Insurance
Home›Insurance›Industry & Deals›Athora to sell German life and pensions unit to Frankf…
Athora to sell German life and pensions unit to Frankfurter Leben
The deal covers Athora Germany’s closed book totaling €3.5 billion of AuMA and is expected to close in mid-2027, pending regulatory approvals.
Athora has entered into a definitive agreement to sell Athora Germany, its German life and pensions business, to Frankfurter Leben, subject to customary regulatory approvals and closing conditions, Reinsurance News reported.
Athora Germany includes German life and pensions operations and related holding and regulated entities, and it manages a closed book of traditional life, unit-linked and pension policies with total assets under management of €3.5 billion of AuMA. The business, originally acquired by Athene in 2014, was later transferred to Athora in 2018 when it deconsolidated from Athene.
Frankfurter Leben is a German insurance group focused on acquiring and managing life and pension portfolios through five regulated life and pension insurance companies, serving about 700,000 policyholders. The group and its subsidiaries are regulated by BaFin.
The proposed transaction is expected to close in mid-2027, and Athora said it does not expect the deal to have any material impact on its key financial metrics and targets. Athora Germany will continue operating as normal during the approval process to keep policyholder benefits and contractual commitments unchanged.