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  1. Deals Analysis
March 24, 2022

Life Insurance industry deals total $3.4bn globally in February 2022

By Carmen

Total life insurance industry deals worth $3.4bn were announced globally for February 2022, with the $2.6bn acquisition of Sul America being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 41.2% over the previous month of $2.38bn and a rise of 21.7% when compared with the last 12-month average of $2.76bn.

In terms of number of deals, the sector saw a drop of 9.68% with 28 deals in February 2022 when compared to the last 12-month average of 31 deals.

In value terms, South and Central America led the activity with deals worth $2.6bn in February 2022.

life insurance industry deals in February 2022: Top deals

The top five deals accounted for 98.4% of the overall value during February 2022.

The combined value of the top five deals stood at $3.31bn, against the overall value of $3.4bn recorded for the month.

The top five life insurance industry deals of February 2022 tracked by GlobalData were:

1) Rede D’Or Sao Luiz $2.6bn acquisition deal with Sul America

2) The $286.88m acquisition of ABN Amro Levensverzekering by Delta Lloyd ABN AMRO Verzekeringen Holding

3) Allianz $226.38m acquisition deal for 72% stake in European Reliance General Insurance Co

4) The $170.53m private equity of SanteVet by Columna Capital

5) Elad Gil,Fidji Simo,General Catalyst Partners,Lightspeed Management Company,Sam Hodges and Spike Lipkin $22m venture financing deal with Nirvana Tech

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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