Earlier this week, Allstate announced it closed its $4 billion acquisition of National General, a North Carolina-based property-casualty insurance group. The acquisition, announced in July 2020, sees Allstate expand its personal lines market position.
When the transaction closes in early 2021, Allstate will become the fifth largest independent agency carrier.
Recent tax reform changes directly impact every taxpayer in the U.S., but may also impact agency valuations, agency operating structure, and merger & acquisition activity.
OPTIS Partners recorded 449 mergers and acquisitions in the U.S. and Canada last year—a slight dip from the record of 456 in 2015.
Buyers and sellers reported 451 mergers and acquisitions of insurance agencies in 2015 in U.S. and Canada—more than ever before, according to a recent report from OPTIS Partners.
