M&A Deal Summary

Massachusetts Mutual Life Insurance Co. Acquires Metropolitan Life Insurance Co.

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

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

M&A Deal Summary

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

Target

Metropolitan Life Insurance Co.

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 Co.

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 M&A 1 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: New York M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2016 M&A 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.

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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 -