M&A Deal Summary

Citizens Insurance Company of America Acquires Security Plan Life Insurance Co.

On October 1, 2004, Citizens Insurance Company of America acquired insurance company Security Plan Life Insurance Co.

Acquisition Highlights
  • This is Citizens Insurance Company of America’s 1st transaction in the Insurance sector.
  • This is Citizens Insurance Company of America’s 1st transaction in the United States.
  • This is Citizens Insurance Company of America’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2004-10-01
Target Security Plan Life Insurance Co.
Sector Insurance
Buyer(s) Citizens Insurance Company of America
Deal Type Add-on Acquisition

Target

Security Plan Life Insurance Co.

Donaldsonville, Louisiana, United States
Security Plan Life Insurance Co. is a provider of life insurance products including graded death benefit, super triple protector.

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Buyer(S) 1

Buyer

Citizens Insurance Company of America

Howell, Michigan, United States

Category Company
Founded 1915
Sector Insurance
DESCRIPTION

Citizens Insurance Company of America is a provider of personal and commercial insurance services.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Louisiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2004 M&A 1 of 1