Proposed Acquisition of Settlers Life Insurance Company by Everly Holdings, LLC

​​​​​​​​​​​​​​​​​​Last Updated:  June 24, 2022

Information on the Proposed Acquisition of Control of Settlers Life Insurance Company by Everly Holdings, LLC

On January 7, 2022, Everly Holdings, LLC (“Everly" the “Applicant"), a Delaware limited liability company, submitted a Form A filing with OCI regarding the acquisition of Settlers Life Insurance Company (“Settlers"​ the “Domestic Insurer"), a Wisconsin domestic life insurance company.  This acquisition of the Domestic Insurer will occur pursuant t​o the terms of a Stock Purchase Agreement between the Applicant and the Domestic Insurer's direct parent, National Guardian Life Insurance Company, dated as of December 9, 2021.  Subject to the Stock Purchase Agreement, the Applicant will acquire 100% of the issued and outstanding shares of the capital stock of the Domestic Insurer.

The applicants filed the following documents with the OCI​

• Transmittal Letter
  

• ​Form A Filing
  

• ​Stock Purchase Agreement [REDACTED]
  

• Stock Purchase Agreement [CONFIDENTIAL]
  

• ​Consent to Jurisdiction
  

• ​Pre-closing Organizational Chart – Applicant
  

• ​Post-c​losing Organizational Chart
  

• ​List of Directors and Executive Officers – Applicant
  

• ​List of Directors and Executive Officers – SBL Holdings
  

• ​List of Directors and Executive Officers – Security Benefit Corporation
  

• List of Directors and Executive Officers – Eldridge SBC
  

• ​List of Directors and Executive Officers – Post-closing for the Domestic Insurer​
  

• Biographical Affidavits for the Directors and Executive Officers [CONFIDENTIAL]
  

• Statement of Competitive Impact [CONFIDENTIAL]
  

• Unaudited Quarterly Financial Statements of the Applicant for the Quarter Ended September 30, 2021 [CONFIDENTIAL]
  

• Audited Consolidated Financial Statements of SBL Holdings for the Year Ended December 31, 2016
  

• Audited Consolidated Financial Statements of SBL Holdings for the Year Ended December 31, 2017
  

• Audited Consolidated Financial Statements of SBL Holdings for the Year Ended December 31, 2018
  

• Audited Consolidated Financial Statements of SBL Holdings for the Year Ended December 31, 2019
  

• Audited Consolidated Financial Statements of SBL Holdings for the Year Ended December 31, 2020​
  

• Unaudited Consolidated Financial Statements of SBL Holdings for the Quarter Ended March 31, 2021 [CONFIDENTIAL]
  

• Unaudited Consolidated Financial Statements of SBL Holdings for the Quarter Ended June 30, 2021 [CONFIDENTIAL]
  

• Unaudited Consolidated Financial Statements of SBL Holdings for the Quarter Ended September 30, 2021 [CONFIDENTIAL]
  

• Personal Financial Statements of Todd L. Boehly [CONFIDENTIAL]
  

• Business Plan [CONFIDENTIAL]
  

• Five-Year Financial Projections for the Domestic Insurer [CONFIDENTIAL]
  

• ​Final Decision Notification​​
  
• Final Decision​​​