External Growth Through M&A
First written in FY2017. 21 of 26 entries say "Advanced", first in FY2018-Q3. Latest entry: 2026-10-19.
23 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The acquisition transaction was completed on 1 January 2026 after the necessary approvals and other authorizations related to the acquisition were obtained from U.S. regulators and the procedures for making the company a subsidiary were completed.」
Regarding external growth, Protective completed its acquisition of Portfolio Holding on 1 January 2026. It also entered into an agreement to acquire Obsidian Insurance Holdings and is expanding in North America into fee-based businesses and property and casualty insurance. - FY2026-H1AdvancedAnnual report
「Through TAL’s acquisition of shares in Challenger, we aim to achieve further growth at TAL and expand our Group’s earnings in Australia’s retirement market, which has strong growth prospects.」
External growth through M&A and investments expanded to TAL’s acquisition of a 19.9% interest in Challenger, an investment in Capula, a planned investment of approximately 15% in M&G, and Protective’s agreement to acquire Portfolio Holding. Meanwhile, the business portfolio was also selectively reshaped through the sale of all shares in OCEAN LIFE. - FY2025AdvancedAnnual report
「Through TAL’s acquisition of shares in Challenger, we aim to achieve further growth at TAL and expand our Group’s earnings in Australia’s retirement market, which has strong growth prospects.」
External growth through M&A and investments advanced to TAL entering into an agreement to acquire a 19.9% interest in Challenger in Australia. Protective’s completion of its acquisition of ShelterPoint was also confirmed in the full-year results. - FY2025-H1AdvancedAnnual report
「Protective Life Corporation, our consolidated subsidiary, made ShelterPoint Group, Inc., which operates a group insurance business in the United States, a subsidiary on 1 November 2024 (U.S. time), after all prescribed conditions for making it a wholly owned subsidiary had been satisfied.」
External growth through M&A advanced to ベネフィット・ワン becoming a wholly owned subsidiary on 23 May 2024, investment in a Canyon affiliate and the establishment of a subsidiary, and Protective’s making ShelterPoint Group a subsidiary on 1 November 2024. - FY2024AdvancedAnnual report
「At a meeting of the Board of Directors held on 8 February 2024, we resolved to acquire shares of 株式会社ベネフィット・ワン through a tender offer under the Financial Instruments and Exchange Act.」
External growth through M&A advanced from the resolution to launch a tender offer for shares of ベネフィット・ワン, to its becoming an equity-method affiliate in March 2024 and a wholly owned subsidiary in May of the same year. - FY2024-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 8 February 2024, we resolved to acquire shares of 株式会社ベネフィット・ワン through a tender offer under the Financial Instruments and Exchange Act.」
External growth through M&A advanced to a new specific transaction: a resolution to launch a tender offer for shares of ベネフィット・ワン. The planned purchase volume was 77,372,192 shares, the purchase price was ¥168,129 million, and the tender offer was scheduled to begin on 9 February 2024. - FY2024-Q2AdvancedAnnual report
「Ordinary profit totaled A$467 million, up 23.0% year on year, due to the increase in profit from TAL Life Insurance Services Limited, acquired in August 2022.」
Regarding external growth through M&A, it was disclosed that profit contribution following TAL’s acquisition of Westpac Life contributed to profit growth in the Australian business. - FY2023-Q3AdvancedAnnual report
「During the consolidated accounting period under review, Partners Group Holdings Limited (hereinafter, “Partners Life”) and Partners Life Limited (hereinafter, “PLL”), whose acquisition was decided on 12 August 2022, became wholly owned subsidiaries upon completion of the acquisition.」
Regarding external growth through M&A, the acquisition of Partners Group Holdings and PLL as wholly owned subsidiaries was completed, and the New Zealand transaction moved to the execution stage. - FY2023-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 12 August 2022, we decided, through 第一生命インターナショナルホールディングス合同会社, an intermediate holding company under our Group, to agree with the shareholders of Partners Group Holdings Limited, the holding company of a New Zealand life insurance group, to acquire the company and enter into a share purchase agreement.」
Regarding external growth through M&A, the transaction advanced to the stage of entering into an agreement to acquire Partners Life in New Zealand. The acquisition consideration is NZ$980 million, and the scheduled closing date disclosed is 30 November 2022. - FY2023-Q1AdvancedAnnual report
「TAL Dai-ichi Life Australia Pty Limited ("TAL") entered into a legally binding share purchase agreement, a 20-year distribution partnership agreement and other agreements with Westpac Banking Corporation ("Westpac") on 8 August 2021 concerning the acquisition of Westpac Life Insurance Services Limited ("Westpac Life"), the life insurer owned by Westpac. Having now satisfied all prescribed conditions precedent for making Westpac Life a wholly owned subsidiary through the acquisition, TAL made Westpac Life a subsidiary of the Company.」
TAL completed its acquisition of Westpac Life, realizing an external growth transaction involving acquisition consideration of A$900 million and a 100% voting interest. - FY2022AdvancedAnnual report
「Protective Life Corporation in the United States appropriately responded to the increase in insurance benefit payments, primarily due to the spread of COVID-19, as it had in the previous fiscal year, and worked to expand sales of its core protection products and annuity products. In its asset protection business in the property and casualty insurance sector, it also decided to acquire AUL Corp, a U.S. peer company.」
External growth through M&A advanced to Protective’s decision to acquire AUL, TAL’s decision to acquire Westpac Life, and the completion of the integration of Asteron Life. - FY2022-Q2AdvancedAnnual report
