M&A Deal Summary

Prudential Financial Acquires AIG Edison Life Insurance Co.

On February 1, 2011, Prudential Financial acquired insurance company AIG Edison Life Insurance Co. from AIG

Acquisition Highlights
  • This is Prudential Financial’s 1st transaction in the Insurance sector.
  • This is Prudential Financial’s 1st transaction in Japan.

M&A Deal Summary

Date 2011-02-01
Target AIG Edison Life Insurance Co.
Sector Insurance
Buyer(s) Prudential Financial
Sellers(s) AIG
Deal Type Divestiture

Target

AIG Edison Life Insurance Co.

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

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Buyer(S) 1

Buyer

Prudential Financial

Newark, New Jersey, United States

Category Company
Founded 1875
Sector Insurance
Employees37,936
Revenue 70.6B USD (2024)
DESCRIPTION
Prudential office building in downtown Chicago, Illinois.
Prudential office building in downtown Chicago, Illinois.

Prudential Financial is a provider of arrange of financial products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. Prudential Financial was founded in 1875 and is based in Newark, New Jersey.


DEAL STATS #
Overall 1 of 6
Sector: Insurance M&A 1 of 6
Type: Divestiture M&A Deals 1 of 3
Country: Japan M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-31 Primerica Life Insurance Co.

Duluth,, Georgia, United States

Primerica Life Insurance Company, Inc. operates as an insurance brokerage, provides life insurance services and products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-27 Hartford Financial - Insurance Arm

United States

Hartford Financial's insurance business offers life insurance policies.

Buy $615M

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 6 of 22
Sector: Insurance M&A 4 of 18
Type: Divestiture M&A Deals 6 of 20
Country: Japan M&A 1 of 2
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 American Life Insurance Co.

Wilmington, Delaware, United States

American Life Insurance Company provides insurance services.

Sell $16.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-26 American General Indemnity Co.

Nebraska, United States

American General Indemnity Company is a provider of insurance and reinsurance services.

Sell -