JAB to acquire Prosperity Life and Prosperity Asset Management

JAB Holding Company, Elliott Investment Management, and Prosperity Life Group have announced that they have entered into an agreement whereby JAB will acquire 100% of Prosperity, which includes its insurance and reinsurance companies and Prosperity Asset Management. The transaction is subject to customary closing conditions, including receipt of insurance regulatory approvals, and is expected to close in the second half of 2025.

Please see the press release to learn more.