Prosperity Life Acquisition, Valuation, Funding & Investors

Prosperity Life was acquired by JAB Holding Company for $3B in February 2025.

Prosperity Life acquisition price

$3B

Acquired by JAB Holding Company · Feb 2025

Cumulative funding Prosperity Life raised

$7M

across 1 funding round

Prosperity Life Overview

About Prosperity Life

Prosperity Life is a Bermuda-domiciled insurer and reinsurer offering life, health, property, and casualty products alongside asset management. It manages $5 billion in assets, providing long-term coverage to policyholders in North America and Europe through facultative reinsurance and direct policies emphasizing stable returns.


Founded

1916

HQ

United StatesNew York City, NY

Status

Acquired

Customer focus

B2C & B2B

Revenue model

Subscription

Valuation

$3B (acquired Feb 2025)

Prosperity Life Acquisition

Prosperity Life was acquired by JAB Holding Company for $3B on 5 February 2025.

Before the acquisition Prosperity Life had raised $7M across 1 funding round.

Prosperity Life acquisition details
AcquirerDateTypePrice
  • JAB Holding Company
5 Feb 2025PE buyout$3B

Prosperity Life Funding History

Prosperity Life has raised a total of $7M across 1 funding round.

Prosperity Life funding rounds

Prosperity Life funding rounds
DateStageRaisedDeal Summary
Nov 2019Series A$7MAn investor group led by Elliott Management completed the acquisition of Prosperity Life Insurance Group in 2024, with Wand, an insurance-focused private investment firm, and CEO Anurag Chandra also participating. Prosperity Life, an insurance company based in Manhattan, New York, operates in the annuities and life insurance sectors. Elliott Management manages approximately USD 35 billion in assets under management across two multi-strategy funds.

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Prosperity Life Competitors

Prosperity Life competitors include listed companies like SiriusPoint, Assured Guaranty, Santam and Coface, and private ones like Nassau Financial Group and Prismic Life Reinsurance.

Public and private companies comparable to Prosperity Life
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Nassau Financial GroupUnited StatesHartford, CTPrivate--$1.7B-
SiriusPointUnited StatesUnited StatesPublicly listed$3.2B$632M$3B0.9x
Prismic Life ReinsuranceBermudaBermudaPrivate--$2.9B-
Assured GuarantyUnited StatesUnited StatesPublicly listed$1B$751M$3.2B3.5x
SantamSouth AfricaSouth AfricaPublicly listed$2.7B$526M$3.2B1.4x
CofaceFranceFrancePublicly listed$1.9B$411M$2.7B1.4x

Prosperity Life Public Comps

Prosperity Life is no longer listed, but its public comps include SiriusPoint, Sprott, WisdomTree, F&G Annuities & Life, Tata Investment Corp, Lemonade, National MI, Guaranty Trust Holding, AllianceBernstein and Meitav Investments House.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SiriusPoint$3.2B$632M1.0x0.9x4.8x-
Sprott$269M$94M10.2x7.7x29.3x14.9x
WisdomTree$494M$167M7.4x5.5x21.9x12.7x
F&G Annuities & Life$5.4B$1.2B0.6x0.3x2.7x-
Tata Investment Corp$55M-55.7x---
Lemonade$738M($146M)4.2x2.7x(21.2x)(51.9x)
National MI$706M$540M4.1x4.6x5.4x-
Guaranty Trust Holding$1.3B-2.4x1.9x--

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Common questions about Prosperity Life

When was Prosperity Life founded?Prosperity Life was founded in 1916.
Where is Prosperity Life headquartered?Prosperity Life is headquartered in New York City, NY, United States.
Is Prosperity Life publicly listed?No, Prosperity Life was acquired by JAB Holding Company in February 2025.
Who acquired Prosperity Life?Prosperity Life was acquired by JAB Holding Company in February 2025.
How much was Prosperity Life acquired for?Prosperity Life was acquired for $3B in February 2025.
How much funding has Prosperity Life raised?Prosperity Life has raised $7M across 1 funding round.
What was Prosperity Life's last funding round?Prosperity Life's last funding round was a $7M Series A in November 2019.
Which companies are comparable to Prosperity Life?Companies comparable to Prosperity Life include Nassau Financial Group, SiriusPoint, Prismic Life Reinsurance, Assured Guaranty, Santam and Coface.

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