M&A Deal Summary

Massachusetts Mutual Life Insurance Acquires Metropolitan Life Insurance

On July 12, 2016, Massachusetts Mutual Life Insurance acquired insurance company Metropolitan Life Insurance

Acquisition Highlights
  • This is Massachusetts Mutual Life Insurance’s 1st transaction in the Insurance sector.
  • This is Massachusetts Mutual Life Insurance’s 4th transaction in the United States.
  • This is Massachusetts Mutual Life Insurance’s 1st transaction in New York.

M&A Deal Summary

Date 2016-07-12
Target Metropolitan Life Insurance
Sector Insurance
Buyer(s) Massachusetts Mutual Life Insurance
Deal Type Add-on Acquisition

Target

Metropolitan Life Insurance

Amherst, New York, United States
Metropolitan Life Insurance Co. (MetLife Solutions Group) is a provider of insurance services.

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Buyer(S) 1

Buyer

Massachusetts Mutual Life Insurance

Springfield, Massachusetts, United States

Category Company
Founded 1851
Sector Insurance
DESCRIPTION

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 4 of 5
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 3 of 3
State (New York) 1 of 1
Country (United States) 4 of 5
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-29 MetLife - U.S. Retail Advisor Force

United States

MetLife's U.S. Retail advisor force is a retail distribution operation with more than 40 local sales and advisory operations and approximately 4,000 advisors across the country.

Buy -
FOLLOWING DEAL
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 -