also peace of mind. |
Sell | $305M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-12-24 |
Continental General Insurance
Omaha, Nebraska, United States Continental General Insurance Co. is a provider of insurance services. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1912 |
| Sector | Insurance |
| Employees | 50,000 |
Liberty Mutual Group is an insurance company. Liberty offers a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products. Liberty Mutual was formed in 1912 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 7 |
| Sector (Insurance) | 2 of 7 |
| Type (Divestiture) | 2 of 7 |
| State (Florida) | 1 of 1 |
| Country (United States) | 2 of 4 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-03-29 |
KIT Finance Insurance OJSC
St. Petersburg, Russia KIT Finance Insurance is a direct distribution insurer providing primarily automobile and property insurance in St. Petersburg and Moscow. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-06-12 |
Hughes Insurance
Newtownards, United Kingdom Hughes Insurance operates exclusively in Northern Ireland selling motor, van, home, business and travel insurance. Hughes has a customer service centre and branch in Newtownards and 11 other branches. Hughes distributes 1 in 5 motor insurance policies sold in Northern Ireland and has a rapidly growing household and SME commercial insurance book. |
Buy | - |
