Current Table

U.S. Insurance-Related Mergers And Acquisitions, 2009-2018 (1)

($ millions)

  Underwriting mergers and acquisitions
  Property/casualty Life/annuity Health/managed care
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2009 63 $3,507 22 $840 18 $640
2010 63 6,452 20 23,848 15 692
2011 79 12,796 33 3,058 24 4,703
2012 46 4,826 21 6,057 26 18,520
2013 41 4,393 18 3,298 15 33
2014 53 6,723 11 7,978 15 864
2015 35 39,970 18 10,228 21 9,603
2016 38 10,665 13 2,700 12 1,078
2017 37 7,404 21 5,796 17 75,954
2018 47 17,068 23 6,696 8 2,516
  Distribution and insurance services mergers and acquisitions    
  Distribution Insurance services Total U.S. mergers
and acquisitions
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2009 176 $615 41 $8,771 320 $14,373
2010 244 1,727 97 13,823 439 46,542
2011 350 2,271 104 31,892 590 54,720
2012 345 4,225 62 9,673 479 43,301
2013 323 8,246 57 3,349 447 19,319
2014 387 2,581 79 19,390 507 37,536
2015 472 18,695 88 22,905 634 101,401
2016 450 4,204 77 3,461 499 22,108
2017 564 6,594 74 10,645 713 106,393
2018 614 7,085 79 68,304 771 101,669

(1) Components may not add to totals due to rounding. Includes transactions where a U.S. company was the acquirer and/or the target.

Source: ©2019 Conning, Inc., 2019: Global Insurer Mergers & Acquisitions in 2018 - Focusing on the Core; ©2019 Conning, Inc., 2019: Global Insurance Distribution & Services Sector Mergers & Acquisitions in 2018 - Full Steam Ahead. Used with permission.

 
U.S. INSURANCE MERGERS AND ACQUISITIONS, 1999-2008 (1)

($ millions)

  Property/casualty  Life/annuity  Health/managed care 
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values

1999

63

$19,118

53

$15,551

55

$1,501

2000

53

40,032

36

14,983

31

90

2001

41

1,249

33

36,101

26

3,487

2002

36

486

22

2,796

20

5,158

2003

50

20,353

25

18,533

15

20,353

2004

22

425

17

3,817

26

8,342

2005

49

9,264

21

21,865

22

15,886

2006

48

35,221

23

5,055

20

646

2007

67

13,615

19

5,849

52

9,661

2008

59

16,294

14

382

19

1,691

  Distribution  Insurance services  Total U.S. mergers and acquisitions 
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values

1999

203

$1,633

94

$3,923

468

$41,726

2000

145

7

30

592

295

55,704

2001

160

542

43

153

303

41,532

2002

146

689

31

575

255

9,704

2003

118

446

30

240

238

59,925

2004

190

60

37

2,234

292

14,878

2005

180

212

63

3,566

335

50,793

2006

246

944

69

1,156

406

43,022

2007

312

15,205

72

6,087

522

50,417

2008

284

5,812

94

7,256

470

31,435

(1) Includes transactions where a U.S. company was the acquirer and/or the target.

Source: Conning proprietary database.

 
U.S. INSURANCE-RELATED MERGERS AND ACQUISITIONS, 2000-2009 (1)

($ millions)

  Property/casualty Life/annuity  Health/managed care
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2000 53 $40,032 36 $14,983 31 $90
2001 41 1,249 33 36,101 26 3,487
2002 36 486 22 2,796 20 5,158
2003 50 20,353 25 18,533 15 20,353
2004 22 425 17 3,817 26 8,342
2005 49 9,264 21 21,865 22 15,886
2006 48 35,221 23 5,055 20 646
2007 67 13,615 19 5,849 52 9,661
2008 59 16,294 14 382 19 1,691
2009 63 3,507 22 840 18 640
    Distribution  Insurance services  Total U.S. mergers and acquisitions 
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2000 145 $7 30 $592 295 $55,704
2001 160 542 43 153 303 41,532
2002 146 689 31 575 255 9,704
2003 118 446 30 240 238 59,925
2004 190 60 37 2,234 292 14,878
2005 180 212 63 3,566 335 50,793
2006 246 944 69 1,156 406 43,022
2007 312 15,205 72 6,087 522 50,417
2008 284 5,812 94 7,256 470 31,435
2009 176 615 41 8,771 320 14,373

(1) Includes transactions where a U.S. company was the acquirer and/or the target.

