1、2025 insurance M&A outlookGuiding future growth2021 insurance M&A outlook|Powering through disruption2Brochure/report title goes here|Section title goes here 2ContentsIntroduction 32024 in review 4Five trends for 2025 insurance M&A 8A beacon of opportunity 10 Contacts 11Endnotes 112025 insurance M&A

2、 outlook|Guiding future growth22025 insurance M&A outlook|Guiding future growth3IntroductionWhile inflation appears to be moving in the right direction,the stock market is navigating volatility.In Washington,a new administration will be working with Republican majorities in both the House and Senate

3、 for at least two years.Numerous provisions of the Tax Cuts and Jobs Act(TCJA)are set to expire at the end of 2025 and,along with other priorities,tax reform is high on the list.Thats the political backdrop for insurance industry mergers and acquisitions(M&A)in 2025.Dealmakers may hope the market wi

4、ll wake up and bring more buyers and sellers to the tablebut they possibly hoped for the same last year,too,only to see the number of deals in the insurance sector decrease slightly from 2023 to 2024.While the aggregate value of deals did increase last year,this was partially driven by a limited num

5、ber of transformative deals in each industry subsector(more on that in the“2024 in review”section)Private equity was less active in insurance M&A and,at the same time,many deals took longer than expected to consummate.In addition,the scope of some widely anticipated tie-ups turned out to be smaller

6、than expected.Add a somewhat unpredictable policy climate,in terms of what will come to fruition and when,and some uncertainty remains.Though nuanced and specific to certain segments and dynamics,market indicators offer a more encouraging,increasingly active expectation for insurance M&A in 2025.Thi