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
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
- Legal Name Prosperity Service Group, Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$6.91 M (USD)
in 1 rounds
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Latest Funding Round
$6.91 M (USD), Series A
Nov 15, 2019
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Investors
iA Financial Group
& 2 more
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Employee Count
185
as on Dec 31, 2020
- Investments & Acquisitions
- Acquired by
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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.
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.
People of Prosperity Life Insurance Group
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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
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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.
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.
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Private foundations focused on insurance sectors
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Multiple sectors are invested in by the hedge fund.
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Investor details for Prosperity Life Insurance Group
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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.
Investment portfolio details for Prosperity Life Insurance Group
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Life insurance company
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Complete acquisition details for Prosperity Life Insurance Group
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Financial Statements - Prosperity Life Insurance Group
Detailed financials for Prosperity Life Insurance Group
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Prosperity Life Insurance Group Comparisons
Peer comparison for Prosperity Life Insurance Group
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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.
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Life insurance and related services are offered across Asia-Pacific markets.
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Offers life insurance products, investment advice, and retirement planning for individuals and businesses.
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Diversified insurance brokerage services are provided from Hartford.
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Life insurance, investments, and retirement solutions are provided to clients.
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Life and accident insurance policies are provided by the company.
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Life insurance company
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Detailed competitors of Prosperity Life Insurance Group
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Latest news on Prosperity Life Insurance Group
Complete news archive for Prosperity Life Insurance Group
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Frequently Asked Questions about Prosperity Life Insurance Group
Prosperity Life Insurance Group was founded in 2004 and raised its 1st funding round 15 years after it was founded.
Prosperity Life Insurance Group is headquartered in Roanoke, United States. It is registered at Roanoke, Virginia, United States.
Anurag Chandra is the current CEO of Prosperity Life Insurance Group.
Prosperity Life Insurance Group is a funded company, having raised a total of $6.91M across 1 funding round to date.
As of Dec 31, 2020, the latest employee count at Prosperity Life Insurance Group is 185.
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.
Prosperity Life Insurance Group's top competitors include AIA Group, Brighthouse Financial and Globe Life And Accident Insurance.
Prosperity Life Insurance Group offers Life Insurance, Annuities, and Reinsurance.
Prosperity Life Insurance Group has made 1 acquisition, including Shenandoah Life Insurance.
Prosperity Life Insurance Group has 3 investors. Key investors include iA Financial Group, Elliott Management, and JAB Holding Company.