Nippon Life in Advanced Talks to Acquire Resolution Life for $8.2 Billion

If finalized, the deal would mark the largest-ever foreign acquisition by a Japanese insurer, expanding Nippon Life's global footprint.

Nippon Life Insurance is in the final stages of discussions to acquire Resolution Life Group Holdings for approximately $8.2 billion.
Resolution Life confirmed the talks but stated that no agreement has been reached and there is no certainty the deal will proceed.
The acquisition would make Resolution Life a wholly owned subsidiary of Nippon Life by the second half of 2025, with the purchase funded by cash on hand.
This deal would represent Nippon Life's largest overseas investment and follows its $3.8 billion purchase of a 20% stake in Corebridge Financial earlier this year.
The move reflects Japanese insurers' strategy to seek growth opportunities abroad as domestic markets face challenges from a shrinking and aging population.