M&A Deal Summary

Manulife Acquires The Pramerica Life Insurance Co.

On May 15, 2006, Manulife acquired insurance company The Pramerica Life Insurance Co. from Pramerica Financial

Acquisition Highlights
  • This is Manulife’s 2nd transaction in the Insurance sector.
  • This is Manulife’s 1st transaction in Philippines.

M&A Deal Summary

Date 2006-05-15
Target The Pramerica Life Insurance Co.
Sector Insurance
Buyer(s) Manulife
Sellers(s) Pramerica Financial
Deal Type Divestiture

Target

The Pramerica Life Insurance Co.

Philippines
The Pramerica Life Insurance Co., Inc. is a provider of insurance products and services.

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Buyer(S) 1

Buyer

Manulife

Toronto, Ontario, Canada

Category Company
Founded 1887
Sector Financial Services
Employees37,000
Revenue 45.6B CAD (2024)
DESCRIPTION

Manulife is a financial services company with principal operations in Asia, Canada and the United States. Manulife was founded in 1887 and is based in Toronto, Ontario.


DEAL STATS #
Overall 3 of 10
Sector: Insurance M&A 2 of 5
Type: Divestiture M&A Deals 2 of 5
Country: Philippines M&A 1 of 1
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-29 John Hancock Financial Services

Boston, Massachusetts, United States

John Hancock Financial Services, Inc. is a financial services provider offering investment solutions, advisory services, insurance programs, and retirement planning.

Buy $10.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-19 First Securities Investment Trust Co.

Taipei, Taiwan

First Securities Investment Trust Co. Ltd. is a provider of financial services in Taiwan.

Buy -

Seller(S) 1

SELLER

Pramerica Financial

London, United Kingdom

Category Company
Founded 1971
Sector Financial Services
DESCRIPTION

Pramerica Financial Ltd. is a provider of financial products and services.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Philippines M&A 1 of 1
Year: 2006 M&A 1 of 1