On the Record · Protective Life Insurance
Protective Life Insurance acquisitions, on the record
The businesses Protective Life Insurance bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Great-West Life & Annuity Insurance Company individual life insurance and annuity business (GW Individual Life Business)Word for word“On January 23, 2019, we entered into a Master Transaction Agreement (the “GWL&A Master Transaction Agreement”) with Great-West Life & Annuity Insurance Company (“GWL&A”), Great-West Life & Annuity Insurance Company of New York (“GWL&A of NY”), The Canada Life Assurance Company (“CLAC”), and The Great-West Life Assurance Company (“GWL” and, together with GWL&A, GWL&A of NY, and CLAC, the “Sellers”), pursuant to which we acquired via reinsurance (the “Transaction”) substantially all of the Sellers’ individual life insurance and annuity business (the “GW Individual Life Business”).” 10-K for 2019 | agreed acquisition | On January 23, 2019 | — |
GW Individual Life Business (GWL&A Closing)Word for word“On June 3, 2019, the Company and PLAIC completed the Transaction (the “GWL&A Closing”).” 10-K for 2019 | acquisition | On June 3, 2019 | — |
Liberty Mutual Group Inc.'s Group Benefits Business and Individual Life and Annuity Business, through acquisition of Liberty Life Assurance Company of Boston (completed by The Lincoln National Life Insurance Company, not the Company)Word for word“On May 1, 2018, The Lincoln National Life Insurance Company (“Lincoln Life”) completed its previously announced acquisition (the “Liberty Closing”) of Liberty Mutual Group Inc.’s (“Liberty Mutual”) Group Benefits Business and Individual Life and Annuity Business (the “Liberty Individual Life Business”) through the acquisition of all of the issued and outstanding capital stock of Liberty Life Assurance Company of Boston (“Liberty”).” 10-K for 2019 | acquisition | On May 1, 2018 | — |
MONY Life Insurance Company from AXA Financial, Inc.Word for word“On October 1, 2013, the Company completed the acquisition of MONY Life Insurance Company (“MONY”) from AXA Financial, Inc.” 10-K for 2019 | acquisition | On October 1, 2013 | — |
MONYWord for word“On October 1, 2013, the Company completed the acquisition of MONY from AXA Financial, Inc.” 10-K for 2020 | acquisition | October 1, 2013 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2018-12-31 | −$38.5 million |
| 2019-12-31 | $816 million |
| 2020-12-31 | $0 |
| 2021-12-31 | $0 |
Deal filings since 2016
- 2019-06-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2019-01-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-12-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-05-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Protective Life Insurance’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-03-18. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.