「The TAL Group is working to diversify products and expand sales channels in order to provide products that meet the life-cycle needs of more customers. Through access to Westpac’s customer base made possible by this acquisition and the exclusive distribution partnership agreement, TAL will seek to expand its business in Australia.」
Regarding external growth through M&A, TAL entered into an agreement to acquire all shares of Westpac Life and a 20-year exclusive distribution partnership agreement providing access to Westpac’s customer base. The acquisition consideration is A$900 million, the total investment is A$1,250 million, and closing is scheduled between August 2022 and January 2023. - FY2020RestatedAnnual report
「Revenue for the fiscal year increased year on year, due to higher investment income on separate account assets and contributions from the acquisition of Liberty Life Assurance Company of Boston’s in-force block on 1 May 2018 and Great-West Life & Annuity Insurance Company’s in-force block on 3 June 2019.」
The revenue and profit growth effects of acquiring Liberty Life’s and Great-West’s in-force blocks were reconfirmed in the full-year results. - FY2020-Q3AdvancedAnnual report
「Performance for the nine-month period ended 31 December increased year on year, due to higher investment income on separate account assets, the acquisition of Liberty Life Assurance Company of Boston’s in-force block on 1 May 2018, and the additional acquisition of Great-West Life & Annuity Insurance Company’s in-force block on 3 June 2019. Profit also increased, owing to higher profits from the acquired businesses and increased gains on valuation of securities as market conditions improved. Ordinary revenue totaled US$9,044 million, comprising premium and other income of US$4,373 million, up 3.6% year on year, investment income of US$3,892 million, up 68.9%, and other ordinary revenue of US$778 million, up 110.5%.」
The acquisitions of Liberty Life’s and Great-West’s in-force blocks contributed to revenue and profit growth at Protective, with the effects of external growth through acquisitions becoming apparent in the figures. - FY2020-Q2AdvancedAnnual report
「Protective Life Corporation, our consolidated subsidiary, assumed reinsurance from Great-West Life & Annuity Insurance Company for its in-force block of individual insurance and annuity policies under a reinsurance agreement effective 3 June 2019.」
The acquisition of Great-West’s in-force block of individual insurance and annuity policies was completed through a reinsurance agreement. The acquisition consideration was US$818 million, assets assumed were US$21,909 million and liabilities assumed were US$21,090 million, marking the execution stage of external growth through M&A. - FY2020-Q1AdvancedAnnual report
「Results for the cumulative three-month period increased year on year, primarily because premium and other income rose following the acquisition of Asteron Life & Superannuation Limited on 28 February 2019. Ordinary revenue totaled A$1,397 million, up 53.8%, comprising premium and other income of A$1,235 million, up 47.8%, investment income of A$132 million, up 361.9%, and other ordinary revenue of A$29 million, down 33.1%.」
Regarding external growth through M&A, TAL completed its acquisition of Asteron Life & Superannuation Limited, and the acquisition was cited as a factor contributing to revenue growth. - FY2019-Q3AdvancedAnnual report
「Protective Life Corporation, a consolidated subsidiary of the Company, decided on 23 January 2019 local time to acquire, through reinsurance, an in-force block of individual life insurance, annuity and other policies held by Great-West Life & Annuity Insurance Company of Colorado, USA, and entered into an acquisition agreement.」
Regarding external growth through M&A, Protective entered into an agreement to acquire Great-West’s in-force blocks and other assets. The transaction covers approximately 240,000 policies, approximately US$20 billion in policy reserves and a total investment of approximately US$1.2 billion, with completion scheduled for around June 2019 subject to approval by U.S. regulators and other conditions. - FY2019-Q2AdvancedAnnual report
「The TAL Group is working to diversify products and expand sales channels in order to provide products that meet the life-cycle needs of more customers. This acquisition is being conducted as part of that business expansion strategy.」
Regarding external growth through M&A, Protective completed its acquisition of Liberty Life’s in-force block, and TAL entered into an agreement to acquire all shares of Suncorp Life. The consideration for the Suncorp transaction is A$640 million, with a total amount of approximately A$725 million after price adjustments. Closing is scheduled between December 2018 and February 2019. - FY2019-Q1AdvancedAnnual report
「In April 2018, our subsidiary 第一生命保険株式会社 acquired 100% of the shares of 株式会社アルファコンサルティング and made it a subsidiary.」
第一生命保険 acquired 100% of the shares of 株式会社アルファコンサルティング in April 2018 and completed its acquisition as a subsidiary. External growth through M&A advanced to a new specific transaction. - FY2018-Q3AdvancedAnnual report
「An overview of the acquisition is as follows.」
Protective entered into an agreement to acquire Liberty Life’s in-force block of individual insurance and annuity policies, comprising approximately 500,000 policies, approximately US$13 billion in policy reserves and an acquisition price of approximately US$1.2 billion, with completion of the acquisition procedures scheduled for July 2018. External growth through M&A advanced to a specific transaction. - FY2017First statedAnnual report
「Since becoming a stock company, our Group has positioned M&A as part of its growth strategy and will continue to pursue opportunities.」
Explicitly stated the policy of positioning M&A as part of the growth strategy since becoming a stock company and continuing to pursue acquisition opportunities.