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  5. Taishin Acquires Prudential Life Insurance Company of Taiwan

M&A Deal Summary

Taishin Acquires Prudential Life Insurance Company of Taiwan

On August 11, 2020, Taishin acquired insurance company Prudential Life Insurance Company of Taiwan from Prudential Financial

Acquisition Highlights
  • This is Taishin’s 1st transaction in the Insurance sector.
  • This is Taishin’s 1st transaction in Taiwan.

M&A Deal Summary
Date 2020-08-11
Target Prudential Life Insurance Company of Taiwan
Sector Insurance
Buyer(s) Taishin
Sellers(s) Prudential Financial
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Taishin

Taipei, Taiwan
Category Company
Founded 1992
Sector Financial Services
Employees11,738
Revenue 86.6B TWD (2024)
DESCRIPTION

Taishin was established upon the completion of the merger between Dah An Commercial Bank and Taishin International Bank. The merger marks the very first voluntary bank merger in Taiwan's history. That same year, Taishin bills finance and Taiwan securities came under the umbrella of Taishin Financial Holdings. Taishin was incorporated in 1992 and is headquartered in Taipei, Taiwan.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Taiwan M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

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 7 of 9
Sector: Insurance M&A 5 of 6
Type: Divestiture M&A Deals 5 of 7
Country: Taiwan M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-10 Prudential Life Insurance Co.

Seoul, South Korea

Prudential Life Insurance Co., Ltd. is a provider of life insurance and other protection products through its signature Life Planner business and growing general agency channel. Prudential Life Insurance Co. was formed in 1989 and is based in Seoul, South Korea.

Buy $1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-21 Prudential Financial - Full-Service Retirement Business

Newark, New Jersey, United States

Prudential Financial's Full-Service Retirement Business provides a comprehensive suite of retirement recordkeeping and administration services to financial professionals, plan sponsors, and participants.

Sell $3.6B
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