trending Market Intelligence /marketintelligence/en/news-insights/trending/RVbx6GEISqPdliN5z00Oyg2 content esgSubNav
In This List

Jefferson Life acquisition gets regulatory approval from Texas

Blog

Perspectives from China: The Shifting Regulatory Landscape

Blog

Anticipate the Unknown: Does Supply Chain Disruption Lead to Increased Credit Risk?

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

Expand Your Perspective: Data & Distribution Q&A


Jefferson Life acquisition gets regulatory approval from Texas

The Texas Department of Insurance approved Oct. 11 Preferred Security Life Insurance Co.'s planned acquisition of 100% of Jefferson Life Insurance Co.'s shares.

The deal is expected to close Nov. 15. The purchase price is estimated to be approximately $1.5 million.

Preferred Security Life will shoulder $500,000 of the purchase price, while parent company TEG LLC will pay for the remainder. Preferred Security Life will recognize a $695,000 addition to surplus at closing.