Debevoise Advises Prosperity Life Group in Its Acquisition of National Western in a Transaction Valued at Approximately $1.9 Billion

9 October 2023

Debevoise & Plimpton LLP is advising Prosperity Life Group with respect to its affiliate, S.USA Life Insurance Company, Inc.’s, acquisition of National Western Life Group, Inc. in an all cash merger valued at approximately $1.9 billion. For more information, please see the parties’ joint press release.

Prosperity Life Group is an innovative insurance, reinsurance, and asset management company. National Western Life Group, Inc. is the parent organization of National Western Life Insurance Company and Ozark Life Insurance Company.

The Debevoise team is led by M&A partner Kevin Schmidt and insurance M&A partner David Grosgold and counsel Megan Arrogante, and includes insurance M&A partner Thomas Kelly, associates Susie Kim and Katie Power and law clerk Saraya Ivanova, M&A counsel Benjamin Collins-Wood and associate Sarah Jacobson, finance partner Scott Selinger, banking partner Jeff Robins, executive compensation and employee benefits partner J. Michael Snypes Jr. and associates Mayaan Stein and Wendy Widmanreal estate partner Edward Rishty and associate Isadore Shamah, and tax partner Rafael Kariyev, associate Robert Nelson-Sullivan and law clerk Olivia Coral Daniels.