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Add-on Acquisition • Insurance

Globe Life Acquires American Income Life Insurance Co.

On September 16, 1994, Globe Life acquired insurance company American Income Life Insurance Co. for 563M USD

Acquisition Context
  • This is Globe Life’s 2nd transaction in the Insurance sector.
  • This is Globe Life’s largest (disclosed) transaction.
  • This is Globe Life’s 2nd transaction in the United States.
  • This is Globe Life’s 1st transaction in Texas.

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M&A Deal Summary
Date September 16, 1994
Target American Income Life Insurance Co.
Sector Insurance
Buyer(s) Globe Life
Deal Type Add-on Acquisition
Deal Value 563M USD

Target Company

American Income Life Insurance Co.

Waco, Texas, United States
American Income Life Insurance Company has served working class families since 1951. Our life and supplemental accident and health products help protect members of labor unions, credit unions, associations and their families. AIL is a company that cares about its policyholders and worthy causes that make a difference in the world.
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Buyer Overview 1

Buyer

Globe Life

McKinney, Texas, United States
Category Company
Founded 1979
Sector Insurance
Employees3,636
Revenue 5.8B USD (2024)
DESCRIPTION
Entrance to Torchmark's corporate headquarters in Mckinney, Texas.
Entrance to Torchmark's corporate headquarters in Mckinney, Texas.

Globe Life is a holding company specializing in life and supplemental health insurance for middle income Americans marketed through multiple distribution channels including direct response, and exclusive and independent agencies. Globe Life was founded in 1979 and is based in Mckinney, Texas.

Deal Context for Buyer #
Overall 2 of 5
Sector: Insurance 2 of 5
Type: Add-on Acquisition 1 of 3
State: Texas 1 of 2
Country: United States 2 of 4
Year: 1994 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1981-10-01 United Investors Life Insurance Co.

Hoover, Alabama, United States

United Investors Life Insurance Co. provides life insurance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-14 United Investors Life Insurance Co.

Hoover, Alabama, United States

United Investors Life Insurance Co. provides life insurance services.

Sell $332M

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