Total insurance industry M&A deals in Q4 2020 worth $4.57bn were announced in the US, according to GlobalData’s deals database.
The value marked a decrease of 5.2% over the previous quarter and a drop of 5.6% when compared with the last four-quarter average of $4.85bn.
The US held a 56.6% share of the global insurance industry M&A deal value that totalled $8.08bn in Q4 2020.
In terms of deal activity, the US recorded 73 deals during Q4 2020, marking a rise of 46% over the previous quarter and a rise of 69.8% over the last four-quarter average.
The top M& A deals in US insurance industry
The top five insurance industry M&A deals accounted for 100% of the overall value during Q4 2020.
The combined value of the top five insurance M&A deals stood at $4.57bn, against the overall value of $4.57bn recorded for the month.
The top five insurance industry deals of Q4 2020 tracked by GlobalData were:
Farmers Exchanges and Farmers Group’s $3.94bn acquisition of MetLife Auto & Home Insurance Agency
The $370m acquisition of American Access Casualty by Kemper
Aflac’s $200m acquisition of Trupanion
The $43m acquisition of EPG Insurance by Assurant
Kingsway Financial Services’ acquisition of PWI for $18.67m.