M&A Deal Summary

Farmers Group Acquires MetLife Auto & Home

On December 11, 2020, Farmers Group acquired insurance company MetLife Auto & Home from MetLife for 3.9B USD

Acquisition Highlights
  • This is Farmers Group’s 4th transaction in the Insurance sector.
  • This is Farmers Group’s largest (disclosed) transaction.
  • This is Farmers Group’s 4th transaction in the United States.
  • This is Farmers Group’s 1st transaction in New York.

M&A Deal Summary
Date 2020-12-11
Target MetLife Auto & Home
Sector Insurance
Buyer(s) Farmers Group
Sellers(s) MetLife
Deal Type Divestiture
Deal Value 3.9B USD

Target

MetLife Auto & Home

New York, New York, United States
MetLife Auto & Home is a metropolitan property and casualty insurance company that offers a range of home insurance solutions to balance costs with employee needs. MetLife Auto & Home insurance offers access to auto insurance that helps to alleviate employee stress, with no benefit-cost and little to no work for customers.

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Buyer(S) 1

Buyer

Farmers Group

Los Angeles,, California, United States
Category Company
Founded 1928
Sector Insurance
Employees7,935
DESCRIPTION

Farmers Group, Inc. offers multiline insurance in the United States. Company provides Auto Insurance,Collectible Auto insurance, Motorcycle insurance, Boat insurance, Travel Trailer insurance, Motor Home insurance.

DEAL STATS #
Overall 4 of 4
Sector (Insurance) 4 of 4
Type (Divestiture) 2 of 2
State (New York) 1 of 1
Country (United States) 4 of 4
Year (2020) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-19 Foremost Insurance

Caledonia, Michigan, United States

Foremost Insurance Co. is a provider of insurance mobile homes and recreational vehicles. Foremost Insurance was founded in 1967 and is based in Caledonia, Michigan.

Sell -

Seller(S) 1

SELLER

MetLife

New York, New York, United States
Category Company
Founded 1863
Sector Insurance
Employees45,000
Revenue 66.4B USD (2023)
DESCRIPTION
The MetLife Tower in New York City.
The MetLife Tower in New York City.

MetLife is a global financial services and insurance company, offering clients planning, retirement, and savings solutions. MetLife was formed in 1863 and is based in New York City.

DEAL STATS #
Overall 5 of 5
Sector (Insurance) 3 of 3
Type (Divestiture) 5 of 5
State (New York) 1 of 1
Country (United States) 4 of 4
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-17 Versant Health Holdco

Linthicum, Maryland, United States

Versant Health is a provider of trusted managed eye health and vision care plan for members, clients, brokers, and eye care professionals in the industry. Versant Health owns the well-established marketplace brands Davis Vision and Superior Vision. Versant Health is based in Linthicum, Maryland.

Buy $1.7B
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