U.S. Insurance-Related Mergers And Acquisitions, 2013-2022 (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
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 0 12 1,078
2017 38 7,404 19 5,796 17 75,954
2018 47 15,878 22 6,696 8 2,516
2019 28 8,805 20 9,235 22 17,410
2020 54 10,078 16 9,756 13 4,145
2021 44 9,681 19 33,870 37 20,633
2022 32 13,297 9 70 12 12,940
  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
2013 323 $8,246 57 3,349 454 19,300
2014 387 2,581 79 19,390 545 37,500
2015 472 18,695 88 22,905 634 101,400
2016 450 4,204 77 3,461 590 19,400
2017 564 6,594 74 10,645 712 106,400
2018 612 7,085 79 68,304 768 100,500
2019 691 2,389 72 3,669 823 41,500
2020 796 2,725 100 7,452 997 34,200
2021 849 11,175 78 5,914 1028 81,300
2022 712 1,867 110 5,813 875 33,987
(1) Components may not add to totals due to rounding and inclusion of miscellaneous companies. Includes transactions where a U.S. company was the acquirer and/or the target. Source: ©2023 Conning, Inc., 2022: Global Mergers & Acquisitions in the Insurance Industry.