M&A Deal Summary

Brookfield Reinsurance Acquires American Equity Investment Life Holding

On April 30, 2024, Brookfield Reinsurance acquired insurance company American Equity Investment Life Holding for 4.3B USD

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

M&A Deal Summary
Date 2024-04-30
Target American Equity Investment Life Holding
Sector Insurance
Buyer(s) Brookfield Reinsurance
Deal Type Add-on Acquisition
Deal Value 4.3B USD

Target

American Equity Investment Life Holding

West Des Moines, Iowa, United States
American Equity Investment Life Holding provides life insurance products in the United States. The company issues fixed index and rate annuities, as well as single premium immediate annuities. American Equity Investment Life Holding was founded in 1995 and is based in West Des Moines, Iowa.

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Buyer(S) 1

Buyer

Brookfield Reinsurance

Pembroke, Bermuda
Category Company
Founded 2020
Sector Insurance
Revenue 7.0B USD (2023)
DESCRIPTION

Brookfield Reinsurance provides capital solutions for insurance and reinsurance companies, and pension risk transfer products for Canadian pension plan sponsors. Brookfield Reinsurance was founded in 2020 and is based in Pembroke, Bermuda.

DEAL STATS #
Overall 3 of 3
Sector (Insurance) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Iowa) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 Argo Group

Pembroke, Bermuda

Argo Group offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses. Argo Group was founded in 1986 and is based in Pembroke, Bermuda.

Buy $1.1B
Mergr

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