Divestiture • Insurance

AXA Acquires Liberty Ubezpieczenia

On December 18, 2015, AXA acquired insurance company Liberty Ubezpieczenia from Liberty Mutual Group for 92M PLN

Acquisition Context
  • This is AXA’s 10th transaction in the Insurance sector.
  • This is AXA’s 9th largest (disclosed) transaction.
  • This is AXA’s 1st transaction in Poland.

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M&A Deal Summary

Date December 18, 2015
Target Liberty Ubezpieczenia
Sector Insurance
Buyer(s) AXA
Sellers(s) Liberty Mutual Group
Deal Type Divestiture
Deal Value 92M PLN

Target Company

Liberty Ubezpieczenia

Warsaw, Poland
Liberty Ubezpieczenia is a provider of multi-line insurance services. Liberty Ubezpieczenia was founded in 2007 and is based in Warsaw, Poland.
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Buyer Overview 1

Buyer

AXA

Paris, France

Category Company
Founded 1852
Sector Insurance
Employees100,041
Revenue 89.8B EUR (2024)
DESCRIPTION

AXA is a provider of financial protection and asset management services primarily in western Europe, North America, the Asia Pacific region, the Middle East, and Africa. The Company offers a range of life and savings products, including individual and group savings retirement products, life and health products. The Property & Casualty segment includes a range of products, including motor, property and general liability insurance for both personal and commercial customers. AXA was founded in 1852 and is based in Paris, France.


Deal Context for Buyer #
Overall 10 of 15
Sector: Insurance 10 of 12
Type: Divestiture 4 of 5
Country: Poland 1 of 1
Year: 2015 6 of 6
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 Genworth Financial - Lifestyle Protection Insurance Business

United States

Genworth Financial - Lifestyle Protection Insurance Business is a provider of insurance services.

Buy $490M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-07 AXA Nezivotno Osiguranje a.d.o.

New Belgrade, Serbia

AXA Nezivotno Osiguranje a.d.o. is a provider of non life insurance products and services. The company was incorporated in 2011 and is based in New Belgrade, Serbia.

Sell -

Seller Profile 1

SELLER

Liberty Mutual Group

Boston, Massachusetts, United States

Category Company
Founded 1912
Sector Insurance
Employees50,000
DESCRIPTION
Liberty Mutual office in Charlotte, North Carolina.
Liberty Mutual office in Charlotte, North Carolina.

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 Context for Seller #
Overall 3 of 9
Sector: Insurance 3 of 9
Type: Divestiture 3 of 9
Country: Poland 1 of 1
Year: 2015 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-14 Compañía de Seguros Generales Penta Security SA

Las Condes Santiago de Chile, Chile

Compañía de Seguros Generales Penta Security SA is a provider of property and casualty insurance services.

Buy -

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