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Announced

Completed

Wilton Re completed the acquisition of Allstate Life Insurance Company of New York for $220m.

Financials

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Transaction Value£159m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

United States

life insurance

Life Insurance

Acquisition

Domestic

Friendly

Single Bidder

Completed

Synopsis

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Wilton Re, a provider of in force and reinsurance solutions in the North American life insurance industry, completed the acquisition of Allstate Life Insurance Company of New York, a life insurance unit of Allstate, for $220m. “Closing on the sale of ALNY is a significant step in Allstate’s strategy of increasing personal property-liability market share and expanding protection services, while deploying capital out of the life and annuity businesses,” Mario Rizzo, Allstate CFO.

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