JAB Insurance Completes Acquisition of Prosperity Life Group

JAB Insurance announced that it has completed its acquisition of Prosperity Life Group from Elliott Investment Management, effective September 5, 2025. With nearly $30 billion in assets and one million policyholders, Prosperity will become a foundational part of the JAB Insurance business.

Prosperity serves approximately one million policies through protection and retirement solutions. Prosperity holds a financial rating of A- (Stable) from A.M. Best, S&P Global and KBRA. JAB Insurance plans to further strengthen Prosperity’s life insurance businesses and position it for long-term sustainable growth with a focus on policyholders.

Please see the press release to learn more.