M&A Deal Summary

MetLife Acquires American Life Insurance

On November 1, 2010, MetLife acquired insurance company American Life Insurance from AIG for 16.2B USD

Acquisition Highlights
  • This is MetLife’s 3rd transaction in the Insurance sector.
  • This is MetLife’s largest (disclosed) transaction.
  • This is MetLife’s 5th transaction in the United States.
  • This is MetLife’s 1st transaction in Delaware.

M&A Deal Summary
Date 2010-11-01
Target American Life Insurance
Sector Insurance
Buyer(s) MetLife
Sellers(s) AIG
Deal Type Divestiture
Deal Value 16.2B USD

Target

American Life Insurance

Wilmington, Delaware, United States
American Life Insurance Company provides insurance services.

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Buyer(S) 1

Buyer

MetLife

New York, New York, United States
Category Company
Founded 1863
Sector Insurance
Employees45,000
Revenue 66.4B USD (2023)
DESCRIPTION
The MetLife Tower in New York City.
The MetLife Tower in New York City.

MetLife is a global financial services and insurance company, offering clients planning, retirement, and savings solutions. MetLife was formed in 1863 and is based in New York City.

DEAL STATS #
Overall 5 of 12
Sector (Insurance) 3 of 7
Type (Divestiture) 3 of 4
State (Delaware) 1 of 2
Country (United States) 5 of 11
Year (2010) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-04 First Tennessee Bank National Association - Mortgage Business

Memphis, Tennessee, United States

First Tennessee Bank National Association - Mortgage Business is a provider of financial services in US.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-02 Reynolds Plantation

Greensboro, Georgia, United States

Reynolds Plantation, Georgia's premier golf and resort community located on Lake Oconee. The acquisition includes The Ritz-Carlton Lodge, six championship golf courses, four full-service marinas and nearly 5,000 acres of undeveloped golf and waterfront property.

Buy -

Seller(S) 1

SELLER

AIG

New York, New York, United States
Category Company
Founded 1919
Sector Insurance
Employees25,000
Revenue 47.3B USD (2023)
DESCRIPTION

AIG is an international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. American International Group was incorporated in 1919 and is based in New York City.

DEAL STATS #
Overall 5 of 20
Sector (Insurance) 3 of 16
Type (Divestiture) 5 of 19
State (Delaware) 2 of 2
Country (United States) 3 of 11
Year (2010) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 21st Century Insurance Group

Wilmington, Delaware, United States

21st Century Insurance has been dedicated to providing customers superior coverage and service, while helping them save money on auto insurance.

Sell $1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 AIG Edison Life Insurance

Tokyo, Japan

AIG Edison Life Insurance Co. provides insurance services founded in 1998.

Sell -
Mergr

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