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  1. Deals Analysis
April 1, 2020

Insurance industry M&A deals in February 2020 total $3.15bn in US

Total insurance industry M&A deals in February 2020 worth $3.15bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 1873.1% over the previous month and a rise of 98.9% when compared with the last 12-month average of $1.58bn.

The US held a 59.8% share of the global insurance industry M&A deal value that totalled $5.27bn in February 2020.

In terms of deal activity, the US recorded 34 deals during February 2020, marking a decrease of 8.1% over the previous month and a drop of 10.5% over the 12-month average.

The US insurance industry M&A deals in February 2020: Top deals

The top three insurance industry M&A deals accounted for 100% of the overall value during February 2020.

The combined value of the top three insurance M&A deals stood at $3.15bn, against the overall value of $3.15bn recorded for the month.

The top three insurance industry deals of February 2020 tracked by GlobalData were:

1) Fidelity National Financial’s $2.7bn acquisition of FGL Holdings

2) The $450m acquisition of NORCAL Mutual Insurance by ProAssurance

3) Reliance Global Group’s $1m acquisition of Nsure

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.

 

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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