M&A Deal Summary

MetLife Acquires American Service Life Insurance

On August 1, 2012, MetLife acquired insurance company American Service Life Insurance from Coventry Health Care

Acquisition Highlights
  • This is MetLife’s 4th transaction in the Insurance sector.
  • This is MetLife’s 7th transaction in the United States.
  • This is MetLife’s 2nd transaction in Delaware.

M&A Deal Summary
Date 2012-08-01
Target American Service Life Insurance
Sector Insurance
Buyer(s) MetLife
Sellers(s) Coventry Health Care
Deal Type Divestiture

Target

American Service Life Insurance

Wilmington, Delaware, United States
American Service Life Insurance Co. is a provider of life insurance products.

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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 7 of 12
Sector (Insurance) 4 of 7
Type (Divestiture) 4 of 4
State (Delaware) 2 of 2
Country (United States) 7 of 11
Year (2012) 2 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-01 Administradora de Fondos de Pensiones Provida SA

Santiago, Chile

AFP Provida S.A. (“Provida”), the largest private pension fund administrator in Chile.

Buy $2.0B

Seller(S) 1

SELLER

Coventry Health Care

Bethesda, Maryland, United States
Category Company
Founded 1986
Sector Insurance
Employees14,400
DESCRIPTION

Coventry Health Care, Inc. is a managed health care company that provides a wide range of health benefits and services to a broad cross section of employer and government-funded groups.

DEAL STATS #
Overall 2 of 3
Sector (Insurance) 1 of 2
Type (Divestiture) 2 of 3
State (Delaware) 1 of 1
Country (United States) 2 of 3
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-01 Mercy Health Plans

Chesterfield, Montana, United States

Mercy Health Plans, Inc. is a provider of health care services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-09 Altius Health Plan

South Jordan, Utah, United States

Altius Health Plan, Inc. is a provider of health insurance services. Company provides healthcare plans to individuals and families, and businesses of all sizes in Utah, Wyoming, and Idaho.

Sell -
Mergr

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