M&A Deal Summary |
|
|---|---|
| Date | 2020-04-10 |
| Target | Prudential Life Insurance |
| Sector | Insurance |
| Buyer(s) | Prudential Financial |
| Sellers(s) | KB |
| Deal Type | Divestiture |
| Deal Value | 1.9B USD |
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| Category | Company |
|---|---|
| Founded | 1875 |
| Sector | Insurance |
| Employees | 37,936 |
| Revenue | 70.6B USD (2024) |
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 | 5 of 6 |
| Sector (Insurance) | 5 of 6 |
| Type (Divestiture) | 3 of 3 |
| Country (South Korea) | 1 of 1 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-09-05 |
Assurance IQ
Bellevue, Washington, United States Assurance IQ, Inc. is a direct-to-consumer platform that transforms the buying experience for individuals seeking personalized health and financial wellness solutions. Assurance IQ is based in Bellevue, Washington. |
Buy | $2.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-11 |
Prudential Life Insurance Company of Taiwan
Taipei City, Taiwan Prudential Life Insurance Company of Taiwan is a foreign life insurance company established as a subsidiary in Taiwan when it entered the market in 1989. Headquartered in Taipei, PFI of Taiwan began setting and has continued to achieve, new standards in Taiwan's insurance industry. Prudential of Taiwan sells individual whole life and other protection products to middle-market and affluent consumers through highly trained Life Planners® who provide customized plans and high-quality service. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 2008 |
| Sector | Financial Services |
| Revenue | 19.50T KRW (2023) |
KB engaged in banking business, investment & securities, equity and derivatives brokerage services , life insurance and asset management. KB was founded in 2008 and is based in Seoul, South Korea.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Insurance) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (South Korea) | 1 of 1 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
