M&A Deal Summary |
|
|---|---|
| Date | 2016-01-15 |
| Target | Genworth Financial - Certain Blocks of Term Life Insurance |
| Sector | Insurance |
| Buyer(s) | Protective Life Insurance Co. |
| Sellers(s) | Genworth Financial |
| Deal Type | Divestiture |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1907 |
| Sector | Insurance |
| Employees | 2,441 |
Protective Life Insurance Co. is a provider of insurance products and services.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Insurance M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2016 M&A | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 2003 |
| Sector | Insurance |
| Employees | 4,100 |
| Revenue | 8.5B USD (2015) |
Genworth Financial, Inc. is a provider of individual and group long-term care insurance products to meet growing consumer needs for long-term care. The Company's life insurance products protect people during unexpected events. In the United States, retirement products include various types of annuity and guaranteed retirement income products. Genworth also facilitates homeownership in the United States and internationally by providing mortgage insurance products that allow people to purchase homes with low down payments while protecting lenders against the risk of default. Through homeownership education and assistance programs, Genworth also helps people keep their homes when they experience financial difficulties.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 11 |
| Sector: Insurance M&A | 3 of 6 |
| Type: Divestiture M&A Deals | 7 of 10 |
| Country: United States M&A | 7 of 9 |
| Year: 2016 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-12-02 |
Genworth Financial - Lifestyle Protection Insurance Business
United States Genworth Financial - Lifestyle Protection Insurance Business is a provider of insurance services. |
Sell | $490M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-24 |
Genworth Financial - Term Life New Business Platform
Lynchburg, Virginia, United States Genworth Financial, Inc. - Term Life New Business Platform is a provider of low-cost life insurance protection products to the mass market. |
Sell | - |
