Primerica to exit senior health business by relinquishing ownership of e-TeleQuote Insurance, Inc.
Acquiring Company
Primerica
Acquired Company
e-TeleQuote Insurance
DuluthHillsboroughFinancial ServicesHealth CareInsuranceDescription
Primerica, Inc. has announced its intention to exit the senior health business by relinquishing ownership of e-TeleQuote Insurance, Inc., which was acquired in July 2021. The decision is driven by the subsidiary's lack of clear path toward anticipated profitability within an acceptable timeframe and the uncertain regulatory environment in the senior health distribution market. Primerica expects to terminate its rights to e-TeleQuote no later than September 30, 2024, and e-TeleQuote expects to issue shares of its common stock to a third party.
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Frequently asked
Who acquired e-TeleQuote Insurance?
e-TeleQuote Insurance was acquired by Primerica, based in Duluth. The deal was reported on July 16, 2024. Primerica, Inc., is a leading provider of financial services to middle-income households in North America. Primerica is publicly traded (PRI) and operates in Financial Services.
When did Primerica acquire e-TeleQuote Insurance?
Primerica's acquisition of e-TeleQuote Insurance was reported on July 16, 2024. Primerica, Inc. has announced its intention to exit the senior health business by relinquishing ownership of e-TeleQuote Insurance, Inc., which was acquired in July 2021. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does e-TeleQuote Insurance do?
e-TeleQuote Insurance, Inc. is a digital insurance agency that sells life and health insurance nationwide via the internet and fulfillment centers. It is privately held, operating in Health Care, and is based in Hillsborough.
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