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Announced

Completed

Liberty Mutual completed the acquisition of State Auto Group for $2.3bn.

Financials

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Transaction Value£1,646m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Full Line Insurance

Acquisition

Domestic

Majority

Public

Single Bidder

Friendly

insurance holdings

United States

Completed

Synopsis

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Liberty Mutual, an American diversified global insurer, completed the acquisition of State Auto Group, a super-regional insurance holding company headquartered in Columbus, Ohio, for $2.3bn. "State Auto Group's capabilities and product expertise are an ideal complement to Liberty Mutual's domestic personal lines and small commercial business, and we welcome 2k talented associates to our family. Equally appealing are its values. For almost a century, State Auto has celebrated a culture of caring for people, exceptional service and deep philanthropy, mirroring our purpose to help people embrace today and confidently pursue tomorrow," David Long, Liberty Mutual Chairman and CEO.

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