Corebridge Direct Insurance Services, Inc.
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Corebridge Direct Insurance Services, Inc., originally founded in 1995 as Matrix Direct, is a direct-to-consumer life insurance business based in San Diego, California. The company operates as a subsidiary of Corebridge Financial, Inc., and was rebranded from AIG Direct to Corebridge Direct in July 2024 to align with its parent company following the 2022 spin-off of American International Group, Inc. (AIG)'s retirement, life insurance, and wealth management segments. Business/Product Breakdown Corebridge Direct specializes in providing affordable life insurance products through direct-to-consumer channels, primarily via phone and online platforms. The company offers a range of life insurance products, including term life insurance, permanent life insurance (such as universal life and whole life policies), and accidental death insurance. Policies are issued by American General Life Insurance Company (AGL), except in New York, where they are issued by The United States Life Insurance Company in the City of New York (US Life). Corebridge Direct employs advanced technology to deliver accurate online quotes and streamline the application process, supported by a team of life insurance professionals who assist customers in selecting appropriate coverage. The company emphasizes a convenient and straightforward purchasing experience, positioning itself as a leader in the direct-to-consumer life insurance market.
Keywords
Keywords
Classified
Private