Frankfurter Leben Group to acquire Athora Deutschland

Frankfurter Leben Group has signed an agreement to acquire Athora Deutschland, a move that marks the group's seventh transaction and further consolidates the German life insurance market. The acquisition involves approximately 130,000 life insurance contracts, which will bring Frankfurter Leben's total managed portfolio to roughly 800,000 policies.

DWS Group will act as a long-term financing partner for the transaction, working strategically with Frankfurter Leben to leverage expertise in capital investment and international investment solutions. The deal aims to improve efficiency in managing older insurance portfolios by modernizing IT infrastructure and reducing administrative costs.

The transaction is expected to be finalized in 2027, subject to approval from the relevant regulatory authorities. This acquisition follows Frankfurter Leben's previous moves, including the 2024 acquisitions of Generali Pensionskasse and Landeslebenshilfe.