M&A Deal Summary

Resolution Life Holdings Acquires Lincoln Benefit Life Company

On July 17, 2013, Resolution Life Holdings acquired insurance company Lincoln Benefit Life Company from Allstate for 600M USD

Acquisition Highlights
  • This is Resolution Life Holdings’ 1st transaction in the Insurance sector.
  • This is Resolution Life Holdings’ 2nd largest (disclosed) transaction.
  • This is Resolution Life Holdings’ 1st transaction in the United States.
  • This is Resolution Life Holdings’ 1st transaction in Nebraska.

M&A Deal Summary

Date 2013-07-17
Target Lincoln Benefit Life Company
Sector Insurance
Buyer(s) Resolution Life Holdings
Sellers(s) Allstate
Deal Type Add-on Acquisition
Deal Value 600M USD

Target

Lincoln Benefit Life Company

Lincoln, Nebraska, United States
Based in Lincoln, Neb., Lincoln Benefit Life Company was founded in 1938. Lincoln Benefit Life products are sold through independent agents by means of master brokerage agencies, independent agents, and Allstate exclusive agencies in all states except New York, the District of Columbia, Guam and the U.S. Virgin Islands.

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Buyer(S) 1

Buyer

Resolution Life Holdings

United States

Category Company
Sector Insurance
DESCRIPTION

Resolution Life Holdings, Inc. is a Delaware corporation established by British financial services investor, The Resolution Group. Its strategy is to acquire a number of life insurance businesses in the United States and focus on the needs of existing customers over the long run, rather than actively seeking new sales. Resolution Life is separate from Resolution Limited, a company publicly traded on the London Stock Exchange, which also was founded by The Resolution Group.


DEAL STATS #
Overall 1 of 2
Sector: Insurance M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Nebraska M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2013 M&A 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 Voya Financial - Individual Life Business In-force Business

New York, New York, United States

Voya Financial, Inc. - Individual Life Business includes Security Life of Denver Insurance Company, Midwestern United Life Insurance Company and certain other affiliates, as well as the reinsurance of Voya Financial’s remaining in-force individual life and annuity blocks.

Buy $1.3B

Seller(S) 1

SELLER

Allstate

Northbrook, Illinois, United States

Category Company
Founded 1931
Sector Insurance
Employees55,000
Revenue 64.1B USD (2024)
DESCRIPTION
Entrance to Allstate's corporate headquarters in Northbrook, Illinois.
Entrance to Allstate's corporate headquarters in Northbrook, Illinois.

Allstate is a provider of insurance offerings, including property-liability insurance, auto/home, and life insurance. Allstate was formed in 1931 and is based in Northbrook, Illinois.


DEAL STATS #
Overall 2 of 7
Sector: Insurance M&A 1 of 5
Type: Add-on Acquisition M&A Deals 1 of 2
State: Nebraska M&A 1 of 1
Country: United States M&A 2 of 7
Year: 2013 M&A 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-18 Esurance Insurance Services

San Francisco, California, United States

Esurance Insurance Services, a provider of online auto insurance quotes through an award-winning website, and combines best-in-class technology developed specifically for the needs of self-directed and brand-sensitive consumers with a 24/7 call center.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-14 Sterling Collision Centers

Tustin, California, United States

Sterling Collision Centers, Inc. is a multi-state auto collision repair company established to re-engineer the repair process from supply chain management to the insurer interface. Sterling operates 62 collision-repair facilities in 16 states and has 1,200 employees.

Sell -