Source: Conning proprietary database.

 
U.S. INSURANCE-RELATED MERGERS AND ACQUISITIONS, 2001-2010 (1)

($ millions)

  Property/casualty  Life/annuity  Health/managed care 
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2001 41 $1,249 33 $36,101 23 $3,487
2002 36 486 22 2,796 20 5,158
2003 50 20,353 25 18,533 15 20,353
2004 22 425 17 3,817 26 8,342
2005 49 9,264 21 21,865 22 15,886
2006 48 35,221 23 5,055 20 646
2007 67 13,615 19 5,849 52 9,661
2008 59 16,294 14 382 19 1,691
2009 63 3,507 22 840 18 640
2010 60 6,419 20 23,848 15 692
  Distribution Insurance services  Total U.S. mergers and acquisitions 
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2001 160 $542 43 $153 300 $41,532
2002 146 689 31 575 255 9,704
2003 118 446 30 240 238 59,925
2004 190 60 37 2,234 292 14,878
2005 180 212 63 3,566 335 50,793
2006 246 944 69 1,156 406 43,022
2007 312 15,205 72 6,087 478 50,417
2008 284 5,812 94 7,256 470 31,435
2009 176 615 41 8,771 320 14,373
2010 243 1,727 98 13,823 436 46,509

(1) Includes transactions where a U.S. company was the acquirer and/or the target.

Source: Conning proprietary database.

 
U.S. INSURANCE-RELATED MERGERS AND ACQUISITIONS, 2002-2011 (1)

($ millions)

  Property/casualty  Life/annuity  Health/managed care 
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2002 36 $486 22 $2,796 20 $5,158
2003 50 20,353 25 18,533 15 20,353
2004 22 425 17 3,817 26 8,342
2005 49 9,264 21 21,865 22 15,886
2006 48 35,221 23 5,055 20 646
2007 67 13,615 19 5,849 52 9,661
2008 59 16,294 14 382 19 1,691
2009 63 3,507 22 840 18 640
2010 60 6,419 20 23,848 15 692
2011 77 12,458 34 3,063 25 4,703
  Distribution Insurance services  Total U.S. mergers and acquisitions 
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2002 146 $689 31 $575 255 $9,704
2003 118 446 30 240 238 59,925
2004 190 60 37 2,234 292 14,878
2005 180 212 63 3,566 335 50,793
2006 246 944 69 1,156 406 43,022
2007 312 15,205 72 6,087 478 50,417
2008 284 5,812 94 7,256 470 31,435
2009 176 615 41 8,771 320 14,373
2010 243 1,727 98 13,823 436 46,509
2011 351 2,608 105 31,892 592 54,724

(1) Includes transactions where a U.S. company was the acquirer and/or the target.

Source: Conning proprietary database.

 
U.S. INSURANCE-RELATED MERGERS AND ACQUISITIONS, 2002-2011 (1)

($ millions)

  Property/casualty  Life/annuity  Health/managed care 
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2002 36 $486 22 $2,796 20 $5,158
2003 50 20,353 25 18,533 15 20,353
2004 22 425 17 3,817 26 8,342
2005 49 9,264 21 21,865 22 15,886
2006 48 35,221 23 5,055 20 646
2007 67 13,615 19 5,849 52 9,661
2008 59 16,294 14 382 19 1,691
2009 63 3,507 22 840 18 640
2010 60 6,419 20 23,848 15 692
2011 77 12,458 34 3,063 25 4,703
  Distribution Insurance services  Total U.S. mergers and acquisitions 
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2002 146 $689 31 $575 255 $9,704
2003 118 446 30 240 238 59,925
2004 190 60 37 2,234 292 14,878
2005 180 212 63 3,566 335 50,793
2006 246 944 69 1,156 406 43,022
2007 312 15,205 72 6,087 478 50,417
2008 284 5,812 94 7,256 470 31,435
2009 176 615 41 8,771 320 14,373
2010 243 1,727 98 13,823 436 46,509
2011 351 2,608 105 31,892 592 54,724

(1) Includes transactions where a U.S. company was the acquirer and/or the target.

