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New Deal


Announced

Prosperity Life Assurance to acquire closed-book businesses from National Guardian Life.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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insurance

Acquisition

Private

United States

Cross Border

Single Bidder

Insurance related

Pending

Insurance Brokers

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Synopsis

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Prosperity Life Assurance, an insurance related services, agreed to acquire closed-book businesses from National Guardian Life, an American insurance firm. Financial terms were not disclosed. “This transaction is a significant milestone for NGL in executing our strategic capital optimization plan and is aligned with our objective of continually improving our return on surplus and risk-based capital position,” Knut A. Olson, NGL President & CEO.

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