M&A Deal Summary

Atlantic American Acquires Direct Life Insurance Co.

On December 20, 2013, Atlantic American acquired insurance company Direct Life Insurance Co. from Direct General

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

M&A Deal Summary

Date 2013-12-20
Target Direct Life Insurance Co.
Sector Insurance
Buyer(s) Atlantic American
Sellers(s) Direct General
Deal Type Divestiture

Target

Direct Life Insurance Co.

United States
Direct Life Insurance Co. is a provider of insurance services.

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Buyer(S) 1

Buyer

Atlantic American

Atlanta, Georgia, United States

Category Company
Founded 1937
Sector Insurance
Employees153
Revenue 188M USD (2024)
DESCRIPTION

Atlantic American is an insurance holding company involved through its subsidiary companies in specialty markets of the life, health, and property and casualty insurance industries. Atlantic American was founded in 1937 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

Direct General

Nashville, Tennessee, United States

Category Company
Founded 1991
Sector Insurance
DESCRIPTION

Direct General Corp. is a financial services company providing non-standard personal automobile insurance, term life insurance, premium finance and other consumer finance products and services through retail offices.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1