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- Prosperity Life
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
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
Website
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.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 5 Feb 2025 | PE buyout | $3B |
Prosperity Life Funding History
Prosperity Life has raised a total of $7M across 1 funding round.
Prosperity Life funding rounds
| Date | Stage | Raised | Deal Summary |
|---|---|---|---|
| Nov 2019 | Series A | $7M | An 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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Start Free TrialProsperity 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.7B | - | ||
| Publicly listed | $3.2B | $632M | $3B | 0.9x | ||
| Private | - | - | $2.9B | - | ||
| Publicly listed | $1B | $751M | $3.2B | 3.5x | ||
| Publicly listed | $2.7B | $526M | $3.2B | 1.4x | ||
| Publicly listed | $1.9B | $411M | $2.7B | 1.4x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.2B | $632M | 1.0x | 0.9x | 4.8x | - | |||
| $269M | $94M | 10.2x | 7.7x | 29.3x | 14.9x | |||
| $494M | $167M | 7.4x | 5.5x | 21.9x | 12.7x | |||
| $5.4B | $1.2B | 0.6x | 0.3x | 2.7x | - | |||
| $55M | - | 55.7x | - | - | - | |||
| $738M | ($146M) | 4.2x | 2.7x | (21.2x) | (51.9x) | |||
| $706M | $540M | 4.1x | 4.6x | 5.4x | - | |||
| $1.3B | - | 2.4x | 1.9x | - | - | |||
This data is available for Pro users. Sign up to see all Prosperity Life competitors and their valuation data. Start Free Trial | ||||||||
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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