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 US insurance industry M&A deals in Q4 2020: Top deals

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:

1) Farmers Exchanges and Farmers Group’s $3.94bn acquisition of MetLife Auto & Home Insurance Agency

2) The $370m acquisition of American Access Casualty by Kemper

3) Aflac’s $200m acquisition of Trupanion

4) The $43m acquisition of EPG Insurance by Assurant

5) Kingsway Financial Services’ acquisition of PWI for $18.67m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.