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  1. Deals Analysis
May 1, 2019

Insurance industry M&A deals in Q1 2019 total $1.29bn in US

Total insurance industry M&A deals in Q1 2019 worth $1.29bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 66.2% over the previous quarter and a drop of 70.6% when compared with the last four-quarter average of $4.4bn.

The US held a 59.1% share of the global insurance industry M&A deal value that totalled $2.19bn in Q1 2019.

In terms of deal activity, the US recorded 127 deals during Q1 2019, marking an increase of 10% over the previous quarter and a rise of 12.4% over the last four-quarter average.

US insurance industry M&A deals in Q1 2019: Top deals

The top three insurance industry M&A deals accounted for 100% of the overall value during Q1 2019.

The combined value of the top three insurance industry M&A deals stood at $1.29bn, against the overall value of $1.29bn recorded for the quarter. The top announced insurance industry M&A deal tracked by GlobalData in Q1 2019 was Protective Life & Annuity Insurance and Protective Life Insurance’s $1.2bn asset transaction with Great-West Life & Annuity Insurance.

In second place was the $50m acquisition of ClaimCor, Maison Insurance and Maison Managers by Federated National Holding and in third place was Dentaquest’s $41.5m acquisition of DCP Holding and The Dental Care Plus Group.

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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