Gerber Life Insurance Company

Last updated
Gerber Life Insurance Company
Type Subsidiary
Industry Life insurance
Founded1967;59 years ago (1967)
Fremont, Michigan, U.S.
Headquarters
White Plains, New York
,
U.S.
Key peopleKeith O'Reilly (CEO)
Number of employees
500
Parent Western & Southern Financial Group
Website www.gerberlife.com OOjs UI icon edit-ltr-progressive.svg

The Gerber Life Insurance Company (also known as Gerber Life Insurance or Gerber Life) is a life insurance company that 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.

Contents

History

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] [5] On September 17, 2018, Nestlé announced that it would be selling the Gerber Life Insurance Company to Western & Southern Financial Group for $1.55 billion. [6]

Products

References

  1. ↑ "Gerber Life Insurance Company: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-11-16.
  2. 1 2 3 Caproni, Erin (September 17, 2018). "Western & Southern to make $1.5B acquisition". Cincinnati Business Courier. Retrieved 16 October 2018.
  3. ↑ "Family Life Insurance Policies | Gerber Life Insurance". www.gerberlife.com. Archived from the original on 2010-11-01.
  4. ↑ Iacurci, Greg (September 18, 2018). "Western & Southern buys Gerber Life Insurance in $1.55 billion deal". Investment News. Retrieved 16 October 2018.
  5. ↑ "Nestle To Buy Gerber For $5.5 Billion - CBS News". www.cbsnews.com. 2007-04-12. Retrieved 2026-11-04.
  6. ↑ Scism, Leslie; Barba, Robert (17 September 2018). "Nestlé to Sell Gerber Life Insurance to Western & Southern Financial" – via www.wsj.com.
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