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Globe Life Acquires Evry Health

Oct 13, 2023•almost 2 years ago

Acquiring Company

Globe Life

Acquired Company

Evry Health

InsuranceInsurtech

Description

Globe Life Inc. (NYSE: GL) announced it has signed an agreement to acquire Evry Health.

Company Information

Company

Globe Life

About

GL) is headquartered in McKinney, TX, and has more than 15,000 insurance agents and 3,000 corporate employees. With a mission to Make Tomorrow Better, Globe Life and its subsidiary companies issue more life insurance policies and have more policyholders than any other life insurance company in the country, with more than 16.8 million policies in force (excluding reinsurance companies; as reported by S&P Global Market Intelligence 2022). Globe Life's insurance subsidiaries include American Income Life, Family Heritage Life, Globe Life And Accident Insurance Company, Liberty National Life, and United American. More information is available at GlobeLifeInsurance.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed