Gerber Life Insurance Company

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Gerber Life Insurance Company
Subsidiary
IndustryLife Insurance
Founded1967; 52 years ago (1967)
Fremont, Michigan, U.S.
Headquarters,
U.S.
Number of employees
500
ParentWestern & Southern Financial Group
Websitegerberlife.com

The Gerber Life Insurance Company was formed in 1967 in Fremont, Michigan.[1] Gerber Life provides juvenile and family life insurance products to middle-income families along with medical insurance to small- and medium-sized businesses.[2] It is currently owned by Western & Southern Financial Group, who licenses the Gerber trademark from the Gerber Products Company unit of Nestlé.

History[edit]

Gerber Life is headquartered in White Plains, New York, and has an operation center in Fremont, Michigan.[3] The company has $52 billion of life insurance in force with 3.6 million policies for individuals throughout the United States, Puerto Rico, and Canada.[4][2]

In 2007, Nestlé acquired the company with Gerber Products.[2]

Nestlé announced on September 17, 2018, that it would be selling the Gerber Life Insurance Company to Western & Southern Financial Group for $1.55 billion.[5]

References[edit]

  1. ^ "Gerber Life Insurance Company: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-11-16.
  2. ^ a b c Caproni, Erin (September 17, 2018). "Western & Southern to make $1.5B acquisition". Cincinnati Business Courier. Retrieved 16 October 2018.
  3. ^ http://www.gerberlife.com/gl/view/index.jsp#product1 Archived 2010-11-01 at the Wayback Machine
  4. ^ Iacurci, Greg (September 18, 2018). "Western & Southern buys Gerber Life Insurance in $1.55 billion deal". Investment News. Retrieved 16 October 2018.
  5. ^ Scism, Leslie; Barba, Robert (17 September 2018). "Nestlé to Sell Gerber Life Insurance to Western & Southern Financial" – via www.wsj.com.

External links[edit]