Source: Conning proprietary database.

 
U.S. INSURANCE-RELATED MERGERS AND ACQUISITIONS, 2004-2013 (1)

($ millions)

  Property/casualty Life/annuity Health/managed care
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2004 22 $425 17 $3,817 26 $8,342
2005 49 9,264 21 21,865 22 15,886
2006 48 35,221 23 5,055 20 646
2007 67 13,615 19 5,849 52 9,661
2008 59 16,294 14 382 19 1,691
2009 63 3,507 22 840 18 640
2010 60 6,419 20 23,848 15 692
2011 77 12,458 34 3,063 25 4,703
2012 46 4,651 21 6,083 26 18,520
2013 39 4,397 18 3,299 15 33
  Distribution Insurance services Total U.S. mergers
and acquisitions
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2004 190 $60 37 $2,234 292 $14,878
2005 180 212 63 3,566 335 50,793
2006 246 944 69 1,156 406 43,022
2007 312 15,205 72 6,087 478 50,417
2008 284 5,812 94 7,256 470 31,435
2009 176 615 41 8,771 320 14,373
2010 243 1,727 98 13,823 436 46,509
2011 351 2,608 105 31,892 592 54,724
2012 323 4,225 62 9,673 478 43,152
2013 317 8,246 57 3,349 446 19,324

(1) Includes transactions where a U.S. company was the acquirer and/or the target.

Source: Conning proprietary database.

 
U.S. INSURANCE-RELATED MERGERS AND ACQUISITIONS, 2005-2014 (1)

($ millions)

  Underwriting mergers and acquisitions
  Property/casualty Life/annuity Health/managed care
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2005 49 $9,264 21 $21,865 22 $15,886
2006 48 35,221 23 5,055 20 646
2007 67 13,615 19 5,849 52 9,661
2008 59 16,294 14 382 19 1,691
2009 63 3,507 22 840 18 640
2010 60 6,419 20 23,848 15 692
2011 77 12,458 34 3,063 25 4,703
2012 46 4,651 21 6,083 26 18,520
2013 39 4,397 18 3,299 15 33
2014 51 6,723 10 7,978 15 864
  Distribution and insurance services mergers and acquistions  
  Distribution Insurance services Total U.S. mergers
and acquisitions
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2005 180 $212 63 $3,566 335 $50,793
2006 246 944 69 1,156 406 43,022
2007 312 15,205 72 6,087 478 50,417
2008 284 5,812 94 7,256 470 31,435
2009 176 615 41 8,771 320 14,373
2010 243 1,727 98 13,823 436 46,509
2011 351 2,608 105 31,892 592 54,724
2012 323 4,225 62 9,673 478 43,152
2013 317 8,246 57 3,349 446 19,324
2014 349 2,581 79 19,390 504 37,536

(1) Includes transactions where a U.S. company was the acquirer and/or the target.

Source: Conning proprietary database.

