Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Conifer Holdings, Inc.
Actual Acquirer:
Conifer Insurance Company
Target:
MLBA Mutual Insurance Company
Deal Type:
Insurance Company
Insurance Sector
Property & Casualty
Agreement Date:
1/29/2013
Announcement Date:
1/29/2013
Announced Deal Value ($ M):
7.50
Announced Deal Value, As Reported ($ M)
7.50
Status:
Completed
Announced Deal Value Per Share ($ )
NA
Completion Date:
1/29/2013

Consideration Breakout
Cash ($M) 7.5

Deal Pricing Ratios

Announcement Completion
Price / Earnings (x) NA NA
Price / Book (%) NA NA
Price / Statutory Net Income (x) NA NA
Price / Earnings (x) 25.03 25.03
Price / Capital & Surplus (%) NA NA
Price / Operating Income (x) 84.8 84.8
Price / Net Premiums Written (x) 9.61 9.61
Deal Terms
Description of Consideration

Conifer Holdings Inc. paid a purchase price of US$7.5 million in cash to acquire MLBA Mutual Insurance Co..

Percent Acquired (%) 100.00
Accounting Method Acquisition
Merger of Equals? No
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA