Heritage Life Insurance

Name

Heritage Life Insurance

Legal name

Heritage Life Insurance Company

Website

https://heritageli.com

Company type

Private

Founded year

1957

Operating status

Acquired

Headcount range

11–50 employees

Short description

Heritage Life Insurance Company is a Chicago-based reinsurer, founded in 1957, that provides affiliated reinsurance services for life insurance and annuity products to primary life insurance carriers, most notably Puritan Life Insurance Company of America.

Ownership category

akta.pro rank

Product category

Life Insurance Reinsurance

NAICS

Reinsurance Carriers (524130), Reinsurance Carriers (52413)

SIC

Life Insurance (6311)

akta.pro primary industry

Life Treaty Reinsurance (FSAOAEAA)

akta.pro secondary industry

Longevity Reinsurance (FSAOAAAB)

Keywords

• Life reinsurance services
• Annuities reinsurance
• Mortality risk transfer
• Insurance risk sharing
• Life insurance affiliate

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Revenue model

1. Reinsurance Premiums: Heritage Life Insurance operates as a reinsurer, providing reinsurance services to primary insurers such as Puritan Life Insurance Company of America. The company was acquired by Amistad Financial Group as part of its focus on life insurance business.

Core offering

Heritage Life Insurance Company operates as a reinsurer, providing affiliated reinsurance services to life insurance companies. Its core business focuses on reinsuring annuities and life products, with a documented affiliated reinsurance relationship with Puritan Life Insurance Company of America. Following its Q4 2025 acquisition by Amistad Financial Group, it continues to provide reinsurance capacity and risk-sharing support to affiliated life insurance entities.

Differentiator

Problem solved

Functional benefit

Products and services

• Reinsurance Services Affiliated reinsurance services provided to life insurance companies, including Puritan Life Insurance Company of America, covering annuities and life products for risk transfer, mortality risk management, and capital efficiency.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Puritan Life Insurance Company of AmericacoreOthersPuritan Life Insurance Company of America is an affiliated entity that utilizes reinsurance services from Heritage Life Insurance Company. Both companies are now under the ownership of Amistad Financial Group. Puritan's business plans remained unchanged following the ownership transition.

Broad incumbents

• Swiss Re: Swiss Re is a top-tier global reinsurer with major life and health reinsurance operations, comparable to Heritage in assuming mortality and longevity risk from primary insurers but at vastly greater scale.
• Munich Re: Munich Re is one of the world's largest reinsurers with a substantial life reinsurance arm; it competes with Heritage for life and annuity reinsurance mandates but operates across P&C and specialty lines as well.
• General Re (Berkshire Hathaway Reinsurance): Gen Re is a Berkshire Hathaway-owned global reinsurer with a meaningful life/health reinsurance practice, comparable to Heritage in providing life reinsurance capacity but operating as a multi-line incumbent.

Direct peers

• Hannover Re: Hannover Re is a major global reinsurer with a sizable life and health reinsurance division, directly comparable to Heritage in offering treaty and facultative life reinsurance capacity to primary writers worldwide.
• SCOR: SCOR operates a substantial global life reinsurance book alongside its P&C franchise, directly comparable to Heritage in assuming mortality, longevity, and annuity risks from primary life insurers.
• Pacific Life Re: Pacific Life Re provides life and annuity reinsurance solutions globally, directly comparable to Heritage's focus on reinsuring annuities and life products from primary life insurers.
• Transamerica Re: Transamerica Re is a dedicated life reinsurance provider within the Aegon group, directly comparable to Heritage as a specialist reinsurer of life and annuity risks.
• Reinsurance Group of America: RGA is the largest U.S.-based pure-play life and health reinsurer, directly comparable to Heritage as a dedicated life reinsurance carrier with global cedent relationships and a similar focus on mortality and longevity risk transfer.

Emerging players

• Athene Annuity Re: Athene is a leading annuity writer and reinsurer with a focus on pension risk transfer and longevity reinsurance, comparable to Heritage's annuity reinsurance line but at much greater scale and with a primary direct-to-consumer origination model.
• Jackson Financial: Jackson Financial is a major U.S. annuity and life insurance provider with material reinsurance arrangements, comparable to Heritage as an affiliated-platform reinsurance counterpart and as a participant in the life/annuity risk-transfer market.

Market position

Customer concentration

• LinkedInlinkedin.com/company/heritage-life-insurance

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Heritage Life Insurance