About Prosperity Life Insurance Group
Prosperity Life Insurance Group is a Financial Services company based in Roanoke (United States) founded in 2004, and was acquired by JAB Holding Company in February 2025. Life insurance coverage and services are provided to policyholders. 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. Prosperity Life Insurance Group has completed 1 acquisition, including Shenandoah Life Insurance. Its chief executive, as recorded, is Anurag Chandra. Its website prosperitylife.com draws about 15 thousand monthly visits. Prosperity Life Insurance Group offers products and services including Life Insurance, Annuities, and Reinsurance. Its focus areas include Insurance Carriers and Life. Its legal entity is PROSPERITY SERVICE GROUP, LLC. Its competitors include John Hancock, Nassau Financial Group and Western & Southern Financial Group; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Roanoke, United States
- Employees 185
- Stage Acquired
- SectorsFinancial Services
- Website category Finance · Insurance
- Phone•••• ••••
- Website prosperitylife.com
- Acquired by JAB Holding Company (Feb 2025)
- Legal Name Prosperity Service Group, Llc
- Total Equity Funding$6.91M (USD)
in 1 rounds
- Latest Funding Round$6.91M (USD), Series A
Nov 2019
- InvestorsiA Financial Group
& 2 more
- Employee Count185
- Investments & Acquisitions
- Acquired by
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.
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 $6.91M
- Total Rounds 1
- Last Round Series A — $6.91M
- First Round $6.91M
(Nov 2019)
All 1 funding rounds of Prosperity Life Insurance Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2019 | $6.91M | Series A | – | – | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Premium brands are acquired by the private equity firm. | jabholco.com | Luxembourg, Luxembourg | ||
Private foundations focused on insurance sectors | 1892 | ia.ca | Quebec City, Canada | |
Multiple sectors are invested in by the hedge fund. | 1977 | elliottmgmt.com | New York, United States |
Investor details for Prosperity Life Insurance Group
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People of Prosperity Life Insurance Group
62 people are tracked at Prosperity Life Insurance Group (34 in leadership, 7 in board & advisors, 21 in team); the tracked headcount is 185.
| Name | Role | Group |
|---|---|---|
Anurag Chandra | CEO | Leadership |
Paul Hance | Chief Actuary & Chief Risk Officer | Leadership |
Nicholas von Moltke | President & CEO | Leadership |
Subodh Kesri | VP, Corporate Development | Leadership |
Gil Amoray | Head Of Integration Management Office | Leadership |
Tricia Vogel | Director, Licensing And Commissions | Leadership |
Deva Mishra | Chief Investment Officer | Leadership |
Zachary Jones | Chief Financial Officer | Leadership |
Kathleen Redgate | Chief Operations Officer | Leadership |
Stephen Hilbish | VP, Investments | Leadership |
Ann-Kelley Winn | General Counsel, Corporate Secretary, and Chief Compliance Officer | Leadership |
Sougata Roy | Vice President, Head Of Actuarial Asset Liability Management | Leadership |
William Board | VP, Information Technology | Leadership |
Bob Hanebuth | VP, Operations | Leadership |
Harish Patil | Vp, Transformation, Architecture & Insurance Applications | Leadership |
Wei He | Director, Risk Management | Leadership |
Andy Xu | Director & Actuary, Modeling | Leadership |
Jamie Houlihan | Director Fp&a - Allocations And Expense Reporting | Leadership |
Laura Kane | Chief Human Resource Officer | Leadership |
David Hoxworth | Field Vice President Of Worksite Sales | Leadership |
42 more people are available in the full profile.
Complete people profiles 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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Life insurance company | shenlife.com | Roanoke, United States | 1914 | May 2012 | •••• |
Complete acquisition details for Prosperity Life Insurance Group
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Timeline of Prosperity Life Insurance Group
6 dated milestones of Prosperity Life Insurance Group across 21 years, from founding to its latest funding, stage changes and deals.
- Founded Prosperity Life Insurance Group is founded.
- Acquisition Acquires Shenandoah Life Insurance.
- Exit Acquired by Elliott Management.
- Funding First funding round of $6.9M.
- Exit Acquired by iA Financial Group.
- Exit Acquired by JAB Holding Company.
Competitors of Prosperity Life Insurance Group
Prosperity Life Insurance Group has 3 listed competitors in our database, 1 of them funded. They include John Hancock, Nassau Financial Group and Western & Southern Financial Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| johnhancock.com | 1996 | Boston, United States | Offers life insurance products, investment advice, and retirement planning for individuals and businesses. | |||
| nfg.com | 1851 | Hartford, United States | $1.38B | Diversified insurance brokerage services are provided from Hartford. | ||
| westernsouthern.com | 1888 | Cincinnati, United States | 3,692 | Life insurance, investments, and retirement solutions are provided to clients. |
Detailed competitors of Prosperity Life Insurance Group
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Web traffic of Prosperity Life Insurance Group
The website of Prosperity Life Insurance Group (prosperitylife.com) receives about 14.8K visits a month and ranks #1,344,779 among all websites worldwide, #5,123 in Insurance.
- Monthly visits14.8K
▼ 3.3% vs previous month
- Unique visitors7.1K
per month
- Global rank#1,344,779
among all websites
- Category rank#5,123
Finance · Insurance
- Bounce rate34%
- Pages per visit3.2
- Average visit1 min 45 sec
- DevicesDesktop 46% · Mobile 54%
Websites whose visitors overlap most with Prosperity Life Insurance Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
uihna.com | uihna.com | 100% | #628,019 | – | |
sblibrokerage.com | sblibrokerage.com | 32% | #5,423,577 | – |
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Prosperity Life Insurance Group (Insurance & Risk Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | |||
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States |
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Related news about 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 CEO of Prosperity Life Insurance Group, as recorded in our data.
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 2019.
Prosperity Life Insurance Group has 185 employees.
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 Western & Southern Financial Group, Nassau Financial Group and John Hancock.
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.
Prosperity Life Insurance Group operates through Prosperity Service Group, Llc.
Yes. Prosperity Life Insurance Group was acquired by JAB Holding Company in February 2025.