 
U.S. Insurance-Related Mergers And Acquisitions, 2006-2015 (1)

($ millions)

  Underwriting mergers and acquisitions
  Property/casualty Life/annuity Health/managed care
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2006 48 $35,221 23 $5,055 20 $646
2007 65 14,000 19 8,000 52 10,000
2008 59 16,294 14 382 19 1,691
2009 63 3,507 22 840 18 640
2010 60 6,419 20 23,848 15 692
2011 77 12,458 34 3,063 25 4,703
2012 46 4,651 21 6,083 26 18,520
2013 39 4,397 18 3,299 15 33
2014 53 6,723 10 7,978 15 864
2015 36 39,607 17 11,798 22 100,832
  Distribution and insurance services mergers and acquisitions    
  Distribution Insurance services Total U.S. mergers
and acquisitions
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2006 246 $944 69 $1,156 406 $43,022
2007 311 15,000 72 6,000 519 52,000
2008 284 5,812 94 7,256 470 31,435
2009 176 615 41 8,771 320 14,373
2010 243 1,727 98 13,823 436 46,509
2011 351 2,608 105 31,892 592 54,724
2012 323 4,225 62 9,673 478 43,152
2013 317 8,246 57 3,349 446 19,324
2014 349 2,581 79 19,390 506 37,536
2015 401 18,695 88 22,905 564 193,837

(1) Includes transactions where a U.S. company was the acquirer and/or the target.

Source: Conning Research & Consulting Inc., proprietary database.

 
U.S. Insurance-Related Mergers And Acquisitions, 2007-2016 (1)

($ millions)

  Underwriting mergers and acquisitions
  Property/casualty Life/annuity Health/managed care
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2007 67 $13,615 19 $5,849 52 $9,661
2008 59 16,294 14 382 19 1,691
2009 63 3,507 22 840 18 640
2010 60 6,419 20 23,848 15 692
2011 77 12,458 34 3,063 25 4,703
2012 45 4,685 21 6,083 26 18,520
2013 41 4,393 18 3,299 15 33
2014 53 6,723 10 7,978 15 864
2015 35 40,006 18 10,228 21 9,603
2016 39 8,498 13 2,700 13 1,078
  Distribution and insurance services mergers and acquisitions    
  Distribution Insurance services Total U.S. mergers
and acquisitions
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2007 312 $15,205 72 $6,087 522 $50,417
2008 284 5,812 94 7,256 470 31,435
2009 176 615 41 8,771 320 14,373
2010 243 1,727 98 13,823 436 46,509
2011 351 2,608 105 31,892 592 54,724
2012 323 4,225 62 9,673 477 43,186
2013 317 8,246 57 3,349 448 19,320
2014 349 2,581 79 19,390 506 37,536
2015 401 18,695 88 22,905 563 101,437
2016 358 4,204 77 3,461 500 19,941

(1) Includes transactions where a U.S. company was the acquirer and/or the target.

Source: Conning Research & Consulting Inc., proprietary database.

 
U.S. Insurance-Related Mergers And Acquisitions, 2008-2017 (1)

($ millions)

  Underwriting mergers and acquisitions
  Property/casualty Life/annuity Health/managed care
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2008 59 $16,294 14 $382 19 $1,691
2009 63 3,507 22 840 18 640
2010 63 6,452 20 23,848 15 692
2011 79 12,796 33 3,058 24 4,703
2012 46 4,826 21 6,057 26 18,520
2013 41 4,393 18 3,299 15 33
2014 53 6,723 11 7,978 15 864
2015 35 39,970 18 10,228 21 9,603
2016 38 10,665 13 2,700 12 1,078
2017 38 8,063 21 5,796 17 75,954
  Distribution and insurance services mergers and acquisitions    
  Distribution Insurance services Total U.S. mergers
and acquisitions
Year Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
Number of
transactions
Transaction
values
2008 284 $5,812 94 $7,256 470 $31,435
2009 176 615 41 8,771 320 14,373
2010 244 1,727 97 13,823 439 46,542
2011 350 2,271 104 31,892 590 54,720
2012 345 4,225 62 9,673 479 43,301
2013 323 8,246 57 3,349 447 19,320
2014 387 2,581 79 19,390 507 37,536
2015 472 18,695 88 22,905 634 101,401
2016 450 4,204 77 3,461 499 22,108
2017 565 6,594 74 10,645 597 107,052

(1) Components may not add to totals due to rounding.  Includes transactions where a U.S. company was the acquirer and/or the target.

Source: Conning Research & Consulting, Inc. proprietary database.