Investment Summary

Nippon Life Invests In Corebridge Financial

On December 9, 2024, Nippon Life invested in insurance company Corebridge Financial from AIG

Investment Highlights
  • This is Nippon Life’s 1st transaction in the Insurance sector.
  • This is Nippon Life’s 3rd transaction in the United States.
  • This is Nippon Life’s 1st transaction in Texas.

Investment Summary

Date 2024-12-09
Target Corebridge Financial
Sector Insurance
Investor(s) Nippon Life
Sellers(s) AIG
Deal Type Stake Purchase

Target

Corebridge Financial

Houston, Texas, United States
Corebridge Financial is a providers of retirement solutions and insurance products. Corebridge Financial partner with financial professionals and institutions to help individuals plan, save for and achieve secure financial futures. Corebridge Financial is based in Houston, Texas.

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Investor(S) 1

Investor

Nippon Life

Osaka, Japan

Category Company
Founded 1889
Sector Insurance
Employees72,832
Revenue 86.7B USD (2012)
DESCRIPTION

Nippon Life is a life insurance company. Nippon Life offers a wide range of products, including individual and group life insurance and annuity policies, through various distribution channels. The company primarily operates in Japan, North America, Europe and Asia and is headquartered in Osaka, Japan.


DEAL STATS #
Overall 3 of 4
Sector (Insurance) 1 of 2
Type (Stake Purchase) 3 of 3
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 The TCW Group

Los Angeles, California, United States

The TCW Group, Inc. is a global asset management firm with a broad range of products across fixed income, equities, emerging markets and alternative investments. With more than four decades of investment experience, TCW today manages approximately $200 billion in client assets. Through the MetWest Funds, TCW Funds and TCW Alternative Funds families, TCW manages one of the largest mutual fund complexes in the U.S. TCW’s clients include many of the world’s largest corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-10 Resolution Life Group

Hamilton, Bermuda

Resolution Life Group is a global life insurance group focusing on the acquisition and management of portfolios of life insurance policies. Resolution Life Group was founded in 2003 and is based in Hamilton, Bermuda.

Buy $8.2B

Seller(S) 1

SELLER

AIG

New York, New York, United States

Category Company
Founded 1919
Sector Insurance
Employees22,200
Revenue 27.3B USD (2024)
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 21 of 21
Sector (Insurance) 17 of 17
Type (Stake Purchase) 1 of 1
State (Texas) 1 of 1
Country (United States) 12 of 12
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-03 Laya Healthcare

Little Island, Ireland

Laya Healthcare is a health insurance provider that offers life, dental, travel insurance, and health wellness coverage. Laya Healthcare was formed in 1995 and is based in Little Island, Ireland.

Sell €650M