SILAC Insurance Company Acquisition, Valuation, Funding & Investors

SILAC Insurance Company was acquired by Hildene for $550M in December 2025, a 0.2x multiple on $2.5B of revenue.

SILAC Insurance Company acquisition price

$550M

Acquired by Hildene · Dec 2025

SILAC Insurance Company revenue at acquisition

$2.5B

Last twelve months · Dec 2025

SILAC Insurance Company revenue multiple at acquisition

0.2x

EV/Revenue · Dec 2025

Cumulative funding SILAC Insurance Company raised

$75M

across 1 funding round

SILAC Insurance Company Overview

About SILAC Insurance Company

SILAC Insurance Company is an American life insurer that sells fixed and fixed indexed annuities for retirement savings. It was founded in Salt Lake City, Utah, in 1935 with a borrowed US$20, describes itself as Utah's oldest active life insurance company, and was acquired by SILAC, Inc. in 2017. Its products include the Secure Savings series of guaranteed accumulation annuities, the Elevation, Denali and Teton accumulation indexed annuities, the Evolve income annuity and the Vega legacy annuity, some linked to proprietary indexes such as Barclays Atlas 5 and RavenPack AI. The company is licensed in 48 states and the District of Columbia, sells through independent producers, and earns a spread on the premiums it invests. In 2024 it originated about US$2.5 billion of annuities, and at September 30, 2025 it had roughly US$10 billion of total admitted assets and US$505 million of capital and surplus. In December 2025 Hildene Capital Management, a minority investor since 2022 and a reinsurance partner, agreed to buy all of parent SILAC, Inc. for about US$550 million in cash, with G. Daniel Acker to succeed Stephen Hilbert as chief executive at closing.


Founded

1935

HQ

United StatesSalt Lake City, UT

Status

Acquired

Customer focus

B2C & B2B

Revenue model

Product sales

Revenue

$2.5B (Dec 2025)

Valuation

$550M (Jan 2023)

SILAC Insurance Company Acquisition

SILAC Insurance Company was acquired by Hildene for $550M on 8 December 2025.

The acquisition price implies a 0.2x revenue multiple on $2.5B of revenue.

Before the acquisition SILAC Insurance Company had raised $75M across 1 funding round.

SILAC Insurance Company, founded in 1935 and headquartered in Carmel, Indiana, provides fixed and fixed-indexed annuity products across 48 states and the District of Columbia. As of September 30, 2025, SILAC reported capital and surplus of $505 million and total admitted assets of $10 billion, with $2.5 billion in annuity originations in 2024, primarily fixed indexed annuities, holding a 0.46% share of the $117 billion annuity market and 1.64% of the $32 billion indexed annuity market in 3Q2025. The company carries financial strength ratings of BBB from KBRA, BBB- from Fitch, and B from AM Best. Hildene Capital Management, an $18 billion credit-focused alternative asset manager, signed a definitive agreement on December 8, 2025, to acquire SILAC, Inc., the parent of SILAC Insurance Company, for $550 million in cash, building on a 2022 strategic minority investment and a January 2023 $2.5 billion quota share reinsurance agreement with Hildene affiliate Ludlow Re. The all-cash deal, advised by Kirkland & Ellis, is expected to close in mid-2026 or the first half of 2026, pending regulatory approvals, after which Hildene will manage all of SILAC's investment assets to enhance growth and financial stability amid strong annuity sector tailwinds. Upon closing, current President and Chief Marketing Officer Dan Acker will become SILAC's CEO, succeeding Stephen Hilbert. The acquisition expands Hildene's insurance solutions platform by leveraging its alternatives expertise for innovative investment and risk management strategies benefiting policyholders, while providing SILAC additional resources to accelerate its annuity strategy, innovation, and distribution amid rising demand. No changes to day-to-day operations, contacts, or agent partnerships are anticipated.

SILAC Insurance Company acquisition details
AcquirerDateTypePriceEV/Revenue
  • Hildene
8 Dec 2025Strategic M&A$550M0.2x

SILAC Insurance Company Valuation

SILAC Insurance Company is currently valued at $550M, based on its undisclosed-stage round in January 2023.

The $75M round was led by Hildene.

SILAC Insurance Company valuation by funding round

SILAC Insurance Company valuation by funding round
DateStageValuation
Jan 2023Undisclosed stage$550M

SILAC Insurance Company Funding History

SILAC Insurance Company has raised a total of $75M across 1 funding round.

SILAC Insurance Company funding rounds

SILAC Insurance Company funding rounds
DateStageInvestorsRaisedValuation
Jan 2023Undisclosed stageHildene (lead)$75M$550M

Who has invested in SILAC Insurance Company?

1 investor has backed SILAC Insurance Company across its funding rounds, including Hildene.

Lead investors include Hildene.


