Protective Life

Dai-ichi Life eyes US-listed Protective Life

Dai-ichi Life Insurance plans to purchase US-listed Protective Life for Y500 billion. All eyes are on how it will raise the necessary funds.

Dai-ichi Life Insurance is reportedly in talks to acquire NYSE-listed Protective Life for Y500 billion $4.9 billion, in line with its stated plans to expand overseas, but questions remain over the funding.

Citing reports that it was looking to buy Protective Life and mulling a Y200 billion share sale to help fund it, the company said it was looking at various US life insurance investments and different funding options, including an equity share sale, but that nothing has yet been decided. 

Japanese insurance companies have made several foreign forays in recent years beyond their stagnant domestic market and Dai-ichi Life...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222