M&A Deal Summary

Lincoln Financial Group Acquires Liberty Life Assurance Company of Boston

On January 19, 2018, Lincoln Financial Group acquired insurance company Liberty Life Assurance Company of Boston from Liberty Mutual Group

Acquisition Highlights
  • This is Lincoln Financial Group’s 2nd transaction in the Insurance sector.
  • This is Lincoln Financial Group’s 3rd transaction in the United States.
  • This is Lincoln Financial Group’s 1st transaction in New Hampshire.

M&A Deal Summary

Date 2018-01-19
Target Liberty Life Assurance Company of Boston
Sector Insurance
Buyer(s) Lincoln Financial Group
Sellers(s) Liberty Mutual Group
Deal Type Divestiture

Target

Liberty Life Assurance Company of Boston

Dover, New Hampshire, United States
Liberty Life Assurance Company of Boston is a provider of insurance service and products and structured settlement annuities. Liberty Life Assurance Company of Boston was founded in 1964 and is based in Dover, New Hampshire.

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Buyer(S) 1

Buyer

Lincoln Financial Group

Radno, Pennsylvania, United States

Category Company
Founded 1905
Sector Insurance
Employees11,024
Revenue 11.7B USD (2023)
DESCRIPTION

Lincoln Financial Group is a provider of an advice and solutions in life insurance, annuities, retirement plan services and group protection. Lincoln Financial was founded in 1904 and is based in Radno, Pennsylvania.


DEAL STATS #
Overall 3 of 3
Sector (Insurance) 2 of 2
Type (Divestiture) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 3 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-16 Lincoln Financial Media

United States

Lincoln Financial Media Corp. is a operate LFM stations.

Sell $105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-15 Lincoln Wealth

Radno, Pennsylvania, United States

Lincoln Wealth offer holistic financial planning and advisory services to affluent clients and oversee. Lincoln Wealth is based in Radno, Pennsylvania.

Sell -

Seller(S) 1

SELLER

Liberty Mutual Group

Boston, Massachusetts, United States

Category Company
Founded 1912
Sector Insurance
Employees50,000
DESCRIPTION
Liberty Mutual office in Charlotte, North Carolina.
Liberty Mutual office in Charlotte, North Carolina.

Liberty Mutual Group is an insurance company. Liberty offers a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products. Liberty Mutual was formed in 1912 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 4 of 7
Sector (Insurance) 4 of 7
Type (Divestiture) 4 of 7
State (New Hampshire) 1 of 1
Country (United States) 3 of 4
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-21 TRU Services

Beverly, Massachusetts, United States

TRU Services LLC is specialized in providing Medical Stop Loss products to mid- and large-size medical plan sponsors. TRU underwrites both specific and aggregate stop loss coverage, administering approximately $65 million in premium in 2016.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-23 Liberty Sigorta A.S.

Boston, Massachusetts, United States

Liberty Sigorta A.S. is a provider of products and services such as marine, engineering, agriculture, commercial property insurances, also offers personal auto, homeowners and personal accident insurances customized to customer needs. Liberty Sigorta A.S. is based in Boston, Massachusetts.

Sell -