Ameritas Life Completes Acquisition of Texas Company
Lincoln, Neb./January 5, 2012/ Ameritas Life Insurance Corp. (Ameritas Life) of Lincoln, Neb., announced today it has completed the acquisition of BNL Financial Corporation (BNL), the parent company of Brokers National Life Assurance Company (Brokers National), an Austin, Texas-based insurance company domiciled in Arkansas. The acquisition was officially closed on December 31, 2011, following approval by the Arkansas Department of Insurance on December 20, 2011, and the completion of all other conditions precedent to closing.
BNL will operate as a separate subsidiary of Ameritas Life and all current business operations at Brokers National will remain the same. In addition to its own insurance products, Brokers National also will offer to its brokers group dental, vision and hearing care products through Ameritas Group, a division of Ameritas Life. Brokers National currently collects approximately $39.0 million of group premium annually.
Ameritas Life Insurance Corp. and its affiliated companies provide a wide range of insurance and financial services to customers throughout the United States, including life insurance; annuities; group dental, vision and hearing care insurance; retirement plans; investments and public finance. Securities and investment advisory services offered through affiliate Ameritas Investment Corp. Member FINRA/SIPC. For more information, visit the web site at ameritas.com.
-30-For more information, contact:
Vice President, Corporate Communications