About Prosperity Life Insurance Group
Prosperity Life Insurance Group is a company based in Roanoke (United States) founded in 2004 was acquired by JAB Holding Company in February 2025.. Prosperity Life Insurance Group has raised $6.91 million across 1 funding round from investors including iA Financial Group, Elliott Management and JAB Holding Company. The company has 185 employees as of December 31, 2020. Prosperity Life Insurance Group has completed 1 acquisition, including Shenandoah Life Insurance. Prosperity Life Insurance Group offers products and services including Life Insurance, Annuities, and Reinsurance. Prosperity Life Insurance Group operates in a competitive market with competitors including AIA Group, John Hancock, Nassau Financial Group, Western & Southern Financial Group and Globe Life And Accident Insurance, among others.
- Headquarter Roanoke, United States
- Employees 185 as on 31 Dec, 2020
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
- Legal Name Prosperity Service Group, Llc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$6.91 M (USD)
in 1 rounds
-
Latest Funding Round
$6.91 M (USD), Series A
Nov 15, 2019
-
Investors
iA Financial Group
& 2 more
-
Employee Count
185
as on Dec 31, 2020
- Investments & Acquisitions
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Prosperity Life Insurance Group
Prosperity Life Insurance Group offers a comprehensive portfolio of products and services, including Life Insurance, Annuities, and Reinsurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides financial protection for loved ones against life uncertainties.
Helps individuals grow and safeguard retirement savings effectively.
Offers tailored risk-management for insurance blocks and flows.
Unlock access to complete
Unlock access to complete
Leadership Team
17 people
Software Development Team
13 people
Finance and Accounting
8 people
Sales and Marketing
4 people
Product Management Team
3 people
Human Resources and Administration
3 people
Chairman Team
2 people
Operations Team
2 people
Unlock access to complete
Funding Insights of Prosperity Life Insurance Group
Prosperity Life Insurance Group has successfully raised a total of $6.91M through 1 strategic funding round. The most recent funding activity was a Series A round of $6.91 million completed in November 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $6.9M
-
First Round
First Round
(15 Nov 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series A - Prosperity Life Insurance Group | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Prosperity Life Insurance Group
Prosperity Life Insurance Group has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include iA Financial Group, Elliott Management and JAB Holding Company. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Premium brands are acquired by the private equity firm.
|
Founded Year | Domain | Location | |
|
Private foundations focused on insurance sectors
|
Founded Year | Domain | Location | |
|
Multiple sectors are invested in by the hedge fund.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Prosperity Life Insurance Group
Prosperity Life Insurance Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Shenandoah Life Insurance. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Life insurance company
|
1914 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Prosperity Life Insurance Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Prosperity Life Insurance Group Comparisons
Competitors of Prosperity Life Insurance Group
Prosperity Life Insurance Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AIA Group, John Hancock, Nassau Financial Group, Western & Southern Financial Group and Globe Life And Accident Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Life insurance and related services are offered across Asia-Pacific markets.
|
|
| domain | founded_year | HQ Location |
Offers life insurance products, investment advice, and retirement planning for individuals and businesses.
|
|
| domain | founded_year | HQ Location |
Diversified insurance brokerage services are provided from Hartford.
|
|
| domain | founded_year | HQ Location |
Life insurance, investments, and retirement solutions are provided to clients.
|
|
| domain | founded_year | HQ Location |
Life and accident insurance policies are provided by the company.
|
|
| domain | founded_year | HQ Location |
Life insurance company
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Prosperity Life Insurance Group
Frequently Asked Questions about Prosperity Life Insurance Group
When was Prosperity Life Insurance Group founded?
Prosperity Life Insurance Group was founded in 2004 and raised its 1st funding round 15 years after it was founded.
Where is Prosperity Life Insurance Group located?
Prosperity Life Insurance Group is headquartered in Roanoke, United States. It is registered at Roanoke, Virginia, United States.
Who is the current CEO of Prosperity Life Insurance Group?
Anurag Chandra is the current CEO of Prosperity Life Insurance Group.
Is Prosperity Life Insurance Group a funded company?
Prosperity Life Insurance Group is a funded company, having raised a total of $6.91M across 1 funding round to date. The company's 1st funding round was a Series A of $6.91M, raised on Nov 15, 2019.
How many employees does Prosperity Life Insurance Group have?
As of Dec 31, 2020, the latest employee count at Prosperity Life Insurance Group is 185.
What does Prosperity Life Insurance Group do?
Prosperity Life Insurance Group was established in 2004 and is based in Roanoke, United States. Operations are centered in the life insurance sector, where various policies and financial protection products are offered to individuals and organizations. Coverage options are tailored for long-term security needs, with management led by CEO Anurag Chandra. The company maintains a focus on domestic markets within the United States.
Who are the top competitors of Prosperity Life Insurance Group?
Prosperity Life Insurance Group's top competitors include AIA Group, Brighthouse Financial and Globe Life And Accident Insurance.
What products or services does Prosperity Life Insurance Group offer?
Prosperity Life Insurance Group offers Life Insurance, Annuities, and Reinsurance.
How many acquisitions has Prosperity Life Insurance Group made?
Prosperity Life Insurance Group has made 1 acquisition, including Shenandoah Life Insurance.
Who are Prosperity Life Insurance Group's investors?
Prosperity Life Insurance Group has 3 investors. Key investors include iA Financial Group, Elliott Management, and JAB Holding Company.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.