SILAC Insurance Company Investors

Investors in SILAC Insurance Company by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by SILAC Insurance Company

SILAC Insurance Company has acquired 1 company to date.

Last acquisition by SILAC Insurance Company was on November 5th 2024. SILAC Insurance Company acquired Film Finances for $22M.


Latest Acquisitions by SILAC Insurance Company

Film Finances
Description
Film Finances is a completion guarantor for film and television productions, founded in London in 1950 and now headquartered in Los Angeles. It was incorporated on February 24, 1950 by Lloyd's underwriter Peter Hope and film producer Robert Garrett as the world's first specialised completion guarantor. The company issues contracts assuring the banks, investors, sales agents and distributors that finance a production that it will be completed on time, on budget and to an agreed specification, and it covers additional costs if it is not. Its work runs from evaluating scripts, budgets and schedules, through the legal documentation, to monitoring shooting with regular reports and set visits, and it earns fees on the productions it bonds. Film Finances says it has guaranteed more than 6,000 films, including The African Queen, Dr. No, The Wicker Man and Slumdog Millionaire, and it has seven offices, among them London, Stockholm, Toronto, Cape Town, Cologne and New South Wales. 777 Partners bought the company in 2019; in autumn 2024 it was sold through a prepackaged Chapter 11 process to Film Services International, which is wholly owned by insurance group A-CAP, and in July 2026 it agreed to acquire rival bond firm Media Guarantors from CAC Group.
HQ CountryUnited States
HQ City
Los Angeles, CA
Deal Date5 Nov 2024
Valuation$22M
EV/Revenue
EV/EBITDA

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SILAC Insurance Company Competitors

SILAC Insurance Company competitors include listed companies like Crawford, SanlamAllianz Maroc, Sabre Insurance Group and American Integrity, and private ones like Vouch and Paytm Insurance.

Public and private companies comparable to SILAC Insurance Company
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
VouchUnited StatesSan Francisco, CAPrivate$66M-$550M-
CrawfordUnited StatesUnited StatesPublicly listed$1.3B$89M$544M0.4x
SanlamAllianz MarocMoroccoMoroccoPublicly listed$811M$161M$541M0.6x
Sabre Insurance GroupUnited KingdomUnited KingdomPublicly listed$270M$69M$564M1.9x
Paytm InsuranceIndiaNew DelhiPrivate--$533M-
American IntegrityUnited StatesUnited StatesPublicly listed$276M$117M$528M0.5x

SILAC Insurance Company Public Comps

SILAC Insurance Company is no longer listed, but its public comps include Crawford, SanlamAllianz Maroc, Sabre Insurance Group, American Integrity, weSure, MEDGULF, Investors Title, American Coastal, Bank of The RyukyusLtd and Tiptree.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Crawford$1.3B$89M0.4x0.4x6.1x4.4x
SanlamAllianz Maroc$811M$161M0.7x0.6x3.4x-
Sabre Insurance Group$270M$69M2.1x1.9x8.2x-
American Integrity$276M$117M1.9x0.5x4.5x-
weSure$1.4B$170M0.4x-3.5x-
MEDGULF$1.1B$19M0.5x-26.8x-
Investors Title$273M$49M1.8x-9.9x-
American Coastal$335M$160M1.4x0.8x3.0x-

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Common questions about SILAC Insurance Company

When was SILAC Insurance Company founded?SILAC Insurance Company was founded in 1935.
Where is SILAC Insurance Company headquartered?SILAC Insurance Company is headquartered in Salt Lake City, UT, United States.
Is SILAC Insurance Company publicly listed?No, SILAC Insurance Company was acquired by Hildene in December 2025.
Who acquired SILAC Insurance Company?SILAC Insurance Company was acquired by Hildene in December 2025.
How much was SILAC Insurance Company acquired for?SILAC Insurance Company was acquired for $550M in December 2025, a 0.2x revenue multiple.
What is SILAC Insurance Company's valuation?SILAC Insurance Company was last valued at $550M in its undisclosed-stage round in January 2023.
How much funding has SILAC Insurance Company raised?SILAC Insurance Company has raised $75M across 1 funding round.
What was SILAC Insurance Company's last funding round?SILAC Insurance Company's last funding round was a $75M undisclosed-stage round in January 2023, led by Hildene.
Who are SILAC Insurance Company's investors?SILAC Insurance Company's investors include Hildene.
Which companies are comparable to SILAC Insurance Company?Companies comparable to SILAC Insurance Company include Vouch, Crawford, SanlamAllianz Maroc, Sabre Insurance Group, Paytm Insurance and American Integrity.
How many companies has SILAC Insurance Company acquired?SILAC Insurance Company has acquired 1 company, including Film Finances.
What was the largest acquisition by SILAC Insurance Company?The $22M acquisition of Film Finances in November 2024 is the largest acquisition SILAC Insurance Company has made to date.

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