M&A Deal Summary

Jackson National Life Insurance Co. Acquires John Hancock Life Insurance Co. - Group Payout Annuity business

On November 1, 2018, Jackson National Life Insurance Co. acquired insurance company John Hancock Life Insurance Co. - Group Payout Annuity business from John Hancock Life Insurance Co.

Acquisition Highlights
  • This is Jackson National Life Insurance Co.’s 1st transaction in the Insurance sector.
  • This is Jackson National Life Insurance Co.’s 1st transaction in the United States.
  • This is Jackson National Life Insurance Co.’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2018-11-01
Target John Hancock Life Insurance Co. - Group Payout Annuity business
Sector Insurance
Buyer(s) Jackson National Life Insurance Co.
Sellers(s) John Hancock Life Insurance Co.
Deal Type Divestiture

Target

John Hancock Life Insurance Co. - Group Payout Annuity business

Boston, Massachusetts, United States
John Hancock Life Insurance Co., Inc. - Group Payout Annuity business includes 100% reinsurance of a closed block of group annuities.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Jackson National Life Insurance Co.

Lansing, Michigan, United States

Category Company
Founded 1961
Sector Insurance
DESCRIPTION

Jackson National Life Insurance Co. is a provider of retirement products for industry professionals and their clients. The company and its affiliates offer variable, fixed and fixed index annuities designed for tax-efficient growth and distribution of retirement income for retail customers, as well as products for institutional investors. Jackson National Life Insurance was formed in 1961 and is based in Lansing, Michigan.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

John Hancock Life Insurance Co.

Boston, Massachusetts, United States

Category Company
Founded 1862
Sector Insurance
DESCRIPTION

John Hancock Life Insurance Company provides insurance and investment products and services to retail and institutional customers.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-17 Primary Energy Recycling

Oak Brook, Illinois, United States

Primary Energy Recycling is a developer, owner and operator of power and thermal cogeneration systems onsite at industrial facilities. Primary Energy Recycling was founded in 2003 and is based in Oak Brook, Illinois.

Buy -