M&A Deal Summary

Anbang Insurance Group Acquires Allianz Life Insurance

On April 6, 2016, Anbang Insurance Group acquired insurance company Allianz Life Insurance from Allianz

Acquisition Highlights
  • This is Anbang Insurance Group’s 3rd transaction in the Insurance sector.
  • This is Anbang Insurance Group’s 1st transaction in South Korea.

M&A Deal Summary
Date 2016-04-06
Target Allianz Life Insurance
Sector Insurance
Buyer(s) Anbang Insurance Group
Sellers(s) Allianz
Deal Type Divestiture

Target

Allianz Life Insurance

Seoul, South Korea
Allianz Life Insurance Co., Ltd. is a provider of life, variable life, annuity, health, stock index linked, and group accident insurance products, as well as pension products.

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Buyer(S) 1

Buyer

Anbang Insurance Group

Chaoyang, China
Category Company
Founded 2004
Sector Insurance
DESCRIPTION

Anbang Insurance Group is one of the comprehensive groups companies in insurance business of China, presently provides services of property insurance, life insurance, health insurance, asset management, insurance sales agent and insurance broker.

DEAL STATS #
Overall 4 of 4
Sector (Insurance) 3 of 3
Type (Divestiture) 3 of 3
Country (South Korea) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-09 Fidelity & Guaranty Life Insurance

Des Moines, Iowa, United States

Fidelity & Guaranty Life Insurance Co. is a provider of professional and advanced life insurance and annuity products in the US market. With Anbang’s long-term, diversified global investment strategy and globalized, comprehensive financial services platform, Fidelity & Guaranty Life Insurance Company will become even more competitive in the market by providing more products and professional services to its clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-24 Fidelity & Guaranty Life Insurance

Des Moines, Iowa, United States

Fidelity & Guaranty Life Insurance Co. is a provider of professional and advanced life insurance and annuity products in the US market. With Anbang’s long-term, diversified global investment strategy and globalized, comprehensive financial services platform, Fidelity & Guaranty Life Insurance Company will become even more competitive in the market by providing more products and professional services to its clients.

Sell $1.8B

Seller(S) 1

SELLER

Allianz

Munich, Germany
Category Company
Founded 1890
Sector Insurance
Employees157,883
Revenue 103.0B EUR (2023)
DESCRIPTION

Allianz is a provider of insurance and fund products to over 86 million customers in more than 70 countries. Company retail and corporate clients enjoy an extensive product selection in all insurance business lines, designed to protect them against any risks. Company are one of the leading property and casualty insurers and are among the top five companies in life and health insurance. Allianz was founded in 1890 and is based in Munich, Germany.

DEAL STATS #
Overall 5 of 6
Sector (Insurance) 3 of 3
Type (Divestiture) 5 of 6
Country (South Korea) 1 of 1
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-24 AGF Insurance

Milton Keynes, United Kingdom

AGF Insurance Ltd. is a provider of full range of insurance services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-04 Zurich Assurances Maroc S.A.

Casablanca, Morocco

Zurich Assurances Maroc is one of the largest insurance companies in Morocco, currently ranking at number 7 in the property and casualty market and serving more than 600,000 customers. In 2015, Zurich Assurances Maroc generated 114 million euros in gross premiums written. The company also has a license for life and health insurance products, which Allianz plans to utilize.

Buy €244M
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