M&A Deal Summary |
|
|---|---|
| Date | 2021-01-27 |
| Target | Great American Insurance |
| Sector | Insurance |
| Buyer(s) | Massachusetts Mutual Life Insurance |
| Sellers(s) | American Financial Group |
| Deal Type | Divestiture |
| Deal Value | 3.5B USD |
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| Category | Company |
|---|---|
| Founded | 1851 |
| Sector | Insurance |
MassMutual is a mutual life insurance company that is run for the benefit of its members and participating policyholders. Company offers various products and solutions, including annuities, college savings plans (529), disability income insurance, individual retirement account, investments, life insurance.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector (Insurance) | 2 of 2 |
| Type (Divestiture) | 2 of 2 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 5 of 5 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-09-08 |
MassMutual Retirement Plan Business
Springfield, Massachusetts, United States MassMutual Retirement Plan Business comprises 26,000 workplace savings plans through which approximately 2.5 million participants have saved $167 billion in assets.1 It also includes approximately 2,000 employees affiliated with MassMutual’s retirement plan business who provide a full range of support services for financial professionals, plan sponsors, and participants. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1872 |
| Sector | Insurance |
| Employees | 6,900 |
| Revenue | 7.7B USD (2023) |
American Financial Group is a holding company that operates through Great American Insurance Group, which is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets. American Financial Group was incorporated in 1872 and is based in Cincinnati, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Insurance) | 4 of 4 |
| Type (Divestiture) | 4 of 4 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 4 of 4 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-11 |
ABA Insurance Services
Shaker Heights, Ohio, United States ABA Insurance Services, Inc. is a provider of D&O and other complementary insurance solutions for banks, small businesses and nonprofit organizations, with a history that dates back thirty years. |
Buy | $28M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-18 |
Verikai
San Francisco, California, United States Verikai is a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk. Verikai was founded in 2018 and based in San Francisco, California. |
Buy | - |
