Protective Life acquires part of Great-West Life for $1B
BIRMINGHAM, Ala. (AP) — Alabama-based Protective Life Insurance Co. is buying part of the Colorado-based Great-West Life & Annuity Insurance Co. in a deal worth $1.2 billion.
Protective Life is buying nearly all of Great-West Life's individual life insurance and annuity business. Protective Life says the purchase announced Thursday is the largest acquisition in company history.
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