Continuing the trend of
consolidation among smaller US insurers, Baltimore Life Companies
(BLC) is acquiring Philadelphia United Life Insurance Company for
an undisclosed sum.
The acquisition, which will
be paid for in BLC shares, will boost BLC’s policy-base to 350,000
and its total assets to $900m.
Go deeper with GlobalData
Founded in 1882, BLC provides
life and health insurance and annuity products to individuals and
businesses and is licensed in 49 states and the District of
Columbia.
In 2009, BLC was ranked among
the top-50 life and health insurers in the US by consultancy Ward
Group, in a review of some 800 life and health companies in the
US.
In 2009, BLC reported premium
income of $116m, total revenue of $168m and a net profit of $1.33m.
Total assets at the end of 2009 at $857m.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
