M&A Deal Summary

Dai-ichi Life Acquires Protective Life

On October 6, 2014, Dai-ichi Life acquired insurance company Protective Life for 5.7B USD

Acquisition Highlights
  • This is Dai-ichi Life’s 1st transaction in the Insurance sector.
  • This is Dai-ichi Life’s largest (disclosed) transaction.
  • This is Dai-ichi Life’s 1st transaction in the United States.
  • This is Dai-ichi Life’s 1st transaction in Alabama.

M&A Deal Summary
Date 2014-10-06
Target Protective Life
Sector Insurance
Buyer(s) Dai-ichi Life
Deal Type Add-on Acquisition
Deal Value 5.7B USD
Advisor(s) Morgan Stanley (Financial)
Debevoise & Plimpton (Legal)

Target

Protective Life

Birmingham, Alabama, United States
Entrance to Protective Life's corporate headquarters in Birmingham, Alabama.
Entrance to Protective Life's corporate headquarters in Birmingham, Alabama.
Protective Life Corporation provides financial services in the United States. The Company is engaged in the production, distribution, and administration of insurance and investment products. Protective Life Corp. was formed in 1907 and is headquartered in Birmingham, Alabama.

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Buyer(S) 1

Buyer

Dai-ichi Life

Tokyo, Japan
Category Company
Founded 1902
Sector Insurance
Employees59,495
Revenue 10.49T JPY (2024)
DESCRIPTION

Dai-ichi Life is a life insurance company. Dai-ichi offers underwriting of insurance policies, including personal insurance, individual annuity insurance, group insurance, group pension insurance, other insurances and reinsurance. Dai-ichi Life was founded in 1902 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 5
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Alabama) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-12 Partners Life

Auckland, New Zealand

Partners Life is a provider of life insurance, income protection, medical insurance, disability insurance, trauma cover and business risk protection products and services. Partners Life was formed in 2010 and is based in Auckland, New Zealand.

Buy -
Mergr

Product

Company

Legal