M&A Deal Summary

Guaranty Income Life Insurance Co. Acquires Lincoln Benefit Life Co.

On July 25, 2019, Guaranty Income Life Insurance Co. acquired insurance company Lincoln Benefit Life Co.

Acquisition Highlights
  • This is Guaranty Income Life Insurance Co.’s 1st transaction in the Insurance sector.
  • This is Guaranty Income Life Insurance Co.’s 1st transaction in the United States.
  • This is Guaranty Income Life Insurance Co.’s 1st transaction in Nebraska.

M&A Deal Summary

Date 2019-07-25
Target Lincoln Benefit Life Co.
Sector Insurance
Buyer(s) Guaranty Income Life Insurance Co.
Deal Type Add-on Acquisition
Advisor(s) Morgan Stanley (Financial)
Debevoise & Plimpton (Legal)

Target

Lincoln Benefit Life Co.

Lincoln, Nebraska, United States
Lincoln Benefit Life Co. is a provider of life insurance and annuity solutions. Lincoln Benefit Life Co. services approximately 200,000 policyholders and is licensed in 49 states. It is rated A- (Excellent) by A.M. Best and BBB (Good) by Standard & Poor’s.

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Buyer(S) 1

Buyer

Guaranty Income Life Insurance Co.

Baton Rouge, Louisiana, United States

Category Company
Founded 1926
Sector Insurance
DESCRIPTION

Guaranty Income Life Insurance Company (GILICO) offers competitive life insurance, long-term care, and annuity products and services to help families meet their financial needs, including wealth protection and wealth creation, today and in the future.GILICO is one of the fastest growing life insurance companies in the United States because of our innovative products, 24-hour Web site assistance, agent training emphasis, and efficient, friendly service.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Nebraska M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1