Symetra Life Insurance Company has entered into an agreement to acquire Dearborn Group’s life and disability business, enhancing its workforce benefits offerings and expanding its market reach through a strategic partnership with Health Care Service Corporation.

Information on the Target

Dearborn Group, a prominent player in the ancillary benefits market, is a wholly-owned subsidiary of Health Care Service Corporation (HCSC). They specialize in providing a comprehensive range of insurance solutions including life, disability, dental, vision, and supplemental health benefits to employer groups across the United States. By combining these offerings with medical coverage, Dearborn Group delivers exceptional value to both employers and their employees.

In the current transaction, Dearborn Group is set to sell its group life and disability (L&D) business to Symetra Life Insurance Company, marking a strategic shift as the company focuses on expanding its dental, vision, and supplemental health services. This acquisition will enable Dearborn Group to streamline its operations and enhance its portfolio of health-related offerings.

Industry Overview in the Target’s Specific Country

The insurance industry in the United States is characterized by a high level of competition, driven by a myriad of providers like Symetra and Dearborn Group. As the labor market evolves, employers are increasingly see