As expected,
Aviva is funding the deal by issuing $1.6 billion worth of shares, paying the balance with cash and debt. The company's market capitalization is approximately $35 billion.
Earlier, analysts estimated AmerUs' value at about $2.3 billion. It is the nation's No. 1 provider of fixed indexed life insurance and one of the top five providers of fixed indexed annuities, with assets totaling $24.7 billion.
Aviva has long wanted to establish a footprint in the United States and made a bid for
They walked away from Prudential already, so there was "a little bit of pressure on them to complete this deal,"