Insurance
The insurance sector, which operates within Houlihan Lokey’s Financial Services Group, has earned a reputation for providing superior service and achieving outstanding results in M&A advisory, capital-raising, restructuring, and financial and valuation advisory services.
The global Houlihan Lokey Financial Services team has more than 90 dedicated financial services professionals with senior officers located in eight offices around the world, including Atlanta, Boston, Chicago, London, Los Angeles, Miami, New York, and Tokyo. We are deeply experienced in advising clients across business models of all types, including advisory, distribution, services, technology, and balance-sheet-driven companies. When our experience is combined with our comprehensive understanding of the industry’s financial, regulatory, and competitive dynamics, we are able to more effectively analyze a full range of strategic options, such as mergers, acquisitions, divestitures, capital raising, and asset sale transactions.
| Advisor | Deals |
|---|---|
| Houlihan Lokey | 41 |
| Rothschild | 32 |
| Goldman Sachs | 29 |
| UBS | 27 |
| Morgan Stanley | 26 |
Subsectors
How We Can Help
Our firm is extremely well equipped to help our clients navigate uncertainty and capitalize on opportunity. We respond quickly to challenging situations and are constantly helping clients analyze, structure, negotiate, and execute the best possible solutions from both strategic and financial perspectives.
Corporate Finance
- Mergers and Acquisitions
- Capital Markets
- Private Funds Advisory
- Board Advisory Services
Financial Restructuring
- Company Advisory
- Creditor Advisory
Financial and Valuation Advisory
- Portfolio Valuation and Fund Advisory
- Transaction Opinions
- Corporate Valuation Advisory Services
- Transaction Advisory Services
- Real Estate Valuation and Advisory
- Dispute Resolution Consulting
Contact Us
Selected Transactions
Houlihan Lokey is pleased to announce that AUL Corp., a portfolio company of Brookside Equity Partners, has been acquired by Protective Life Corp. (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), in a transformative transaction for the automotive finance and insurance (F&I) sector. The transaction closed on May 2, 2022.
AUL, a pioneer of the F&I industry, founded the used car service contract business with the introduction of the still-famous “Any Year, Any Mileage®” vehicle service contract in 1990. AUL has since expanded to offer a full suite of F&I products across all channels, with the mission of being the premier F&I provider in America. Since inception, AUL has sold over 3 million contracts through its industry-leading network of agent and dealer clients who distribute AUL’s product offering, which includes extended warranties, vehicle service contracts, guaranteed asset protection insurance, and a suite of ancillary products.
Headquartered in Birmingham, Alabama, Protective is an industry-leading, full-service insurance provider with a history going back 115 years. Through its subsidiaries, Protective offers life insurance, annuity, and asset protection solutions, helping more than 12 million people protect what matters most. This acquisition is a strong complement to Protective’s Asset Protection Division that offers, among others, extended service contracts, guaranteed asset protection, and ancillary products to protect consumers’ investments in automobiles, recreational vehicles, watercraft, and powersports vehicles. In addition, Protective’s Asset Protection Division offers a robust portfolio of dealer participation programs, training, and technology solutions through a network of general agents as well as a direct sales force.
Houlihan Lokey served as the exclusive financial advisor to AUL and assisted in initiating, marketing, structuring, and negotiating the transaction on its behalf.
This transaction highlights Houlihan Lokey’s deep focus on repeat client relationships and further strengthens its position as a leading advisor in the automotive F&I industry, having previously sold AUL to Brookside Equity Partners in 2017. Other recent relevant Houlihan Lokey transactions include Revolos’ sale to Protective Life; National Automotive Expert’s sale to Portfolio Holding, Inc.; Vehicle Administrative Services’ sale to Brown & Brown, Inc.; American Financial and Automotive Services’ sale to Assurant, Inc.; and Portfolio Holding, Inc.’s sale to Abry Partners, among many others.
