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  6. Assurant Acquires American Memorial Life Insurance Co.

M&A Deal Summary

Assurant Acquires American Memorial Life Insurance Co.

On July 27, 2000, Assurant acquired insurance company American Memorial Life Insurance Co. from SCI for 200M USD

Acquisition Highlights
  • This is Assurant’s 1st transaction in the Insurance sector.
  • This is Assurant’s 3rd largest (disclosed) transaction.
  • This is Assurant’s 2nd transaction in the United States.
  • This is Assurant’s 1st transaction in South Dakota.

M&A Deal Summary
Date 2000-07-27
Target American Memorial Life Insurance Co.
Sector Insurance
Buyer(s) Assurant
Sellers(s) SCI
Deal Type Divestiture
Deal Value 200M USD

Target

American Memorial Life Insurance Co.

Rapid City, South Dakota, United States
American Memorial Life Insurance Co. is a provider of prearranged funeral insurance company.

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Buyer(S) 1

Buyer

Assurant

Atlanta, Georgia, United States
Category Company
Founded 1892
Sector Insurance
Employees14,200
Revenue 11.5B USD (2024)
DESCRIPTION
Assurant office complex in Doral, Florida.
Assurant office complex in Doral, Florida.

Assurant is a provider of specialty insurance products in the U.S. and in select worldwide markets. The company operates its business through four business segments: Assurant Employee Benefits, Assurant Health, Assurant Solutions, and Assurant Specialty Property. Assurant was incorporated in 1969 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 17
Sector: Insurance M&A 1 of 6
Type: Divestiture M&A Deals 1 of 6
State: South Dakota M&A 1 of 1
Country: United States M&A 2 of 14
Year: 2000 M&A 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1980-01-01 Interfinancial

New York, New York, United States

Interfinancial, Inc. is a provider of financial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Safeco Financial Institution Solutions

Santa Ana, California, United States

Safeco Financial Institution Solutions, Inc. is a provider of creditor-placed homeowners insurance and direct tracking services for mortgage lenders and servicers nationwide.

Buy -

Seller(S) 1

SELLER

SCI

Houston, Texas, United States
Category Company
Founded 1962
Sector Consumer Services
Employees17,685
Revenue 4.2B USD (2024)
DESCRIPTION
Entrance to Service Corporation International's corporate headquarters in Houston, Texas.
Entrance to Service Corporation International's corporate headquarters in Houston, Texas.

SCI is a provider of deathcare products and services. SCI was founded in 1962 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 8
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 8
State: South Dakota M&A 1 of 1
Country: United States M&A 1 of 7
Year: 2000 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-01 Dignity

West Midlands, United Kingdom

At Dignity we are funeral people – it's all we do. We strive to set the highest standards for the funeral profession in terms of client service and care for the deceased.

Sell -
Mergr

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